Crocs, Inc. $CROX Shares Purchased by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors increased its Crocs stake by 14.8% in the third quarter, purchasing 34,667 additional shares and bringing its holdings to 268,617 shares valued at approximately $31.5 million. Institutional investors collectively own 93.44% of CROX.
• Analyst sentiment remains favorable, with Crocs holding a consensus “Moderate Buy” rating and an average price target of $141.20. Barclays upgraded the stock to “Overweight” and raised its target to $139.
• Crocs exceeded quarterly expectations, reporting $4.55 in EPS versus a $4.35 estimate and $1.18 billion in revenue, up 2.6% year over year. The stock opened at $124.77, after recently trading up 6.2%.

Fort Washington Investment Advisors Inc. OH lifted its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 14.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 268,617 shares of the textile maker's stock after purchasing an additional 34,667 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.56% of Crocs worth $31,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CROX. Versant Capital Management Inc increased its stake in Crocs by 95.9% during the 3rd quarter. Versant Capital Management Inc now owns 290 shares of the textile maker's stock valued at $34,000 after purchasing an additional 142 shares in the last quarter. Root Financial Partners LLC raised its holdings in Crocs by 96.3% in the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker's stock worth $27,000 after buying an additional 157 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Crocs in the second quarter worth about $42,000. Allworth Financial LP purchased a new position in Crocs in the second quarter worth about $53,000. Finally, Persistent Asset Partners Ltd purchased a new position in Crocs in the second quarter worth about $55,000. Institutional investors own 93.44% of the company's stock.

Wall Street Analyst Weigh In

CROX has been the topic of several analyst reports. Barclays upgraded shares of Crocs from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $118.00 to $139.00 in a research note on Thursday. Bank of America raised their price target on shares of Crocs from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. UBS Group raised their price target on shares of Crocs from $107.00 to $120.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Seaport Research Partners boosted their price objective on shares of Crocs from $135.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, July 20th. Finally, Monness Crespi & Hardt upped their price objective on Crocs from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $141.20.

Insider Activity

In other news, CEO Andrew Rees sold 19,072 shares of Crocs stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $138.91, for a total value of $2,649,291.52. Following the completion of the sale, the chief executive officer directly owned 713,293 shares in the company, valued at $99,083,530.63. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Beth J. Kaplan purchased 885 shares of Crocs stock in a transaction dated Tuesday, September 15th. The stock was bought at an average price of $112.12 per share, with a total value of $99,226.20. Following the completion of the purchase, the director directly owned 15,259 shares of the company's stock, valued at approximately $1,710,839.08. This trade represents a 6.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.10% of the stock is currently owned by corporate insiders.

Crocs Trading Up 6.2%

Shares of NASDAQ:CROX opened at $124.77 on Friday. The company has a market cap of $5.98 billion, a P/E ratio of 10.78, a PEG ratio of 0.98 and a beta of 1.56. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96. Crocs, Inc. has a 1 year low of $73.21 and a 1 year high of $141.28. The stock's fifty day moving average price is $121.29 and its 200-day moving average price is $117.40.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, beating the consensus estimate of $4.35 by $0.20. Crocs had a return on equity of 47.75% and a net margin of 14.64%. The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same period last year, the firm posted ($8.82) earnings per share. Crocs's revenue was up 2.6% compared to the same quarter last year. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Sell-side analysts expect that Crocs, Inc. will post 13.95 earnings per share for the current year.

Crocs Profile

Crocs, Inc is a global footwear company best known for its molded clogs made from Croslite, a proprietary material designed to provide lightweight comfort and water resistance. The company's product portfolio also includes sandals, slides, boots, sneakers and other casual footwear, along with Jibbitz charms and accessories that allow consumers to personalize Crocs shoes.

Founded in 2002, Crocs sells its products through company-operated and partner retail stores, e-commerce websites, wholesale partners and third-party digital marketplaces.

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