Tweedy Browne Co LLC Acquires New Shares in Crocs, Inc. $CROX

Key Points

• Tweedy Browne Co LLC has acquired a new position in Crocs, Inc. with 3,771 shares valued at approximately $382,000 in the second quarter.
• Crocs reported $4.23 earnings per share for the last quarter, exceeding analysts' expectations and showing a 3.4% revenue increase year-over-year.
• Institutional investors currently hold 93.44% of Crocs' stock, indicating strong institutional confidence in the company's prospects.

Tweedy Browne Co LLC acquired a new position in Crocs, Inc. (NASDAQ:CROX - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,771 shares of the textile maker's stock, valued at approximately $382,000.

Several other institutional investors also recently bought and sold shares of the stock. Motley Fool Wealth Management LLC boosted its stake in shares of Crocs by 82.6% during the 1st quarter. Motley Fool Wealth Management LLC now owns 101,978 shares of the textile maker's stock worth $10,830,000 after acquiring an additional 46,124 shares in the last quarter. Entropy Technologies LP acquired a new stake in Crocs in the 1st quarter worth approximately $905,000. Intech Investment Management LLC lifted its holdings in Crocs by 60.4% in the 1st quarter. Intech Investment Management LLC now owns 49,641 shares of the textile maker's stock worth $5,272,000 after purchasing an additional 18,697 shares during the last quarter. Versor Investments LP bought a new stake in Crocs during the first quarter worth approximately $1,275,000. Finally, Baird Financial Group Inc. grew its holdings in Crocs by 4.8% during the first quarter. Baird Financial Group Inc. now owns 251,230 shares of the textile maker's stock valued at $26,681,000 after purchasing an additional 11,397 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Crocs Stock Up 0.4%

Shares of CROX opened at $83.15 on Friday. 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 50-day simple moving average of $82.51 and a 200-day simple moving average of $95.38. Crocs, Inc. has a 52 week low of $73.76 and a 52 week high of $139.96. The firm has a market capitalization of $4.54 billion, a P/E ratio of 22.29, a P/E/G ratio of 1.91 and a beta of 1.43.

Crocs (NASDAQ:CROX - Get Free Report) last released its earnings results 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. Crocs had a return on equity of 44.15% and a net margin of 5.72%.The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the business earned $4.01 earnings per share. The firm'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. On average, equities research analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Susan L. Healy purchased 2,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were acquired at an average cost of $76.56 per share, with a total value of $153,120.00. Following the completion of the purchase, the executive vice president directly 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 purchase 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 company's stock in a transaction dated Friday, August 8th. The shares were purchased at an average price of $76.69 per share, with a total value of $250,086.09. Following the transaction, the director owned 15,417 shares of the company's stock, valued at $1,182,329.73. The trade was a 26.83% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CROX. Bank of America reduced their price objective on shares of Crocs from $135.00 to $99.00 and set a "buy" rating for the company in a research note on Friday, August 8th. UBS Group dropped their target price on shares of Crocs from $110.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, August 11th. The Goldman Sachs Group decreased their price target on shares of Crocs from $88.00 to $87.00 and set a "sell" rating for the company in a report on Tuesday, July 22nd. KeyCorp lowered their price target on Crocs from $120.00 to $95.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Finally, Citigroup lowered Crocs to a "negative" rating in a research note on Tuesday, October 7th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Crocs presently has an average rating of "Hold" and a consensus target price of $102.00.

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.

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