Public Employees Retirement System of Ohio Makes New $1.66 Million Investment in Crocs, Inc. $CROX

Key Points

• Public Employees Retirement System of Ohio purchased 13,782 Crocs shares worth approximately $1.66 million, while institutional investors collectively own 93.44% of the company.
• Analysts maintain a “Moderate Buy” consensus on CROX, with an average price target of $139.10; individual targets range as high as $163.
• Crocs beat quarterly expectations with $4.55 in EPS and $1.18 billion in revenue, while CEO Andrew Rees sold 19,072 shares for approximately $2.65 million.

Public Employees Retirement System of Ohio bought a new position in Crocs, Inc. (NASDAQ:CROX - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 13,782 shares of the textile maker's stock, valued at approximately $1,663,000.

A number of other large investors have also recently modified their holdings of CROX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Crocs by 159.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker's stock worth $79,000 after buying an additional 459 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Crocs by 4.1% during 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 worth $22,441,000 after acquiring an additional 8,331 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Crocs by 278.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 862 shares of the textile maker's stock worth $87,000 after acquiring an additional 634 shares during the period. First Trust Advisors LP raised its position in shares of Crocs by 14.3% in the 2nd quarter. First Trust Advisors LP now owns 112,217 shares of the textile maker's stock worth $11,365,000 after acquiring an additional 14,067 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Crocs in the 2nd quarter worth approximately $6,290,000. Institutional investors own 93.44% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CROX. Robert W. Baird set a $163.00 target price on Crocs in a research note on Friday, July 31st. Wedbush began coverage on Crocs in a report on Monday, June 8th. They issued an "outperform" rating for the company. Williams Trading set a $150.00 price objective on Crocs in a research report on Tuesday, June 9th. Barclays boosted their target price on shares of Crocs from $110.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, July 31st. Finally, Bank of America upped their target price on shares of Crocs from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $139.10.

Crocs Stock Performance

Crocs stock opened at $117.53 on Tuesday. Crocs, Inc. has a twelve month low of $73.21 and a twelve month high of $141.28. The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $5.63 billion, a P/E ratio of 10.16, a PEG ratio of 0.98 and a beta of 1.52. The stock's 50 day moving average is $128.52 and its 200 day moving average is $110.87.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.35 by $0.20. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The business had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the previous year, the business earned ($8.82) earnings per share. The firm's quarterly 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. On average, equities research analysts predict that Crocs, Inc. will post 13.95 earnings per share for the current fiscal year.

Insider Buying and Selling at Crocs

In other news, CEO Andrew Rees sold 19,072 shares of Crocs stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $138.91, for a total value of $2,649,291.52. Following the completion of the transaction, the chief executive officer owned 713,293 shares of the company's stock, valued at $99,083,530.63. The trade was a 2.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is owned by 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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