Russell Investments Group Ltd. Purchases 12,855 Shares of Crocs, Inc. $CROX

Key Points

• Russell Investments Group Ltd. increased its holdings in Crocs, Inc. by 47.3%, acquiring an additional 12,855 shares during the first quarter, bringing its total to approximately $4.25 million.
• Institutional investors now own 93.44% of Crocs' stock, indicating strong support from the investment community.
• Several analysts have recently lowered their price targets for Crocs, with the consensus now set at $104.42, reflecting a cautious outlook despite an average rating of "Moderate Buy."

Russell Investments Group Ltd. raised its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 47.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,027 shares of the textile maker's stock after purchasing an additional 12,855 shares during the period. Russell Investments Group Ltd. owned about 0.07% of Crocs worth $4,251,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in Crocs by 4.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,136 shares of the textile maker's stock valued at $333,000 after acquiring an additional 126 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Crocs by 26.5% in the 1st quarter. Parallel Advisors LLC now owns 630 shares of the textile maker's stock valued at $67,000 after purchasing an additional 132 shares during the period. Wedbush Securities Inc. increased its holdings in shares of Crocs by 5.5% in the 1st quarter. Wedbush Securities Inc. now owns 2,591 shares of the textile maker's stock valued at $275,000 after purchasing an additional 135 shares during the period. ProShare Advisors LLC increased its holdings in Crocs by 5.3% in the fourth quarter. ProShare Advisors LLC now owns 2,726 shares of the textile maker's stock worth $299,000 after buying an additional 137 shares during the last quarter. Finally, Whipplewood Advisors LLC increased its holdings in Crocs by 20.9% in the first quarter. Whipplewood Advisors LLC now owns 1,064 shares of the textile maker's stock worth $113,000 after buying an additional 184 shares during the last quarter. Institutional investors own 93.44% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. KeyCorp dropped their price objective on Crocs from $120.00 to $95.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Barclays restated an "equal weight" rating and issued a $81.00 price objective (down previously from $119.00) on shares of Crocs in a report on Friday, August 8th. The Goldman Sachs Group dropped their price objective on Crocs from $88.00 to $87.00 and set a "sell" rating on the stock in a report on Tuesday, July 22nd. UBS Group dropped their price objective on Crocs from $110.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, August 11th. Finally, Stifel Nicolaus restated a "hold" rating and issued a $85.00 price objective (down previously from $127.00) on shares of Crocs in a report on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Crocs presently has an average rating of "Moderate Buy" and a consensus price target of $104.42.

Insider Activity at Crocs

In other news, Director John B. Replogle bought 3,261 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was acquired at an average cost of $76.69 per share, for a total transaction of $250,086.09. Following the completion of the purchase, the director owned 15,417 shares of the company's stock, valued at $1,182,329.73. This trade represents a 26.83% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Susan L. Healy bought 2,000 shares of Crocs stock in a transaction that occurred on Tuesday, August 12th. The stock was purchased at an average cost of $76.56 per share, with a total value of $153,120.00. Following the completion of the transaction, the executive vice president owned 50,078 shares of the company's stock, valued at $3,833,971.68. This trade represents a 4.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by corporate insiders.

Crocs Stock Performance

Crocs stock traded down $0.27 during trading hours on Monday, reaching $86.29. 1,261,367 shares of the company were exchanged, compared to its average volume of 2,989,871. Crocs, Inc. has a 12 month low of $73.76 and a 12 month high of $151.13. The company has a current ratio of 1.54, a quick ratio of 0.97 and a debt-to-equity ratio of 0.97. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 1.99 and a beta of 1.41. The stock has a 50-day moving average of $97.69 and a 200 day moving average of $100.87.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The textile maker reported $4.23 earnings per share for the quarter, beating 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 company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the prior year, the business earned $4.01 earnings per share. Crocs's revenue for the quarter was up 3.4% compared to the same quarter last year. Crocs has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current year.

Crocs Company 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.