Intech Investment Management LLC Buys 18,697 Shares of Crocs, Inc. $CROX

Key Points

• Intech Investment Management LLC increased its stake in Crocs, Inc. by 60.4% during the first quarter, now owning approximately 49,641 shares worth $5.27 million.
• A significant number of hedge funds are actively adjusting their holdings in Crocs, with firms like New Vernon Capital Holdings II growing their stake by an astounding 10,520%.
• Crocs reported a quarterly earnings per share of $4.23, surpassing the consensus estimate of $4.01, indicating a 3.4% year-over-year revenue growth.

Intech Investment Management LLC boosted its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 60.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,641 shares of the textile maker's stock after purchasing an additional 18,697 shares during the period. Intech Investment Management LLC owned 0.09% of Crocs worth $5,272,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Crocs by 4.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 211,305 shares of the textile maker's stock valued at $22,441,000 after purchasing an additional 8,331 shares during the last quarter. Legacy Advisory Services LLC acquired a new stake in Crocs during the first quarter valued at $429,000. Optimize Financial Inc boosted its position in Crocs by 73.5% during the first quarter. Optimize Financial Inc now owns 7,128 shares of the textile maker's stock valued at $757,000 after purchasing an additional 3,020 shares during the last quarter. United Services Automobile Association acquired a new stake in Crocs during the first quarter valued at $382,000. Finally, Kestra Investment Management LLC boosted its position in Crocs by 50.3% during the first quarter. Kestra Investment Management LLC now owns 2,613 shares of the textile maker's stock valued at $278,000 after purchasing an additional 875 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Insider Activity

In other news, Director John B. Replogle purchased 3,261 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were purchased at an average cost of $76.69 per share, for a total transaction of $250,086.09. Following the completion of the purchase, the director directly owned 15,417 shares of the company's stock, valued at approximately $1,182,329.73. The trade was a 26.83% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Susan L. Healy purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were purchased at an average price of $76.56 per share, for a total transaction of $153,120.00. Following the completion of the purchase, the executive vice president directly owned 50,078 shares of the company's stock, valued at approximately $3,833,971.68. This trade represents a 4.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.72% of the company's stock.

Crocs Stock Performance

Shares of Crocs stock traded down $3.52 during trading on Friday, reaching $77.43. The company's stock had a trading volume of 2,712,591 shares, compared to its average volume of 1,670,269. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.97 and a current ratio of 1.54. The business's fifty day moving average price is $93.04 and its 200-day moving average price is $99.12. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 1.78 and a beta of 1.40. Crocs, Inc. has a one year low of $73.76 and a one year high of $151.13.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The textile maker reported $4.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.22. Crocs had a return on equity of 44.15% and a net margin of 5.72%.The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company posted $4.01 earnings per share. The company's quarterly revenue was up 3.4% compared to the same quarter last year. Crocs has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Monness Crespi & Hardt reduced their price objective on Crocs from $140.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, August 8th. KeyCorp reduced their price target on Crocs from $120.00 to $95.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Barclays reiterated an "equal weight" rating and issued a $81.00 price objective (down from $119.00) on shares of Crocs in a research note on Friday, August 8th. The Goldman Sachs Group dropped their price objective on Crocs from $88.00 to $87.00 and set a "sell" rating on the stock in a research note on Tuesday, July 22nd. Finally, Stifel Nicolaus reiterated a "hold" rating and issued a $85.00 price objective (down from $127.00) on shares of Crocs in a research note on Friday, August 8th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $105.33.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.