Optimize Financial Inc Has $757,000 Holdings in Crocs, Inc. $CROX

Key Points

• Optimize Financial Inc increased its stake in Crocs, Inc. by 73.5%, acquiring an additional 3,020 shares during the first quarter, bringing its total holdings to 7,128 shares worth approximately $757,000.
• Director John B. Replogle purchased 3,261 shares of Crocs at an average price of $76.69 per share, reflecting a 26.83% increase in his position.
• Despite a recent earnings beat, several analysts have lowered their price targets for Crocs, with a current consensus target price of $105.33 and a rating of "Moderate Buy".

Optimize Financial Inc raised its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 73.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,128 shares of the textile maker's stock after purchasing an additional 3,020 shares during the quarter. Optimize Financial Inc's holdings in Crocs were worth $757,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Costello Asset Management INC bought a new position in Crocs in the first quarter valued at about $32,000. Larson Financial Group LLC raised its position in Crocs by 541.8% in the first quarter. Larson Financial Group LLC now owns 353 shares of the textile maker's stock valued at $37,000 after purchasing an additional 298 shares during the last quarter. IMA Advisory Services Inc. bought a new position in Crocs in the first quarter valued at about $40,000. Brooklyn Investment Group bought a new position in Crocs in the first quarter valued at about $40,000. Finally, Salem Investment Counselors Inc. bought a new position in Crocs in the first quarter valued at about $53,000. 93.44% of the stock is currently owned by institutional investors.

Insider Activity at Crocs

In other Crocs news, EVP Susan L. Healy bought 2,000 shares of the firm's stock in a transaction that occurred 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 completion of the purchase, the executive vice president directly owned 50,078 shares of the company's stock, valued at approximately $3,833,971.68. This trade represents a 4.16% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John B. Replogle bought 3,261 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average cost of $76.69 per share, with a total value of $250,086.09. Following the purchase, the director directly owned 15,417 shares of the company's stock, valued at $1,182,329.73. This trade represents a 26.83% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CROX. Needham & Company LLC increased their target price on Crocs from $89.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, August 29th. The Goldman Sachs Group dropped 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. KeyCorp decreased their price target on Crocs from $120.00 to $95.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Bank of America cut their price objective on Crocs from $135.00 to $99.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Finally, UBS Group decreased their target price 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. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Crocs presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.33.

Crocs Trading Down 4.3%

Shares of NASDAQ CROX traded down $3.52 during midday trading on Friday, reaching $77.43. The stock had a trading volume of 2,712,591 shares, compared to its average volume of 1,649,321. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 1.86 and a beta of 1.40. Crocs, Inc. has a twelve month low of $73.76 and a twelve month high of $151.13. 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 company's 50 day moving average price is $93.04 and its 200 day moving average price is $99.13.

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