X Square Capital LLC Buys Shares of 24,293 Crocs, Inc. $CROX

Key Points

• X Square Capital LLC initiated a Crocs position by purchasing 24,293 shares worth approximately $2.93 million, while institutional investors collectively own 93.44% of the company.
• Analyst sentiment remains positive, with Crocs carrying a “Moderate Buy” consensus rating and an average price target of $139.10; several firms recently raised their targets to $150–$160.
• Crocs exceeded quarterly expectations with $4.55 in earnings per share and $1.18 billion in revenue, while CEO Andrew Rees sold 19,072 shares at an average price of $138.91.

X Square Capital LLC purchased a new position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 24,293 shares of the textile maker's stock, valued at approximately $2,931,000. X Square Capital LLC owned about 0.05% of Crocs as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Allworth Financial LP purchased a new position in Crocs during the 2nd quarter valued at $53,000. Vise Technologies Inc. bought a new stake in shares of Crocs during the second quarter worth $266,000. Abacus FCF Advisors LLC bought a new stake in shares of Crocs during the second quarter worth $4,027,000. Lisanti Capital Growth LLC purchased a new stake in shares of Crocs during the second quarter valued at $6,375,000. Finally, NewEdge Wealth LLC purchased a new stake in shares of Crocs during the second quarter valued at $2,506,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Wall Street Analyst Weigh In

CROX has been the topic of several recent analyst reports. Bank of America raised their price target on shares of Crocs from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Needham & Company LLC boosted their price objective on shares of Crocs from $132.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Scotiabank assumed coverage on shares of Crocs in a research note on Monday, June 8th. They issued an "outperform" rating on the stock. Monness Crespi & Hardt raised their target price on shares of Crocs from $130.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Crocs in a research note on Monday, June 8th. They set a "buy" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Crocs currently has an average rating of "Moderate Buy" and an average target price of $139.10.

Crocs Stock Performance

Shares of Crocs stock opened at $122.11 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94. The stock's fifty day moving average price is $129.45 and its 200-day moving average price is $108.37. The firm has a market cap of $5.85 billion, a P/E ratio of 10.55, a P/E/G ratio of 1.02 and a beta of 1.53. Crocs, Inc. has a 12 month low of $73.21 and a 12 month high of $141.28.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, topping analysts' consensus estimates of $4.35 by $0.20. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the firm earned ($8.82) earnings per share. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. On average, equities research analysts expect that Crocs, Inc. will post 13.95 earnings per share for the current fiscal year.

Insider Activity at Crocs

In related news, CEO Andrew Rees sold 19,072 shares of Crocs stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the transaction, the chief executive officer directly owned 713,293 shares of the company's stock, valued at $99,083,530.63. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders have sold 62,688 shares of company stock valued at $8,014,859. Insiders own 3.10% of the company's stock.

Crocs Profile

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company's product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source