Kovitz Investment Group Partners LLC Has $9.77 Million Holdings in Crocs, Inc. $CROX

Key Points

• Kovitz Investment Group Partners LLC increased its stake in Crocs, Inc. by 9.7%, owning 91,985 shares valued at approximately $9.77 million.
• Insider transactions include Director John B. Replogle purchasing 3,261 shares and EVP Susan L. Healy acquiring 2,000 shares, indicating confidence in the company's performance.
• Crocs reported earnings of $4.23 EPS for the last quarter, exceeding estimates and reflecting a 3.4% revenue increase year-over-year.

Kovitz Investment Group Partners LLC increased its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,985 shares of the textile maker's stock after buying an additional 8,142 shares during the quarter. Kovitz Investment Group Partners LLC owned approximately 0.16% of Crocs worth $9,769,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LSV Asset Management lifted its stake in Crocs by 180.9% in the first quarter. LSV Asset Management now owns 880,260 shares of the textile maker's stock valued at $93,484,000 after acquiring an additional 566,847 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Crocs by 49.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock valued at $143,309,000 after purchasing an additional 429,994 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Crocs by 167.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 490,544 shares of the textile maker's stock valued at $53,730,000 after purchasing an additional 307,185 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in Crocs by 215.0% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 372,450 shares of the textile maker's stock valued at $40,794,000 after purchasing an additional 254,212 shares during the last quarter. Finally, Nuveen LLC bought a new position in Crocs during the first quarter worth about $25,957,000. 93.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Needham & Company LLC dropped their price objective on Crocs from $129.00 to $89.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Stifel Nicolaus restated a "hold" rating and issued a $85.00 price target (down previously from $127.00) on shares of Crocs in a research note on Friday, August 8th. Barclays reaffirmed an "equal weight" rating and set a $81.00 price objective (down from $119.00) on shares of Crocs in a research report on Friday, August 8th. The Goldman Sachs Group decreased their price objective on shares of Crocs from $88.00 to $87.00 and set a "sell" rating on the stock in a report on Tuesday, July 22nd. Finally, UBS Group cut their target price on shares of Crocs from $110.00 to $85.00 and set a "neutral" rating for the company in a research note on Monday, August 11th. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $108.92.

Crocs Stock Performance

NASDAQ:CROX traded down $0.0170 during mid-day trading on Wednesday, reaching $83.3330. 796,744 shares of the company's stock were exchanged, compared to its average volume of 1,797,545. Crocs, Inc. has a one year low of $73.76 and a one year high of $151.13. 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 simple moving average is $99.04 and its two-hundred day simple moving average is $101.14. The firm has a market capitalization of $4.55 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 1.91 and a beta of 1.41.

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

Insiders Place Their Bets

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

About Crocs

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.