Crocs, Inc. $CROX Stock Position Increased by Kovitz Investment Group Partners LLC

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 lifted its position in shares of 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 purchasing an additional 8,142 shares during the period. Kovitz Investment Group Partners LLC owned about 0.16% of Crocs worth $9,769,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CROX. Costello Asset Management INC purchased a new stake in Crocs in the first quarter valued at $32,000. Larson Financial Group LLC lifted its position in Crocs by 541.8% in the first quarter. Larson Financial Group LLC now owns 353 shares of the textile maker's stock valued at $37,000 after acquiring an additional 298 shares during the last quarter. IMA Advisory Services Inc. purchased a new stake in Crocs in the first quarter valued at $40,000. Salem Investment Counselors Inc. acquired a new position in Crocs in the first quarter valued at $53,000. Finally, Ameriflex Group Inc. acquired a new position in Crocs in the fourth quarter valued at $54,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Barclays restated an "equal weight" rating and issued a $81.00 price objective (down from $119.00) on shares of Crocs in a research note on Friday, August 8th. Stifel Nicolaus reiterated a "hold" rating and issued a $85.00 price target (down previously from $127.00) on shares of Crocs in a report on Friday, August 8th. Needham & Company LLC lowered their target price on shares of Crocs from $129.00 to $89.00 and set a "buy" rating on the stock in a research report on Thursday, August 7th. KeyCorp lowered their target price on shares of Crocs from $120.00 to $95.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Finally, The Goldman Sachs Group lowered their target price on shares of Crocs from $88.00 to $87.00 and set a "sell" rating on the stock in a research report on Tuesday, July 22nd. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Crocs has an average rating of "Moderate Buy" and an average price target of $108.92.

Crocs Trading Down 0.4%

NASDAQ:CROX traded down $0.3120 during trading hours on Thursday, reaching $83.4080. 367,072 shares of the company were exchanged, compared to its average volume of 1,792,594. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.54 and a quick ratio of 0.97. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.92 and a beta of 1.41. Crocs, Inc. has a 52-week low of $73.76 and a 52-week high of $151.13. The stock has a 50 day simple moving average of $98.63 and a 200 day simple moving average of $101.02.

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 for the quarter, topping analysts' consensus estimates of $4.01 by $0.22. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a net margin of 5.72% and a return on equity of 44.15%. Crocs's revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $4.01 earnings per share. Crocs has set its Q3 2025 guidance at EPS. As a group, analysts predict that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Buying and Selling at Crocs

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