Hsbc Holdings PLC Has $5.47 Million Holdings in Crocs, Inc. $CROX

Key Points

• Hsbc Holdings PLC increased its stake in Crocs, Inc. by 25% during the first quarter, owning 52,049 shares valued at approximately $5.47 million.
• Several hedge funds have also recently acquired stakes in Crocs, indicating strong institutional interest as they collectively own around 93.44% of the company's stock.
• Crocs reported earnings per share of $4.23 for the latest quarter, which surpassed analysts' expectations, while revenues increased by 3.4% year-over-year.

Hsbc Holdings PLC raised its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 25.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 52,049 shares of the textile maker's stock after purchasing an additional 10,394 shares during the period. Hsbc Holdings PLC owned 0.09% of Crocs worth $5,466,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CROX. Costello Asset Management INC bought a new stake in shares of Crocs in the 1st quarter worth about $32,000. Larson Financial Group LLC boosted its holdings in shares of Crocs by 541.8% in the 1st quarter. Larson Financial Group LLC now owns 353 shares of the textile maker's stock valued at $37,000 after buying an additional 298 shares during the period. IMA Advisory Services Inc. acquired a new position in shares of Crocs in the 1st quarter valued at about $40,000. Brooklyn Investment Group acquired a new position in shares of Crocs in the 1st quarter valued at about $40,000. Finally, Salem Investment Counselors Inc. acquired a new position in shares of Crocs in the 1st quarter valued at about $53,000. Institutional investors own 93.44% of the company's stock.

Insider Buying and Selling

In other news, EVP Susan L. Healy purchased 2,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were acquired 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 directly owned 50,078 shares of the company's stock, valued at $3,833,971.68. The trade was a 4.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 price of $76.69 per share, for a total transaction of $250,086.09. Following the acquisition, the director directly owned 15,417 shares of the company's stock, 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. 3.00% of the stock is owned by insiders.

Crocs Price Performance

Shares of NASDAQ CROX traded down $0.34 during midday trading on Thursday, reaching $86.29. The company's stock had a trading volume of 1,581,887 shares, compared to its average volume of 2,976,080. 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 company has a 50 day moving average price of $96.84 and a 200 day moving average price of $100.63. Crocs, Inc. has a one year low of $73.76 and a one year high of $151.13. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 1.99 and a beta of 1.41.

Crocs (NASDAQ:CROX - Get Free Report) last released its earnings results on Thursday, August 7th. The textile maker reported $4.23 EPS 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 business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm earned $4.01 EPS. The business's revenue for the quarter was up 3.4% on a year-over-year basis. Crocs has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Crocs, Inc. will post 13.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CROX shares. Monness Crespi & Hardt reduced their target price on shares of Crocs from $140.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, August 8th. The Goldman Sachs Group reduced their price target on shares of Crocs from $88.00 to $87.00 and set a "sell" rating for the company in a research note on Tuesday, July 22nd. Barclays reaffirmed an "equal weight" rating and issued a $81.00 price target (down from $119.00) on shares of Crocs in a research note on Friday, August 8th. Needham & Company LLC reduced their price target on shares of Crocs from $129.00 to $89.00 and set a "buy" rating for the company in a research note on Thursday, August 7th. Finally, KeyCorp reduced their price target on shares of Crocs from $120.00 to $95.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $104.42.

Crocs Profile

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.