United Services Automobile Association Buys Shares of 3,602 Crocs, Inc. $CROX

Key Points

• The United Services Automobile Association invested approximately $382,000 in Crocs, Inc., acquiring 3,602 shares in the first quarter of the year.
• Several hedge funds significantly increased their stakes in Crocs, with New Vernon Capital Holdings boosting its position by 10,520% during the same period.
• Crocs reported a quarterly EPS of $4.23, exceeding analysts' expectations and marking a 3.4% year-over-year revenue growth.

United Services Automobile Association bought a new position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,602 shares of the textile maker's stock, valued at approximately $382,000.

Other institutional investors have also recently made changes to their positions in the company. Costello Asset Management INC purchased a new stake in shares of Crocs during the first quarter worth $32,000. Larson Financial Group LLC raised its position in shares of Crocs by 541.8% in the first quarter. Larson Financial Group LLC now owns 353 shares of the textile maker's stock worth $37,000 after buying an additional 298 shares in the last quarter. IMA Advisory Services Inc. purchased a new stake in shares of Crocs in the first quarter worth $40,000. Brooklyn Investment Group purchased a new stake in shares of Crocs in the first quarter worth $40,000. Finally, Salem Investment Counselors Inc. purchased a new stake in shares of Crocs in the first quarter worth $53,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insider Buying and Selling

In other news, Director John B. Replogle acquired 3,261 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The stock was bought at an average cost of $76.69 per share, for a total transaction of $250,086.09. Following the acquisition, the director directly owned 15,417 shares in the company, valued at approximately $1,182,329.73. The trade was a 26.83% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Susan L. Healy acquired 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was purchased at an average price of $76.56 per share, with a total value of $153,120.00. Following the completion of the acquisition, the executive vice president owned 50,078 shares in the company, valued at $3,833,971.68. The trade was 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 owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CROX. Stifel Nicolaus reiterated a "hold" rating and issued a $85.00 price objective (down previously from $127.00) on shares of Crocs in a research report on Friday, August 8th. Monness Crespi & Hardt lowered their price objective on Crocs from $140.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Needham & Company LLC increased their price objective on Crocs from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Bank of America lowered their price objective on Crocs from $135.00 to $99.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Finally, KeyCorp lowered their price objective on Crocs from $120.00 to $95.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $105.33.

Crocs Stock Up 1.5%

CROX traded up $1.18 on Wednesday, hitting $80.17. The company had a trading volume of 765,966 shares, compared to its average volume of 1,796,838. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.54 and a quick ratio of 0.97. Crocs, Inc. has a 52-week low of $73.76 and a 52-week high of $151.13. The stock has a fifty day simple moving average of $91.91 and a 200-day simple moving average of $98.83. The firm has a market capitalization of $4.38 billion, a P/E ratio of 21.45, a P/E/G ratio of 1.79 and a beta of 1.40.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The textile maker reported $4.23 EPS 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 firm had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the previous year, the firm posted $4.01 EPS. The business'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, equities analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Crocs 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.