Cwm LLC Acquires 7,283 Shares of Crocs, Inc. $CROX

Cwm LLC increased its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 1,080.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,957 shares of the textile maker's stock after purchasing an additional 7,283 shares during the period. Cwm LLC's holdings in Crocs were worth $806,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Motley Fool Wealth Management LLC increased its position in Crocs by 82.6% in the first quarter. Motley Fool Wealth Management LLC now owns 101,978 shares of the textile maker's stock worth $10,830,000 after purchasing an additional 46,124 shares during the last quarter. Entropy Technologies LP bought a new stake in Crocs in the first quarter worth $905,000. Intech Investment Management LLC boosted its stake in Crocs by 60.4% during the first quarter. Intech Investment Management LLC now owns 49,641 shares of the textile maker's stock worth $5,272,000 after buying an additional 18,697 shares during the period. Versor Investments LP bought a new position in Crocs during the first quarter valued at $1,275,000. Finally, Baird Financial Group Inc. increased its position in Crocs by 4.8% during the first quarter. Baird Financial Group Inc. now owns 251,230 shares of the textile maker's stock valued at $26,681,000 after acquiring an additional 11,397 shares during the last quarter. Institutional investors own 93.44% of the company's stock.

Insider Transactions at Crocs

In other Crocs news, Director John B. Replogle acquired 3,261 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was bought at an average cost of $76.69 per share, with a total value of $250,086.09. Following the completion of the purchase, the director directly owned 15,417 shares in the company, valued at $1,182,329.73. The trade was a 26.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Susan L. Healy acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was acquired at an average cost of $76.56 per share, with a total value of $153,120.00. Following the completion of the purchase, the executive vice president owned 50,078 shares of the company's stock, valued at $3,833,971.68. This trade represents a 4.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CROX shares. KeyCorp cut their price objective 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. Citigroup cut shares of Crocs to a "negative" rating in a research report on Tuesday, October 7th. Barclays reiterated an "equal weight" rating and set a $81.00 price objective (down previously from $119.00) on shares of Crocs in a research report on Friday, August 8th. The Goldman Sachs Group cut their price objective 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. Finally, UBS Group cut their price objective on shares of Crocs from $110.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday, August 11th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $101.92.

Crocs Stock Down 0.7%

Shares of CROX opened at $83.47 on Thursday. The firm has a market capitalization of $4.56 billion, a P/E ratio of 22.38, a P/E/G ratio of 1.95 and a beta of 1.43. Crocs, Inc. has a 12-month low of $73.76 and a 12-month high of $139.96. The company has a current ratio of 1.54, a quick ratio of 0.97 and a debt-to-equity ratio of 0.97. The firm has a fifty day moving average price of $82.90 and a 200-day moving average price of $94.80.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings data 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. Crocs had a net margin of 5.72% and a return on equity of 44.15%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the firm earned $4.01 earnings per share. The firm'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. Equities research analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current year.

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.

Want to see what other hedge funds are holding CROX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crocs, Inc. (NASDAQ:CROX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.