T. Rowe Price Investment Management Inc. Acquires 211,855 Shares of Crocs, Inc. $CROX

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Crocs, Inc. by 43.2%, holding about 1.25% of the company with a total value of $74,595,000.
• Crocs has seen significant involvement from various hedge funds, with 93.44% of the stock owned by institutional investors, suggesting strong market confidence.
• Recent analyst ratings for Crocs have varied, with price target reductions and mixed ratings, but the consensus remains a "Moderate Buy" with an average target price of $104.42.

T. Rowe Price Investment Management Inc. increased its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 43.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 702,399 shares of the textile maker's stock after acquiring an additional 211,855 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 1.25% of Crocs worth $74,595,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Costello Asset Management INC bought a new stake in shares of Crocs in the 1st quarter valued at approximately $32,000. Larson Financial Group LLC increased its stake in Crocs by 541.8% during 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. acquired a new stake in shares of Crocs during the first quarter worth $40,000. Brooklyn Investment Group bought a new position in shares of Crocs in the 1st quarter worth about $40,000. Finally, Salem Investment Counselors Inc. acquired a new position in shares of Crocs in the 1st quarter valued at about $53,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CROX shares. KeyCorp cut their price target on Crocs from $120.00 to $95.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Monness Crespi & Hardt lowered their price target on shares of Crocs from $140.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, August 8th. UBS Group lowered their price target on Crocs from $110.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, August 11th. Stifel Nicolaus restated a "hold" rating and issued a $85.00 target price (down from $127.00) on shares of Crocs in a report on Friday, August 8th. Finally, Needham & Company LLC reduced their target price on Crocs from $129.00 to $89.00 and set a "buy" rating for the company in a report on Thursday, August 7th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $104.42.

Insider Activity

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 purchased 2,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was bought at an average price of $76.56 per share, for a total transaction of $153,120.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.00% of the company's stock.

Crocs Stock Down 0.7%

Shares of Crocs stock traded down $0.64 during midday trading on Thursday, reaching $85.99. 512,937 shares of the company's stock traded hands, compared to its average volume of 1,780,040. 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 has a market cap of $4.70 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.41. Crocs, Inc. has a 52 week low of $73.76 and a 52 week high of $151.13. The company's 50 day simple moving average is $97.11 and its 200 day simple moving average is $100.67.

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