United Services Automobile Association Takes Position in 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 stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,602 shares of the textile maker's stock, valued at approximately $382,000.

Several other large investors also recently added to or reduced their stakes in the business. Kestra Investment Management LLC grew its position in Crocs by 50.3% during the first quarter. Kestra Investment Management LLC now owns 2,613 shares of the textile maker's stock valued at $278,000 after buying an additional 875 shares during the period. Jones Financial Companies Lllp grew its position in Crocs by 2,839.5% during the first quarter. Jones Financial Companies Lllp now owns 21,870 shares of the textile maker's stock valued at $2,323,000 after buying an additional 21,126 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Crocs during the first quarter valued at approximately $1,259,000. New Vernon Capital Holdings II LLC grew its position in Crocs by 10,520.0% during the first quarter. New Vernon Capital Holdings II LLC now owns 719,293 shares of the textile maker's stock valued at $76,389,000 after buying an additional 712,520 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Crocs by 159.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker's stock valued at $79,000 after buying an additional 459 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Crocs Price Performance

Crocs stock traded down $3.52 during mid-day trading on Friday, reaching $77.43. 2,712,591 shares of the company's stock traded hands, compared to its average volume of 1,670,269. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.78 and a beta of 1.40. The stock has a 50 day moving average of $93.04 and a two-hundred day moving average of $99.12. The company has a quick ratio of 0.97, a current ratio of 1.54 and a debt-to-equity ratio of 0.97. Crocs, Inc. has a 12-month low of $73.76 and a 12-month high of $151.13.

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

Insider Activity

In other Crocs news, EVP Susan L. Healy bought 2,000 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were bought at an average cost of $76.56 per share, for a total transaction of $153,120.00. Following the acquisition, the executive vice president directly owned 50,078 shares in the company, valued at approximately $3,833,971.68. The trade was a 4.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John B. Replogle bought 3,261 shares of the company's stock in a transaction 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 completion of the acquisition, 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. 2.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. UBS Group cut their target price on shares of Crocs from $110.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, August 11th. The Goldman Sachs Group dropped their price target on shares of Crocs from $88.00 to $87.00 and set a "sell" rating for the company in a research report on Tuesday, July 22nd. Barclays reissued an "equal weight" rating and issued a $81.00 target price (down previously from $119.00) on shares of Crocs in a report on Friday, August 8th. KeyCorp lowered their target price on shares of Crocs from $120.00 to $95.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Finally, Bank of America lowered their target price on shares of Crocs from $135.00 to $99.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $105.33.

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.