12,008 Shares in Crocs, Inc. $CROX Bought by Versor Investments LP

Key Points

• Versor Investments LP has made a new investment of approximately $1.28 million in Crocs, acquiring 12,008 shares during the first quarter.
• Crocs reported earnings of $4.23 per share for the last quarter, exceeding analyst expectations by $0.22, with revenues consistent at $1.15 billion.
• Several analysts have lowered their target prices for the stock, with revisions indicating ratings from "buy" to "sell", leading to an average price target of $108.92.

Versor Investments LP bought a new position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 12,008 shares of the textile maker's stock, valued at approximately $1,275,000.

A number of other institutional investors have also made changes to their positions in CROX. Fuller & Thaler Asset Management Inc. boosted its stake in Crocs by 49.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock valued at $143,309,000 after purchasing an additional 429,994 shares during the period. Dimensional Fund Advisors LP raised its holdings in Crocs by 10.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,154,676 shares of the textile maker's stock valued at $122,608,000 after acquiring an additional 108,076 shares in the last quarter. LSV Asset Management raised its holdings in Crocs by 180.9% in the 1st quarter. LSV Asset Management now owns 880,260 shares of the textile maker's stock valued at $93,484,000 after acquiring an additional 566,847 shares in the last quarter. Evercore Wealth Management LLC raised its holdings in Crocs by 9.0% in the 4th quarter. Evercore Wealth Management LLC now owns 739,109 shares of the textile maker's stock valued at $80,955,000 after acquiring an additional 60,730 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Crocs by 34.0% in the 4th quarter. Northern Trust Corp now owns 603,734 shares of the textile maker's stock valued at $66,127,000 after acquiring an additional 153,215 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CROX shares. Monness Crespi & Hardt decreased their price target on Crocs from $140.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Stifel Nicolaus reissued a "hold" rating and set a $85.00 price objective (down previously from $127.00) on shares of Crocs in a report on Friday, August 8th. KeyCorp lowered their target price on Crocs from $120.00 to $95.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Bank of America decreased their price target on Crocs from $135.00 to $99.00 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, The Goldman Sachs Group cut their price objective on shares of Crocs from $88.00 to $87.00 and set a "sell" rating on the stock in a research report on Tuesday, July 22nd. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $104.42.

Insider Activity at Crocs

In related news, EVP Susan L. Healy bought 2,000 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was acquired at an average cost of $76.56 per share, for a total transaction of $153,120.00. Following the completion of the transaction, the executive vice president directly owned 50,078 shares in the company, valued at $3,833,971.68. This trade represents a 4.16% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John B. Replogle bought 3,261 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The stock was 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 trade represents 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 insiders.

Crocs Price Performance

NASDAQ:CROX traded up $2.75 during mid-day trading on Friday, hitting $86.56. 2,112,582 shares of the stock traded hands, compared to its average volume of 1,799,462. The business's 50-day moving average price is $98.23 and its 200 day moving average price is $100.93. The company has a market cap of $4.73 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. Crocs, Inc. has a 12-month low of $73.76 and a 12-month high of $151.13. 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 (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $4.23 EPS for the quarter, beating the consensus estimate of $4.01 by $0.22. The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.15 billion. Crocs had a net margin of 5.72% and a return on equity of 44.15%. Crocs's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.01 earnings per share. Crocs has set its Q3 2025 guidance at EPS. On average, analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal 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.