Jones Financial Companies Lllp Has $2.32 Million Position in Crocs, Inc. $CROX

Key Points

• Jones Financial Companies Lllp significantly increased its stake in Crocs, Inc. by 2,839.5% during the first quarter, acquiring an additional 21,126 shares, and now holds a total of 21,870 shares valued at approximately $2.3 million.
• Several hedge funds, including New Vernon Capital Holdings II LLC and Allspring Global Investments, also dramatically increased their positions in Crocs, indicating strong institutional interest with 93.44% of the stock owned by such investors.
• Analyst ratings on Crocs are mixed, with consensus showing a “Moderate Buy” and a target price range from $81 to $105.33, reflecting concerns about price adjustments and various analysts’ evaluations.

Jones Financial Companies Lllp lifted its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 2,839.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,870 shares of the textile maker's stock after buying an additional 21,126 shares during the period. Jones Financial Companies Lllp's holdings in Crocs were worth $2,323,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fuller & Thaler Asset Management Inc. boosted its position in shares of Crocs by 4.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,362,318 shares of the textile maker's stock worth $144,678,000 after buying an additional 53,916 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Crocs by 10.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,154,676 shares of the textile maker's stock worth $122,608,000 after buying an additional 108,076 shares during the period. Alliancebernstein L.P. boosted its position in shares of Crocs by 15.4% during the first quarter. Alliancebernstein L.P. now owns 1,115,733 shares of the textile maker's stock worth $118,491,000 after buying an additional 148,964 shares during the period. LSV Asset Management boosted its position in shares of Crocs by 180.9% during the first quarter. LSV Asset Management now owns 880,260 shares of the textile maker's stock worth $93,484,000 after buying an additional 566,847 shares during the period. Finally, New Vernon Capital Holdings II LLC boosted its position in shares of Crocs by 10,520.0% during the first quarter. New Vernon Capital Holdings II LLC now owns 719,293 shares of the textile maker's stock worth $76,389,000 after buying an additional 712,520 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Price Performance

Shares of NASDAQ CROX traded down $3.52 during trading on Friday, hitting $77.43. The company had a trading volume of 2,712,591 shares, compared to its average volume of 1,649,321. The company has a market cap of $4.23 billion, a P/E ratio of 20.76, a PEG ratio of 1.86 and a beta of 1.40. Crocs, Inc. has a 52 week low of $73.76 and a 52 week high of $151.13. The business's 50-day moving average is $93.04 and its 200 day moving average is $99.13. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.97 and a current ratio of 1.54.

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 (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.22. The company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.15 billion. Crocs had a return on equity of 44.15% and a net margin of 5.72%.The firm's revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.01 earnings per share. Crocs has set its Q3 2025 guidance at EPS. Equities research analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Crocs

In other news, EVP Susan L. Healy bought 2,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were bought at an average cost of $76.56 per share, with a total value of $153,120.00. Following the purchase, the executive vice president directly owned 50,078 shares in the company, valued at $3,833,971.68. This trade represents a 4.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John B. Replogle bought 3,261 shares of the business's stock in a transaction on Friday, August 8th. The shares were purchased at an average cost of $76.69 per share, for a total transaction of $250,086.09. Following the completion of the purchase, the director owned 15,417 shares in the company, valued at approximately $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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CROX shares. Bank of America cut their target price on Crocs from $135.00 to $99.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Stifel Nicolaus restated a "hold" rating and issued a $85.00 target price (down from $127.00) on shares of Crocs in a research report on Friday, August 8th. Barclays restated an "equal weight" rating and issued a $81.00 target price (down from $119.00) on shares of Crocs in a research report on Friday, August 8th. Needham & Company LLC upped their target price on Crocs from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Finally, Monness Crespi & Hardt cut their target price on Crocs from $140.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Crocs presently has an average rating of "Moderate Buy" and a consensus target price of $105.33.

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.