WS Management Lllp Purchases Shares of 50,000 Crocs, Inc. $CROX

Key Points

• WS Management Lllp acquired 50,000 shares of Crocs, Inc. valued at approximately $5.31 million, making it 0.6% of their portfolio and the 23rd largest position.
• Recent hedge fund activity reveals significant interest in Crocs, with several institutions increasing or establishing new positions in the first quarter of 2023.
• Crocs reported earnings of $4.23 per share, surpassing analyst estimates and showing a revenue growth of 3.4% from the same quarter last year, despite price target adjustments from various analysts.

WS Management Lllp bought a new stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 50,000 shares of the textile maker's stock, valued at approximately $5,310,000. Crocs comprises 0.6% of WS Management Lllp's investment portfolio, making the stock its 23rd largest holding. WS Management Lllp owned approximately 0.09% of Crocs at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. LSV Asset Management boosted its stake in shares of Crocs by 180.9% in the 1st quarter. LSV Asset Management now owns 880,260 shares of the textile maker's stock worth $93,484,000 after buying an additional 566,847 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Crocs by 215.0% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 372,450 shares of the textile maker's stock worth $40,794,000 after buying an additional 254,212 shares during the last quarter. Nuveen LLC purchased a new position in shares of Crocs in the 1st quarter worth $25,957,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of Crocs by 43.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 702,399 shares of the textile maker's stock worth $74,595,000 after buying an additional 211,855 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Crocs by 670.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 214,948 shares of the textile maker's stock worth $23,459,000 after buying an additional 187,051 shares during the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Stock Performance

NASDAQ CROX traded down $0.34 on Thursday, hitting $86.29. 1,581,887 shares of the company traded hands, compared to its average volume of 2,976,080. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 23.13, a P/E/G ratio of 1.99 and a beta of 1.41. The company has a current ratio of 1.54, a quick ratio of 0.97 and a debt-to-equity ratio of 0.97. The business's 50 day moving average price is $96.84 and its 200-day moving average price is $100.63. Crocs, Inc. has a 52-week low of $73.76 and a 52-week high of $151.13.

Crocs (NASDAQ:CROX - Get Free Report) last released 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. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a return on equity of 44.15% and a net margin of 5.72%.Crocs's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $4.01 earnings per share. 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 year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CROX. KeyCorp dropped their price target on Crocs from $120.00 to $95.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. UBS Group dropped their price target on Crocs from $110.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, August 11th. Barclays restated an "equal weight" rating and issued a $81.00 price target (down from $119.00) on shares of Crocs in a research note on Friday, August 8th. Bank of America dropped their price target on Crocs from $135.00 to $99.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Finally, Monness Crespi & Hardt dropped 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. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $104.42.

Insider Transactions at Crocs

In other Crocs news, Director John B. Replogle purchased 3,261 shares of the firm's stock in a transaction on Friday, August 8th. The shares were acquired at an average cost of $76.69 per share, with a total value of $250,086.09. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Susan L. Healy purchased 2,000 shares of the firm'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 completion of the acquisition, the executive vice president owned 50,078 shares of the company's stock, valued at approximately $3,833,971.68. This trade represents a 4.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is owned by company insiders.

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.