Tidal Investments LLC Sells 11,469 Shares of Crocs, Inc. $CROX

Key Points

• Tidal Investments reduced its Crocs stake by 37%, selling 11,469 shares and retaining 19,514 shares valued at approximately $2.35 million. Institutional investors collectively own 93.44% of Crocs.
• Analysts maintain a generally positive view, with Crocs carrying a “Moderate Buy” consensus rating and an average price target of $139.10. Price targets include Bank of America’s increase to $160.
• Crocs exceeded quarterly expectations with adjusted EPS of $4.55 versus the $4.35 consensus and revenue of $1.18 billion. Director Beth Kaplan bought shares, while CEO Andrew Rees sold 19,072 shares.

Tidal Investments LLC trimmed its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 37.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,514 shares of the textile maker's stock after selling 11,469 shares during the period. Tidal Investments LLC's holdings in Crocs were worth $2,354,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CROX. WINTON GROUP Ltd acquired a new stake in shares of Crocs in the 2nd quarter valued at $1,556,000. Engineers Gate Manager LP increased its position in Crocs by 270.6% during the second quarter. Engineers Gate Manager LP now owns 9,872 shares of the textile maker's stock worth $1,191,000 after buying an additional 7,208 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Crocs during the second quarter worth $97,000. Baird Financial Group Inc. raised its holdings in Crocs by 450.1% during the second quarter. Baird Financial Group Inc. now owns 166,345 shares of the textile maker's stock valued at $20,068,000 after buying an additional 136,106 shares in the last quarter. Finally, Nykredit A S bought a new position in Crocs during the second quarter valued at about $263,000. Institutional investors and hedge funds own 93.44% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CROX shares. Piper Sandler reaffirmed an "overweight" rating on shares of Crocs in a research report on Friday, July 31st. Bank of America raised their price objective on Crocs from $145.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Wells Fargo & Company initiated coverage on Crocs in a report on Monday, June 8th. They issued a "buy" rating for the company. Stifel Nicolaus upped their target price on Crocs from $105.00 to $125.00 and gave the stock a "hold" rating in a research report on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Crocs in a research report on Monday, June 8th. They set a "buy" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Crocs has an average rating of "Moderate Buy" and an average price target of $139.10.

Insider Activity at Crocs

In other Crocs news, Director Beth Kaplan bought 885 shares of the stock in a transaction on Tuesday, September 15th. The shares were purchased at an average price of $112.12 per share, with a total value of $99,226.20. Following the acquisition, the director directly owned 15,259 shares of the company's stock, valued at $1,710,839.08. This represents a 6.16% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew Rees sold 19,072 shares of Crocs stock in a transaction that occurred on 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 directly owned 713,293 shares in the company, valued at approximately $99,083,530.63. This represents a 2.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.10% of the stock is owned by corporate insiders.

Crocs Stock Up 3.5%

Crocs stock opened at $115.40 on Thursday. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 0.93 and a beta of 1.52. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $141.28. The firm has a fifty day moving average price of $126.86 and a two-hundred day moving average price of $111.65.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $0.20. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The firm's revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business posted ($8.82) earnings per share. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. As a group, analysts forecast that Crocs, Inc. will post 13.95 earnings per share for the current year.

Crocs Profile

Crocs, Inc is a global footwear company best known for its lightweight, molded clogs made from proprietary Croslite material. The company designs, manufactures, markets and distributes casual footwear, sandals, boots, slippers and accessories under the Crocs brand, including customizable Jibbitz charms.

Founded in 2002, Crocs has expanded its product range beyond its original clog design to offer footwear for women, men and children. In 2022, the company acquired HEYDUDE, a casual footwear brand known for lightweight shoes, loafers and slip-ons.

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