Livforsakringsbolaget Skandia Omsesidigt Boosts Stock Position in Crocs, Inc. $CROX

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Crocs, Inc. by 21.5%, acquiring an additional 4,100 shares to total 23,200 shares worth approximately $2.35 million.
• Several other institutional investors, such as Motley Fool Wealth Management LLC and Baird Financial Group Inc., also increased their holdings, contributing to a total institutional ownership of 93.44% of Crocs' stock.
• Crocs recently reported earnings of $4.23 per share, exceeding expectations and showing a revenue increase of 3.4% year-over-year, with guidance for the current fiscal year indicating potential for further growth.

Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 21.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,200 shares of the textile maker's stock after buying an additional 4,100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Crocs were worth $2,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. grew its holdings in Crocs by 4.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,362,318 shares of the textile maker's stock valued at $144,678,000 after buying an additional 53,916 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Crocs by 10.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,154,676 shares of the textile maker's stock valued at $122,608,000 after purchasing an additional 108,076 shares during the period. Alliancebernstein L.P. raised its position in Crocs by 15.4% in the first quarter. Alliancebernstein L.P. now owns 1,115,733 shares of the textile maker's stock valued at $118,491,000 after purchasing an additional 148,964 shares during the period. LSV Asset Management increased 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 valued at $93,484,000 after acquiring an additional 566,847 shares during the last quarter. Finally, New Vernon Capital Holdings II LLC increased 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 valued at $76,389,000 after acquiring an additional 712,520 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CROX. UBS Group decreased their price objective on shares of Crocs from $110.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, August 11th. Barclays reaffirmed an "equal weight" rating and issued a $81.00 price objective (down previously from $119.00) on shares of Crocs in a research report on Friday, August 8th. Piper Sandler downgraded shares of Crocs from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $95.00 to $75.00 in a research report on Monday. KeyCorp reduced their price target on Crocs from $120.00 to $95.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Finally, Needham & Company LLC raised their price objective on Crocs from $89.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $102.00.

Crocs Stock Up 3.5%

CROX stock traded up $2.72 on Tuesday, hitting $79.86. 654,583 shares of the company's stock were exchanged, compared to its average volume of 1,813,256. Crocs, Inc. has a 12-month low of $73.76 and a 12-month high of $151.13. The firm has a 50 day moving average price of $89.95 and a two-hundred day moving average price of $98.21. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.97 and a current ratio of 1.54. The stock has a market cap of $4.36 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 1.85 and a beta of 1.40.

Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results on Thursday, August 7th. The textile maker reported $4.23 earnings per share (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 analyst estimates of $1.15 billion. During the same quarter last year, the business posted $4.01 EPS. The firm's quarterly revenue was up 3.4% on a year-over-year basis. Crocs has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director John B. Replogle acquired 3,261 shares of Crocs stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Susan L. Healy purchased 2,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were bought at an average price of $76.56 per share, for a total transaction of $153,120.00. Following the acquisition, the executive vice president 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 disclosure for this purchase can be found here. Company insiders own 2.72% of the company's stock.

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.