Voya Investment Management LLC Raises Stock Position in Crocs, Inc. $CROX

Key Points

• Voya Investment Management LLC increased its ownership in Crocs, Inc. by 45.9% during the first quarter, now holding 53,240 shares valued at approximately $5.65 million.
• Several other institutional investors also raised their stakes in Crocs, with Belpointe Asset Management increasing ownership by 90.9% during the same period.
• Analysts have recently adjusted their price targets for Crocs, with UBS Group lowering its target from $110.00 to $85.00 and eight analysts now rating it as a "Moderate Buy."

Voya Investment Management LLC boosted its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 45.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,240 shares of the textile maker's stock after purchasing an additional 16,753 shares during the period. Voya Investment Management LLC owned about 0.09% of Crocs worth $5,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of CROX. Motley Fool Wealth Management LLC grew its stake in shares of Crocs by 82.6% in the 1st quarter. Motley Fool Wealth Management LLC now owns 101,978 shares of the textile maker's stock valued at $10,830,000 after buying an additional 46,124 shares during the period. Entropy Technologies LP acquired a new stake in shares of Crocs in the 1st quarter valued at $905,000. Versor Investments LP purchased a new position in shares of Crocs in the 1st quarter valued at $1,275,000. Baird Financial Group Inc. grew its position in Crocs by 4.8% during the 1st quarter. Baird Financial Group Inc. now owns 251,230 shares of the textile maker's stock worth $26,681,000 after purchasing an additional 11,397 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Crocs by 29.6% during the 1st quarter. Victory Capital Management Inc. now owns 36,563 shares of the textile maker's stock worth $3,883,000 after purchasing an additional 8,353 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on CROX shares. Monness Crespi & Hardt reduced their price objective on shares of Crocs from $140.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Bank of America lowered their target price on shares of Crocs from $135.00 to $99.00 and set a "buy" rating for the company in a report on Friday, August 8th. KeyCorp cut their price target on shares of Crocs from $120.00 to $95.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Stifel Nicolaus reissued a "hold" rating and set a $85.00 target price (down from $127.00) on shares of Crocs in a report on Friday, August 8th. Finally, Barclays reaffirmed an "equal weight" rating and issued a $81.00 price objective (down previously from $119.00) on shares of Crocs in a report on Friday, August 8th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $105.33.

Insider Activity

In other Crocs news, Director John B. Replogle purchased 3,261 shares of Crocs stock in a transaction dated 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 acquisition, the director owned 15,417 shares in the company, valued at $1,182,329.73. This represents a 26.83% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Susan L. Healy purchased 2,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was bought at an average price of $76.56 per share, for a total transaction of $153,120.00. Following the completion of the acquisition, the executive vice president directly owned 50,078 shares in the company, valued at approximately $3,833,971.68. This trade represents a 4.16% increase in their position. The disclosure for this purchase can be found here. Insiders own 3.00% of the company's stock.

Crocs Price Performance

Shares of NASDAQ CROX traded down $0.04 during trading hours on Friday, reaching $80.32. 2,571,033 shares of the stock traded hands, compared to its average volume of 1,810,091. The company has a market capitalization of $4.39 billion, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 1.85 and a beta of 1.40. The company has a quick ratio of 0.97, a current ratio of 1.54 and a debt-to-equity ratio of 0.97. Crocs, Inc. has a 52-week low of $73.76 and a 52-week high of $151.13. The company's 50-day simple moving average is $90.45 and its two-hundred day simple moving average is $98.39.

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

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.