Jupiter Topco LLC Acquires New Position in Crocs, Inc. $CROX

Key Points

• Jupiter Topco LLC acquired 19,911 Crocs shares worth approximately $2.4 million in the second quarter. Institutional investors collectively own 93.44% of CROX.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $139.10; several firms recently raised their targets to between $150 and $163.
• Crocs beat quarterly expectations with $4.55 earnings per share and $1.18 billion in revenue, while revenue increased 2.6% year over year. However, CEO Andrew Rees sold 19,072 shares for about $2.65 million, and insiders have sold roughly $8.0 million in stock over the past 90 days.

Jupiter Topco LLC bought a new position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,911 shares of the textile maker's stock, valued at approximately $2,403,000.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Crocs in the second quarter worth $561,223,000. LSV Asset Management lifted its stake in shares of Crocs by 33.1% during the 4th quarter. LSV Asset Management now owns 1,474,037 shares of the textile maker's stock valued at $126,060,000 after buying an additional 366,537 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Crocs by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,447,096 shares of the textile maker's stock valued at $123,760,000 after buying an additional 11,630 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Crocs by 399.0% in the 3rd quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker's stock worth $105,841,000 after buying an additional 1,012,943 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in Crocs by 5.8% in the 2nd quarter. Alliancebernstein L.P. now owns 1,180,405 shares of the textile maker's stock worth $119,551,000 after buying an additional 64,672 shares during the period. Hedge funds and other institutional investors own 93.44% of the company's stock.

Wall Street Analyst Weigh In

CROX has been the subject of a number of analyst reports. Needham & Company LLC increased their price target on Crocs from $132.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Bank of America upped their price objective on Crocs from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Robert W. Baird set a $163.00 target price on Crocs in a research note on Friday, July 31st. Scotiabank started coverage on Crocs in a report on Monday, June 8th. They issued an "outperform" rating on the stock. Finally, Stifel Nicolaus upped their price target on Crocs from $105.00 to $125.00 and gave the stock a "hold" rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $139.10.

Crocs Stock Up 0.4%

Shares of CROX opened at $115.79 on Thursday. The firm has a fifty day moving average price of $128.94 and a 200-day moving average price of $110.47. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $5.55 billion, a P/E ratio of 10.01, a P/E/G ratio of 0.96 and a beta of 1.52. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $141.28.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, beating analysts' consensus estimates of $4.35 by $0.20. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The firm's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted ($8.82) EPS. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Equities research analysts expect that Crocs, Inc. will post 13.95 earnings per share for the current year.

Insider Buying and Selling at Crocs

In related news, CEO Andrew Rees sold 19,072 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $138.91, for a total value of $2,649,291.52. Following the completion of the sale, the chief executive officer owned 713,293 shares in the company, valued at approximately $99,083,530.63. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 62,688 shares of company stock worth $8,014,859 over the last ninety days. Insiders own 3.10% of the company's stock.

About Crocs

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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