M&T Bank Corp Makes New $1.43 Million Investment in Crocs, Inc. $CROX

Key Points

• M&T Bank Corp bought a new Q4 position of 16,523 shares of Crocs, valued at about $1.43 million.
• Institutional investors own 93.44% of Crocs, with major moves including AQR boosting its stake by 399% to roughly 1.27 million shares and several other large firms adding or initiating positions.
• Analysts are mixed with a consensus Hold and $102.73 price target; Crocs beat Q4 EPS ($2.29 vs. $1.92) and revenue but revenue was down 3.3% YoY, the stock trades near $100, and management guided FY2026 EPS of 12.88–13.35.

M&T Bank Corp purchased a new position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,523 shares of the textile maker's stock, valued at approximately $1,430,000.

Several other large investors also recently bought and sold shares of the stock. AQR Capital Management LLC boosted its position in shares of Crocs by 399.0% during the 3rd quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker's stock worth $105,841,000 after acquiring an additional 1,012,943 shares in the last quarter. Smead Capital Management Inc. acquired a new position in shares of Crocs during the 3rd quarter worth about $52,978,000. American Century Companies Inc. boosted its position in shares of Crocs by 144.4% during the 3rd quarter. American Century Companies Inc. now owns 717,402 shares of the textile maker's stock worth $59,939,000 after acquiring an additional 423,817 shares in the last quarter. Voss Capital LP boosted its position in shares of Crocs by 65.2% during the 3rd quarter. Voss Capital LP now owns 665,000 shares of the textile maker's stock worth $55,561,000 after acquiring an additional 262,500 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Crocs during the 3rd quarter worth about $16,710,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Needham & Company LLC upped their price objective on Crocs from $118.00 to $132.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. The Goldman Sachs Group upped their price objective on Crocs from $71.00 to $81.00 and gave the stock a "sell" rating in a research report on Friday, February 13th. Barclays upped their price objective on Crocs from $86.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Friday, February 13th. Stifel Nicolaus upped their price objective on Crocs from $90.00 to $99.00 and gave the stock a "hold" rating in a research report on Friday, February 13th. Finally, UBS Group upped their price objective on Crocs from $85.00 to $97.00 and gave the stock a "neutral" rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Crocs presently has an average rating of "Hold" and a consensus price target of $102.73.

Crocs Stock Down 2.3%

Shares of NASDAQ CROX opened at $100.14 on Thursday. The stock has a market cap of $5.01 billion, a PE ratio of -79.48, a price-to-earnings-growth ratio of 1.20 and a beta of 1.54. The company has a quick ratio of 0.74, a current ratio of 1.27 and a debt-to-equity ratio of 0.95. Crocs, Inc. has a 52-week low of $73.21 and a 52-week high of $122.84. The business has a 50-day moving average price of $90.59 and a 200 day moving average price of $87.00.

Crocs (NASDAQ:CROX - Get Free Report) last announced its earnings results on Thursday, February 12th. The textile maker reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.92 by $0.37. The firm had revenue of $957.64 million during the quarter, compared to analysts' expectations of $916.16 million. Crocs had a positive return on equity of 45.17% and a negative net margin of 2.01%.The business's revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.52 EPS. Crocs has set its FY 2026 guidance at 12.880-13.350 EPS and its Q1 2026 guidance at 2.670-2.770 EPS. Equities research analysts forecast that Crocs, Inc. will post 13.38 earnings per share for the current year.

Insider Activity

In related news, EVP Anne Mehlman sold 12,145 shares of the company's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $100.06, for a total value of $1,215,228.70. Following the completion of the sale, the executive vice president directly owned 131,112 shares of the company's stock, valued at $13,119,066.72. This represents a 8.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by company insiders.

Crocs Company Profile

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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