Crocs, Inc. $CROX Shares Purchased by Sei Investments Co.

Key Points

• Sei Investments increased its Crocs stake by 143.8% in the first quarter, bringing its holdings to 23,446 shares valued at approximately $1.95 million. Institutional investors and hedge funds collectively own 93.44% of CROX.
• Analyst sentiment remains favorable, with Crocs receiving a consensus “Moderate Buy” rating and an average price target of $139.10. Bank of America raised its target to $160, while Goldman Sachs maintained a $95 sell target.
• Crocs exceeded quarterly expectations, reporting $4.55 in adjusted EPS and $1.18 billion in revenue, ahead of estimates of $4.35 and $1.15 billion, respectively. CEO Andrew Rees separately sold 32,688 shares for about $3.86 million.

Sei Investments Co. boosted its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 143.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,446 shares of the textile maker's stock after acquiring an additional 13,828 shares during the period. Sei Investments Co.'s holdings in Crocs were worth $1,947,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CROX. Root Financial Partners LLC grew its holdings in shares of Crocs by 96.3% during the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker's stock valued at $27,000 after purchasing an additional 157 shares during the last quarter. Torren Management LLC bought a new stake in shares of Crocs in the 4th quarter worth approximately $39,000. Parallel Advisors LLC boosted its position in Crocs by 60.2% during the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker's stock valued at $41,000 after purchasing an additional 186 shares during the period. National Bank of Canada FI boosted its position in Crocs by 597.3% during the 3rd quarter. National Bank of Canada FI now owns 774 shares of the textile maker's stock valued at $65,000 after purchasing an additional 663 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Crocs in the fourth quarter worth $68,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Royal Bank Of Canada started coverage on Crocs in a research note on Monday, June 8th. They issued an "overweight" rating on the stock. Piper Sandler reaffirmed an "overweight" rating on shares of Crocs in a report on Friday, July 31st. The Goldman Sachs Group reiterated a "sell" rating and issued a $95.00 price objective on shares of Crocs in a research report on Friday, July 31st. Bank of America boosted their target price on shares of Crocs from $145.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Finally, Wedbush started coverage on shares of Crocs in a research report on Monday, June 8th. They issued an "outperform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Crocs has a consensus rating of "Moderate Buy" and an average price target of $139.10.

Insider Activity at Crocs

In other news, CEO Andrew Rees sold 32,688 shares of the company's stock in a transaction on Friday, June 5th. The stock was sold at an average price of $118.09, for a total value of $3,860,125.92. Following the completion of the sale, the chief executive officer owned 743,293 shares in the company, valued at $87,775,470.37. This represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.10% of the company's stock.

Crocs Price Performance

NASDAQ CROX opened at $136.62 on Monday. Crocs, Inc. has a 12 month low of $73.21 and a 12 month high of $141.28. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96. The firm has a market capitalization of $6.55 billion, a PE ratio of 11.81, a P/E/G ratio of 1.13 and a beta of 1.53. The company's 50 day simple moving average is $127.90 and its 200 day simple moving average is $105.35.

Crocs (NASDAQ:CROX - Get Free Report) last announced its earnings results on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, topping the consensus estimate of $4.35 by $0.20. The firm had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.15 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The firm's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($8.82) earnings per share. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. As a group, equities research analysts forecast that Crocs, Inc. will post 13.97 EPS for the current fiscal year.

About Crocs

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company's product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.

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