Foster Victor Wealth Advisors LLC Acquires 4,728 Shares of Crocs, Inc. $CROX

Key Points

• Foster Victor Wealth Advisors LLC increased its stake in Crocs, Inc. by 4.9%, acquiring an additional 4,728 shares, bringing its total holdings to 101,700 shares valued at approximately $10.65 million.
• Several institutional investors also modified their holdings, with 93.44% of Crocs stock currently owned by hedge funds and other institutions.
• Crocs reported a quarterly earnings per share of $4.23, exceeding analysts' expectations, with a revenue of $1.15 billion, reflecting a year-over-year increase of 3.4%.

Foster Victor Wealth Advisors LLC raised its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 4.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,700 shares of the textile maker's stock after acquiring an additional 4,728 shares during the quarter. Foster Victor Wealth Advisors LLC owned approximately 0.18% of Crocs worth $10,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in Crocs by 93.0% during the second quarter. GAMMA Investing LLC now owns 2,627 shares of the textile maker's stock valued at $266,000 after purchasing an additional 1,266 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Crocs by 21.5% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 23,200 shares of the textile maker's stock valued at $2,348,000 after acquiring an additional 4,100 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Crocs by 3.9% during the 2nd quarter. Exchange Traded Concepts LLC now owns 44,242 shares of the textile maker's stock valued at $4,481,000 after acquiring an additional 1,657 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Crocs by 74.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,848 shares of the textile maker's stock worth $1,594,000 after acquiring an additional 6,359 shares during the period. Finally, Pallas Capital Advisors LLC purchased a new position in Crocs during the second quarter valued at approximately $301,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Stock Up 1.3%

Shares of NASDAQ:CROX opened at $78.15 on Wednesday. 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 business has a 50 day simple moving average of $89.52 and a two-hundred day simple moving average of $98.07. Crocs, Inc. has a 1 year low of $73.76 and a 1 year high of $151.13. The firm has a market capitalization of $4.27 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 1.78 and a beta of 1.40.

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

Insider Activity

In other news, EVP Susan L. Healy purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was purchased 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 owned 50,078 shares of the company's stock, valued at approximately $3,833,971.68. This trade represents a 4.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John B. Replogle acquired 3,261 shares of Crocs stock in a transaction on Friday, August 8th. The shares were purchased at an average price of $76.69 per share, for a total transaction of $250,086.09. Following the completion of the acquisition, the director directly owned 15,417 shares in the company, valued at $1,182,329.73. This trade represents a 26.83% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Piper Sandler cut shares of Crocs from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $95.00 to $75.00 in a research note on Monday. Monness Crespi & Hardt cut their price target on Crocs from $140.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Barclays reissued an "equal weight" rating and set a $81.00 target price (down previously from $119.00) on shares of Crocs in a research note on Friday, August 8th. Bank of America cut their price objective 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. Finally, The Goldman Sachs Group dropped their target price on shares of Crocs from $88.00 to $87.00 and set a "sell" rating for the company in a research report on Tuesday, July 22nd. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $102.00.

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.

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