Crocs, Inc. $CROX Shares Acquired by Jones Financial Companies Lllp

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 increased its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 2,839.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,870 shares of the textile maker's stock after acquiring an additional 21,126 shares during the quarter. Jones Financial Companies Lllp's holdings in Crocs were worth $2,323,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Costello Asset Management INC acquired a new position in shares of Crocs during the 1st quarter valued at about $32,000. Larson Financial Group LLC raised its holdings in 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. purchased a new stake in Crocs in the 1st quarter valued at about $40,000. Brooklyn Investment Group purchased a new stake in Crocs in the 1st quarter valued at about $40,000. Finally, Salem Investment Counselors Inc. purchased a new stake in Crocs in the 1st quarter valued at about $53,000. Institutional investors and hedge funds own 93.44% of the company's stock.

Crocs Stock Performance

Shares of Crocs stock traded up $1.19 during trading hours on Wednesday, hitting $80.18. 692,002 shares of the company were exchanged, compared to its average volume of 1,796,292. Crocs, Inc. has a 1 year low of $73.76 and a 1 year high of $151.13. 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 business has a 50-day moving average of $91.91 and a 200-day moving average of $98.83. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 1.79 and a beta of 1.40.

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 (EPS) for the quarter, topping the consensus estimate of $4.01 by $0.22. The firm had revenue of $1.15 billion during 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%.Crocs's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.01 earnings per share. Crocs has set its Q3 2025 guidance at EPS. As a group, analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CROX shares. Stifel Nicolaus restated a "hold" rating and issued a $85.00 price objective (down from $127.00) on shares of Crocs in a report on Friday, August 8th. UBS Group cut their price target on shares of Crocs from $110.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, August 11th. Needham & Company LLC boosted their price target on shares of Crocs from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Barclays reiterated an "equal weight" rating and set a $81.00 price target (down from $119.00) on shares of Crocs in a research note on Friday, August 8th. Finally, Monness Crespi & Hardt cut their price target on shares of Crocs from $140.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.33.

Insiders Place Their Bets

In related news, EVP Susan L. Healy acquired 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were acquired at an average price of $76.56 per share, with a total value of $153,120.00. Following the completion of the purchase, the executive vice president directly owned 50,078 shares in the company, valued at approximately $3,833,971.68. The trade was a 4.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John B. Replogle acquired 3,261 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were bought at an average cost of $76.69 per share, for a total transaction of $250,086.09. Following the purchase, the director owned 15,417 shares of the company's stock, valued at approximately $1,182,329.73. The trade was a 26.83% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company's stock.

Crocs Company 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.