VIRGINIA RETIREMENT SYSTEMS ET Al Invests $2.15 Million in Crocs, Inc. $CROX

Key Points

• Virginia Retirement Systems invested $2.15 million in Crocs, Inc., acquiring 21,182 shares during the second quarter.
• Institutional investors currently own 93.44% of Crocs stock, indicating strong market confidence in the company.
• Recent analyst ratings for Crocs show a mix of shifts, with seven analysts giving a Buy rating while others have reduced target prices, reflecting varied opinions on the stock's prospects.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 21,182 shares of the textile maker's stock, valued at approximately $2,145,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Foster & Motley Inc. raised its position in shares of Crocs by 23.0% during the 2nd quarter. Foster & Motley Inc. now owns 6,360 shares of the textile maker's stock worth $644,000 after purchasing an additional 1,190 shares during the period. Tweedy Browne Co LLC acquired a new stake in Crocs in the 2nd quarter valued at approximately $382,000. Stratos Wealth Advisors LLC increased its position in Crocs by 6.3% in the 2nd quarter. Stratos Wealth Advisors LLC now owns 18,505 shares of the textile maker's stock valued at $1,874,000 after acquiring an additional 1,095 shares during the period. Nordea Investment Management AB increased its position in Crocs by 9.6% in the 2nd quarter. Nordea Investment Management AB now owns 51,858 shares of the textile maker's stock valued at $5,299,000 after acquiring an additional 4,539 shares during the period. Finally, Empirical Asset Management LLC increased its position in Crocs by 26.7% in the 2nd quarter. Empirical Asset Management LLC now owns 6,062 shares of the textile maker's stock valued at $614,000 after acquiring an additional 1,278 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on CROX shares. Monness Crespi & Hardt lowered their target price on Crocs from $140.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Bank of America lowered their target price on Crocs from $99.00 to $98.00 and set a "buy" rating on the stock in a research report on Tuesday. Citigroup cut Crocs to a "negative" rating in a research report on Tuesday, October 7th. UBS Group lowered their target price on Crocs from $110.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday, August 11th. Finally, Piper Sandler cut Crocs from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $95.00 to $75.00 in a research report on Monday, September 22nd. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $101.92.

Crocs Stock Up 2.1%

Shares of CROX stock opened at $84.03 on Wednesday. Crocs, Inc. has a 1 year low of $73.76 and a 1 year high of $139.96. The stock has a market cap of $4.59 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 1.90 and a beta of 1.43. The business's fifty day moving average is $82.90 and its 200-day moving average is $94.88. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.97 and a current ratio of 1.54.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The textile maker reported $4.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.22. Crocs had a return on equity of 44.15% and a net margin of 5.72%.The company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same period last year, the firm earned $4.01 EPS. The firm'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 expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Crocs

In related news, Director John B. Replogle acquired 3,261 shares of Crocs stock in a transaction dated Friday, August 8th. The stock was acquired at an average cost of $76.69 per share, with a total value of $250,086.09. Following the purchase, the director directly owned 15,417 shares in the company, valued at $1,182,329.73. The trade was a 26.83% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Susan L. Healy acquired 2,000 shares of Crocs stock in a transaction dated Tuesday, August 12th. The shares were bought 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 owned 50,078 shares in the company, valued at approximately $3,833,971.68. This represents 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 currently owned by company insiders.

About Crocs

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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