Walter Public Investments Inc. Sells 25,501 Shares of Crocs, Inc. $CROX

Key Points

• Walter Public Investments Inc. reduced its stake in Crocs by 36.2%, selling 25,501 shares and now owns approximately 0.08% of the company valued at $4.55 million.
• Analysts have recently downgraded their price targets for Crocs, with KeyCorp reducing its target from $120.00 to $95.00 and UBS lowering its target from $110.00 to $85.00, reflecting a cautious outlook.
• In Q2, Crocs reported earnings per share of $4.23, surpassing estimates, while its revenue matched expectations at $1.15 billion, marking a 3.4% increase year-over-year.

Walter Public Investments Inc. lessened its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 36.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,974 shares of the textile maker's stock after selling 25,501 shares during the period. Walter Public Investments Inc. owned about 0.08% of Crocs worth $4,555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Costello Asset Management INC bought a new position in Crocs during the 1st quarter valued at approximately $32,000. Larson Financial Group LLC raised its position in Crocs by 541.8% during the 1st quarter. Larson Financial Group LLC now owns 353 shares of the textile maker's stock valued at $37,000 after purchasing an additional 298 shares during the last quarter. IMA Advisory Services Inc. bought a new position in Crocs during the 1st quarter valued at approximately $40,000. Brooklyn Investment Group bought a new position in Crocs during the 1st quarter valued at approximately $40,000. Finally, Salem Investment Counselors Inc. bought a new position in Crocs during the 1st quarter valued at approximately $53,000. Institutional investors own 93.44% of the company's stock.

Analyst Ratings Changes

CROX has been the subject of a number of recent analyst reports. KeyCorp lowered their price target on Crocs from $120.00 to $95.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Monness Crespi & Hardt lowered their price target on Crocs from $140.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, August 8th. UBS Group lowered their price target on 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 reduced their target price on Crocs from $88.00 to $87.00 and set a "sell" rating on the stock in a report on Tuesday, July 22nd. Finally, Needham & Company LLC upped their target price on Crocs from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $105.33.

Crocs Stock Performance

Shares of CROX opened at $80.32 on Friday. The business's fifty day simple moving average is $90.45 and its two-hundred day simple moving average is $98.39. The company has a current ratio of 1.54, a quick ratio of 0.97 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. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 21.53, a P/E/G ratio of 1.85 and a beta of 1.40.

Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results on Thursday, August 7th. The textile maker reported $4.23 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 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 posted $4.01 EPS. The company's revenue was up 3.4% compared to the same quarter last year. Crocs has set its Q3 2025 guidance at EPS. Research analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Crocs

In other Crocs news, EVP Susan L. Healy bought 2,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were acquired at an average cost of $76.56 per share, for a total transaction of $153,120.00. Following the purchase, the executive vice president owned 50,078 shares in the company, valued at approximately $3,833,971.68. This trade represents a 4.16% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John B. Replogle bought 3,261 shares of the business'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 purchase, the director owned 15,417 shares in the company, valued at approximately $1,182,329.73. The trade was a 26.83% increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.00% of the company's stock.

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.

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