Mizuho Markets Cayman LP Trims Position in Crocs, Inc. $CROX

Mizuho Markets Cayman LP lessened its stake in Crocs, Inc. (NASDAQ:CROX) by 23.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 67,324 shares of the textile maker’s stock after selling 20,976 shares during the quarter. Mizuho Markets Cayman LP’s holdings in Crocs were worth $5,758,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its stake in Crocs by 1.1% in the 2nd quarter. NewEdge Advisors LLC now owns 10,710 shares of the textile maker’s stock worth $1,085,000 after buying an additional 120 shares during the period. Parallel Advisors LLC increased its stake in Crocs by 60.2% in the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after buying an additional 186 shares during the period. Kestra Investment Management LLC increased its position in Crocs by 7.2% during the 2nd quarter. Kestra Investment Management LLC now owns 2,800 shares of the textile maker’s stock valued at $284,000 after purchasing an additional 187 shares during the period. Traub Capital Management LLC increased its position in Crocs by 7.1% during the 4th quarter. Traub Capital Management LLC now owns 3,000 shares of the textile maker’s stock valued at $257,000 after purchasing an additional 200 shares during the period. Finally, Belpointe Asset Management LLC increased its position in Crocs by 4.7% during the 3rd quarter. Belpointe Asset Management LLC now owns 4,796 shares of the textile maker’s stock valued at $401,000 after purchasing an additional 216 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Stifel Nicolaus raised their target price on shares of Crocs from $90.00 to $99.00 and gave the company a “hold” rating in a research report on Friday, February 13th. UBS Group raised their target price on shares of Crocs from $97.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. BTIG Research assumed coverage on shares of Crocs in a research report on Tuesday, March 10th. They set a “neutral” rating on the stock. The Goldman Sachs Group raised their target price on shares of Crocs from $71.00 to $81.00 and gave the company a “sell” rating in a research report on Friday, February 13th. Finally, Piper Sandler reissued a “neutral” rating and set a $95.00 target price on shares of Crocs in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $103.73.

Crocs Stock Up 1.4%

NASDAQ:CROX opened at $110.44 on Friday. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $113.16. The stock has a market capitalization of $5.49 billion, a P/E ratio of -80.03, a P/E/G ratio of 1.07 and a beta of 1.54. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.04 and a current ratio of 1.67. The company’s 50-day simple moving average is $94.25 and its 200-day simple moving average is $88.89.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.21. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The business had revenue of $921.46 million for the quarter, compared to analysts’ expectations of $900.57 million. During the same period last year, the business earned $3.00 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. On average, equities analysts anticipate that Crocs, Inc. will post 13.67 earnings per share for the current fiscal year.

Crocs Company 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.