T. Rowe Price Investment Management Inc. Increases Holdings in 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. lifted its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 43.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 702,399 shares of the textile maker's stock after purchasing an additional 211,855 shares during the quarter. T. Rowe Price Investment Management Inc. owned 1.25% of Crocs worth $74,595,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Hsbc Holdings PLC raised its stake in Crocs by 25.0% during the first quarter. Hsbc Holdings PLC now owns 52,049 shares of the textile maker's stock worth $5,466,000 after acquiring an additional 10,394 shares in the last quarter. Andina Capital Management LLC bought a new position in Crocs in the first quarter valued at about $432,000. Fuller & Thaler Asset Management Inc. boosted its holdings in Crocs by 4.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,362,318 shares of the textile maker's stock valued at $144,678,000 after acquiring an additional 53,916 shares during the last quarter. Northern Trust Corp boosted its holdings in Crocs by 0.5% in the first quarter. Northern Trust Corp now owns 606,520 shares of the textile maker's stock valued at $64,412,000 after acquiring an additional 2,786 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in Crocs in the first quarter valued at about $40,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CROX. Monness Crespi & Hardt cut their target price on Crocs from $140.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. The Goldman Sachs Group dropped their target price on Crocs from $88.00 to $87.00 and set a "sell" rating on the stock in a research report on Tuesday, July 22nd. KeyCorp dropped their target price on Crocs from $120.00 to $95.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. UBS Group decreased their price target on Crocs from $110.00 to $85.00 and set a "neutral" rating for the company in a research note on Monday, August 11th. Finally, Bank of America reduced their target price on Crocs from $135.00 to $99.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Crocs has an average rating of "Moderate Buy" and an average price target of $104.42.

Insiders Place Their Bets

In other news, EVP Susan L. Healy acquired 2,000 shares of Crocs stock in a transaction that occurred on Tuesday, August 12th. The shares were acquired at an average price of $76.56 per share, for a total transaction of $153,120.00. Following the transaction, the executive vice president directly owned 50,078 shares of the company's stock, valued at approximately $3,833,971.68. The trade was a 4.16% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John B. Replogle bought 3,261 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average price of $76.69 per share, for a total transaction of $250,086.09. Following the transaction, the director owned 15,417 shares in the company, valued at $1,182,329.73. This represents a 26.83% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.72% of the company's stock.

Crocs Price Performance

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

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $4.23 earnings per share for the quarter, topping analysts' consensus estimates of $4.01 by $0.22. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Crocs had a return on equity of 44.15% and a net margin of 5.72%.Crocs's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.01 EPS. 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.