Legacy Advisory Services LLC Takes Position in Crocs, Inc. $CROX

Key Points

• Legacy Advisory Services LLC has acquired a new stake in Crocs, Inc. worth approximately $429,000, purchasing 4,041 shares during the first quarter.
• Crocs reported earnings of $4.23 per share for the last quarter, exceeding analysts' expectations, with revenue of $1.15 billion.
• Insider buying activity has increased, with Director John B. Replogle purchasing 3,261 shares at an average price of $76.69 per share.

Legacy Advisory Services LLC bought a new position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,041 shares of the textile maker's stock, valued at approximately $429,000.

Several other institutional investors have also added to or reduced their stakes in CROX. New Vernon Capital Holdings II LLC boosted its stake in Crocs by 10,520.0% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 719,293 shares of the textile maker's stock valued at $76,389,000 after purchasing an additional 712,520 shares during the period. LSV Asset Management boosted its stake in Crocs by 180.9% in the 1st quarter. LSV Asset Management now owns 880,260 shares of the textile maker's stock valued at $93,484,000 after purchasing an additional 566,847 shares during the period. Nuveen LLC bought a new stake in Crocs in the 1st quarter valued at $25,957,000. T. Rowe Price Investment Management Inc. boosted its stake in Crocs by 43.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 702,399 shares of the textile maker's stock valued at $74,595,000 after purchasing an additional 211,855 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Crocs by 670.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 214,948 shares of the textile maker's stock valued at $23,459,000 after purchasing an additional 187,051 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Insider Transactions at Crocs

In other news, EVP Susan L. Healy bought 2,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was acquired at an average price of $76.56 per share, with a total value of $153,120.00. Following the acquisition, the executive vice president directly owned 50,078 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director John B. Replogle bought 3,261 shares of the stock in a transaction on Friday, August 8th. The stock was purchased at an average cost of $76.69 per share, with a total value of $250,086.09. Following the acquisition, the director owned 15,417 shares in the company, valued at approximately $1,182,329.73. This 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 corporate insiders.

Crocs Price Performance

Shares of Crocs stock traded down $3.52 during trading on Friday, reaching $77.43. 2,712,591 shares of the company's stock were exchanged, compared to its average volume of 1,794,906. 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, Inc. has a 1-year low of $73.76 and a 1-year high of $151.13. The company has a market cap of $4.23 billion, a P/E ratio of 20.76, a PEG ratio of 1.87 and a beta of 1.40. The firm's 50-day moving average price is $93.64 and its 200 day moving average price is $99.35.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly 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 return on equity of 44.15% and a net margin of 5.72%.The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the previous year, the firm earned $4.01 EPS. Crocs's revenue was up 3.4% on a year-over-year basis. Crocs has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Needham & Company LLC boosted their price target on Crocs from $89.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, August 29th. The Goldman Sachs Group cut their target price on Crocs from $88.00 to $87.00 and set a "sell" rating for the company in a research report on Tuesday, July 22nd. Stifel Nicolaus reiterated a "hold" rating and set a $85.00 target price (down from $127.00) on shares of Crocs in a research report on Friday, August 8th. KeyCorp cut their target price on Crocs from $120.00 to $95.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Finally, Barclays reiterated an "equal weight" rating and set a $81.00 target price (down from $119.00) on shares of Crocs in a research report 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $105.33.

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.