Crocs, Inc. $CROX Stock Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Institutional ownership increased: Virginia Retirement Systems raised its Crocs position by 93% in the third quarter to 38,182 shares worth approximately $4.48 million. Institutional investors and hedge funds collectively own 93.44% of CROX.
• Crocs exceeded quarterly expectations: The company reported earnings of $3.69 per share versus the $3.31 consensus estimate, while revenue reached approximately $1.04 billion, up 4.7% year over year.
• Analyst sentiment is broadly positive: Crocs has a “Moderate Buy” consensus rating and an average price target of $158.30, with Needham recently raising its target to $190. Shares opened at $150.52, near the company’s 52-week high.

VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 93.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,182 shares of the textile maker's stock after acquiring an additional 18,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.08% of Crocs worth $4,479,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Baird Financial Group Inc. boosted its position in shares of Crocs by 450.1% in the 2nd quarter. Baird Financial Group Inc. now owns 166,345 shares of the textile maker's stock worth $20,068,000 after purchasing an additional 136,106 shares in the last quarter. Bank of America Corp DE acquired a new stake in Crocs during the 2nd quarter worth about $33,820,000. Legal & General Group Plc purchased a new stake in Crocs in the second quarter valued at approximately $8,129,000. Corient Private Wealth LP raised its holdings in shares of Crocs by 107.3% during the second quarter. Corient Private Wealth LP now owns 23,832 shares of the textile maker's stock worth $2,875,000 after purchasing an additional 12,335 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Crocs in the second quarter worth about $1,556,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Price Performance

Shares of NASDAQ CROX opened at $150.52 on Monday. The firm has a 50-day simple moving average of $120.41 and a 200-day simple moving average of $109.73. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.20 and a beta of 1.49. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.96. Crocs, Inc. has a 52 week low of $73.21 and a 52 week high of $154.05.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The textile maker reported $3.69 earnings per share for the quarter, topping analysts' consensus estimates of $3.31 by $0.38. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. Crocs had a net margin of 16.20% and a return on equity of 49.35%. Crocs's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.92 earnings per share. On average, equities analysts predict that Crocs, Inc. will post 14.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CROX shares. Robert W. Baird set a $163.00 price objective on shares of Crocs in a report on Friday, July 31st. Needham & Company LLC lifted their price target on Crocs from $150.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday. Weiss Ratings raised Crocs from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, October 26th. Monness Crespi & Hardt upped their price target on Crocs from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, Wall Street Zen upgraded Crocs from a "buy" rating to a "strong-buy" rating in a research report on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $158.30.

Key Headlines Impacting Crocs

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Quarterly earnings and revenue beat expectations. Crocs reported adjusted EPS of $3.69 versus the $3.31 analyst consensus, while revenue increased 4.7% year over year to approximately $1.04 billion, ahead of estimates near $1.00 billion. Crocs quarterly earnings report
• Positive Sentiment: Management raised its full-year forecast for the third consecutive time. Crocs now expects 2026 revenue growth of approximately 3%, up from its prior 1%–2% outlook, and projects fourth-quarter revenue growth of roughly 7%–9%. Crocs Q3 results and outlook
• Positive Sentiment: HEYDUDE returned to growth. HEYDUDE revenue increased about 6%, easing concerns about the struggling brand and strengthening the case for a broader recovery. Crocs Brand revenue also grew approximately 4.4%. Reuters HEYDUDE turnaround article
• Positive Sentiment: Profitability and shareholder returns improved. Gross margin expanded to 66.2% from 58.5% a year earlier, operating income rose more than 40%, and the company repurchased approximately $250 million of stock during the quarter.
• Positive Sentiment: Analysts became more bullish. Barclays raised its price target to $178 and assigned an “overweight” rating, while Needham raised its target to $190 and reiterated a “buy” rating. Barclays CROX rating
• Neutral Sentiment: Technical coverage highlights that CROX has moved above its 20-day and 50-day moving averages and reached a new 52-week high, signaling positive momentum but also increasing the risk of profit-taking after the sharp advance. CROX moving average analysis
• Negative Sentiment: Some commentary notes that international growth is helping offset weaker U.S. performance, while tariff-related benefits and buybacks contributed to the earnings improvement. These factors could make comparisons less favorable if they do not persist.

Insider Transactions at Crocs

In other Crocs news, CEO Andrew Rees sold 19,072 shares of the firm's 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 transaction, the chief executive officer directly owned 713,293 shares of the company's stock, valued at $99,083,530.63. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Beth Kaplan acquired 885 shares of the stock in a transaction on Tuesday, September 15th. The shares were bought at an average cost of $112.12 per share, for a total transaction of $99,226.20. Following the purchase, the director directly owned 15,259 shares of the company's stock, valued at $1,710,839.08. The trade was a 6.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.10% of the stock is currently owned by corporate insiders.

About Crocs

Crocs, Inc is a global footwear company best known for its Crocs brand of casual, lightweight shoes. Its product portfolio includes clogs, sandals, slides, boots and other casual footwear, along with accessories such as Jibbitz charms, which are designed to personalize Crocs shoes.

The company was founded in 2002 and introduced its first clog that year. Crocs has expanded from its original molded footwear into a broader lifestyle brand, offering products for women, men and children through company-operated and third-party retail stores, e-commerce platforms and wholesale partners.

In 2022, Crocs completed its acquisition of HEYDUDE, adding the casual shoe brand to its portfolio.

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