Empowered Funds LLC Invests $5.85 Million in Crocs, Inc. $CROX

Key Points

• Empowered Funds LLC initiated a Crocs position worth approximately $5.85 million, purchasing 48,526 shares. Institutional investors and hedge funds collectively own 93.44% of CROX.
• Analysts maintain a generally positive outlook, with Crocs receiving a consensus “Moderate Buy” rating and an average price target of $139.10; individual targets range as high as $163.
• Crocs exceeded quarterly expectations, reporting $4.55 in earnings per share versus the $4.35 estimate and $1.18 billion in revenue. Revenue rose 2.6% year over year, while management guided to fiscal 2026 EPS of $13.70–$14.00.

Empowered Funds LLC bought a new position in Crocs, Inc. (NASDAQ:CROX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 48,526 shares of the textile maker's stock, valued at approximately $5,854,000. Empowered Funds LLC owned about 0.10% of Crocs as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CROX. Himalaya Capital Management LLC acquired a new stake in Crocs during the 4th quarter worth about $53,720,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Crocs by 92.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,982 shares of the textile maker's stock worth $2,564,000 after buying an additional 14,393 shares during the period. Morningstar Investment Management LLC purchased a new position in shares of Crocs in the first quarter worth approximately $867,000. Landscape Capital Management L.L.C. purchased a new position in shares of Crocs in the fourth quarter worth approximately $3,800,000. Finally, X Square Capital LLC acquired a new stake in shares of Crocs during the second quarter valued at approximately $2,931,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Crocs news, CEO Andrew Rees sold 32,688 shares of the company's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.09, for a total value of $3,860,125.92. Following the transaction, the chief executive officer directly owned 743,293 shares of the company's stock, valued at $87,775,470.37. This represents a 4.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 62,688 shares of company stock valued at $8,014,859. Corporate insiders own 3.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CROX shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Crocs in a research report on Monday, June 8th. They issued a "buy" rating for the company. Barclays boosted their target price on shares of Crocs from $110.00 to $118.00 and gave the company an "equal weight" rating in a research note on Friday, July 31st. Piper Sandler restated an "overweight" rating on shares of Crocs in a report on Friday, July 31st. Needham & Company LLC raised their target price on Crocs from $132.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Finally, Robert W. Baird set a $163.00 price target on Crocs in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Crocs currently has an average rating of "Moderate Buy" and a consensus price target of $139.10.

Crocs Stock Performance

Crocs stock opened at $122.23 on Monday. The company's fifty day simple moving average is $129.22 and its 200-day simple moving average is $109.85. The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.94. Crocs, Inc. has a 12 month low of $73.21 and a 12 month high of $141.28. The stock has a market cap of $5.86 billion, a P/E ratio of 10.56, a P/E/G ratio of 1.02 and a beta of 1.53.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, topping analysts' consensus estimates of $4.35 by $0.20. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. Crocs's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($8.82) earnings per share. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. As a group, sell-side analysts forecast that Crocs, Inc. will post 13.95 EPS for the current fiscal year.

Crocs Company Profile

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company's product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.

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