OMERS ADMINISTRATION Corp Grows Position in Crocs, Inc. $CROX

Key Points

• OMERS ADMINISTRATION Corp significantly increased its stake in Crocs, Inc. by 114.6%, acquiring an additional 8,596 shares in the first quarter, valuing its holdings at approximately $1.71 million.
• Several analysts have downgraded their price targets for Crocs, with Bank of America reducing its target from $135 to $99 while maintaining a "buy" rating, amidst a consensus rating of "Moderate Buy."
• Recent insider trading activity includes purchases by EVT Susan L. Healy and Director John B. Replogle, demonstrating confidence in Crocs' future, with both increasing their ownership positions substantially.

OMERS ADMINISTRATION Corp lifted its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 114.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,096 shares of the textile maker's stock after purchasing an additional 8,596 shares during the period. OMERS ADMINISTRATION Corp's holdings in Crocs were worth $1,709,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CROX. Costello Asset Management INC bought a new position in Crocs during the 1st quarter worth about $32,000. Larson Financial Group LLC grew its holdings in Crocs by 541.8% during the 1st quarter. Larson Financial Group LLC now owns 353 shares of the textile maker's stock worth $37,000 after acquiring an additional 298 shares in the last quarter. IMA Advisory Services Inc. bought a new stake in shares of Crocs in the 1st quarter valued at about $40,000. Brooklyn Investment Group bought a new stake in shares of Crocs in the 1st quarter valued at about $40,000. Finally, Salem Investment Counselors Inc. bought a new stake in shares of Crocs in the 1st quarter valued at about $53,000. 93.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Crocs

In related news, Director John B. Replogle purchased 3,261 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was bought at an average price 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 $1,182,329.73. The trade was a 26.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Susan L. Healy purchased 2,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was bought at an average cost of $76.56 per share, with a total value 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 represents a 4.16% increase in their position. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Monness Crespi & Hardt lowered their price target on shares of Crocs from $140.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Barclays restated an "equal weight" rating and issued a $81.00 price target (down from $119.00) on shares of Crocs in a report on Friday, August 8th. Bank of America lowered their target price on shares of Crocs from $135.00 to $99.00 and set a "buy" rating for the company in a research note on Friday, August 8th. UBS Group lowered their target price on shares of Crocs from $110.00 to $85.00 and set a "neutral" rating for the company in a research note on Monday, August 11th. Finally, KeyCorp lowered their target price on shares of Crocs from $120.00 to $95.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Crocs presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.33.

Crocs Price Performance

NASDAQ CROX traded up $1.88 on Thursday, hitting $88.66. The company had a trading volume of 902,229 shares, compared to its average volume of 1,789,585. The company has a market capitalization of $4.84 billion, a PE ratio of 23.77, a PEG ratio of 2.01 and a beta of 1.40. The company's fifty day moving average price is $96.00 and its 200-day moving average price is $100.33. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.54 and a quick ratio of 0.97. Crocs, Inc. has a 12-month low of $73.76 and a 12-month high of $151.13.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The textile maker reported $4.23 EPS for the quarter, topping the consensus estimate of $4.01 by $0.22. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Crocs had a net margin of 5.72% and a return on equity of 44.15%. The firm's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.01 EPS. Crocs has set its Q3 2025 guidance at EPS. As a group, analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current year.

Crocs Profile

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.