Oldfield Partners LLP Purchases New Position in Crocs, Inc. $CROX

Key Points

• Oldfield Partners LLP initiated a 20,301-share Crocs position worth approximately $2.45 million, making CROX its seventh-largest holding at 0.6% of the portfolio. Institutional investors collectively own 93.44% of Crocs.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $139.10; Bank of America recently raised its target to $160.
• Crocs exceeded quarterly expectations, reporting $4.55 in EPS versus the $4.35 consensus and $1.18 billion in revenue, up 2.6% year over year. CEO Andrew Rees, however, sold 32,688 shares for approximately $3.86 million.

Oldfield Partners LLP purchased a new stake in Crocs, Inc. (NASDAQ:CROX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,301 shares of the textile maker's stock, valued at approximately $2,449,000. Crocs accounts for approximately 0.6% of Oldfield Partners LLP's portfolio, making the stock its 7th biggest position.

Several other hedge funds have also bought and sold shares of CROX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Crocs by 159.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker's stock valued at $79,000 after purchasing an additional 459 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Crocs by 4.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 211,305 shares of the textile maker's stock valued at $22,441,000 after purchasing an additional 8,331 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Crocs by 278.1% during the second quarter. EverSource Wealth Advisors LLC now owns 862 shares of the textile maker's stock worth $87,000 after buying an additional 634 shares in the last quarter. First Trust Advisors LP boosted its holdings in Crocs by 14.3% during the second quarter. First Trust Advisors LP now owns 112,217 shares of the textile maker's stock worth $11,365,000 after buying an additional 14,067 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Crocs during the second quarter valued at $6,290,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on CROX shares. Williams Trading set a $150.00 price objective on shares of Crocs in a research report on Tuesday, June 9th. Piper Sandler restated an "overweight" rating on shares of Crocs in a research report on Friday, July 31st. Wells Fargo & Company assumed coverage on Crocs in a research report on Monday, June 8th. They set a "buy" rating on the stock. Bank of America lifted their price target on Crocs from $145.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft started coverage on Crocs in a research report on Monday, June 8th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $139.10.

Insiders Place Their Bets

In related news, CEO Andrew Rees sold 32,688 shares of the firm's stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $118.09, for a total value of $3,860,125.92. Following the transaction, the chief executive officer directly owned 743,293 shares of the company's stock, valued at approximately $87,775,470.37. This trade represents a 4.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 62,688 shares of company stock valued at $8,014,859. Company insiders own 3.10% of the company's stock.

Crocs Price Performance

Shares of NASDAQ CROX opened at $130.61 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49. The firm has a fifty day moving average of $128.81 and a 200 day moving average of $106.39. The firm has a market cap of $6.26 billion, a PE ratio of 11.29, a PEG ratio of 1.10 and a beta of 1.53. Crocs, Inc. has a one year low of $73.21 and a one year high of $141.28.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $0.20. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the firm posted ($8.82) earnings per share. The company's revenue was up 2.6% compared to the same quarter last year. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. As a group, research analysts predict that Crocs, Inc. will post 13.96 EPS for the current fiscal year.

Crocs 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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