14,600 Shares in Crocs, Inc. $CROX Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in shares of Crocs, Inc. (NASDAQ:CROX) in the first quarter, HoldingsChannel.com reports. The firm acquired 14,600 shares of the textile maker’s stock, valued at approximately $1,212,000.

A number of other institutional investors also recently bought and sold shares of CROX. Torren Management LLC bought a new stake in shares of Crocs during the 4th quarter valued at about $39,000. Parallel Advisors LLC lifted its stake in shares of 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 purchasing an additional 186 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Crocs in the 3rd quarter worth approximately $48,000. National Bank of Canada FI boosted its holdings in shares of Crocs by 597.3% in the third quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock worth $65,000 after buying an additional 663 shares during the last quarter. Finally, Ameriflex Group Inc. boosted its holdings in shares of Crocs by 292.0% in the third quarter. Ameriflex Group Inc. now owns 784 shares of the textile maker’s stock worth $66,000 after buying an additional 584 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Price Performance

CROX stock opened at $125.28 on Friday. Crocs, Inc. has a twelve month low of $73.21 and a twelve month high of $129.79. The company has a quick ratio of 1.04, a current ratio of 1.67 and a debt-to-equity ratio of 0.93. The stock has a market cap of $6.23 billion, a P/E ratio of -90.78, a PEG ratio of 1.29 and a beta of 1.55. The business’s 50-day moving average price is $113.95 and its 200-day moving average price is $97.28.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.21. The company had revenue of $921.46 million during the quarter, compared to analyst estimates of $900.57 million. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.00 EPS. 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 research analysts forecast that Crocs, Inc. will post 13.67 EPS for the current year.

Insiders Place Their Bets

In other Crocs news, CEO Andrew Rees sold 32,688 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $118.09, for a total value of $3,860,125.92. Following the completion of the transaction, the chief executive officer directly owned 743,293 shares in the company, valued at $87,775,470.37. This represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on CROX shares. UBS Group raised shares of Crocs from a “neutral” rating to a “buy” rating in a report on Monday, June 8th. Seaport Research Partners upgraded shares of Crocs from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Tuesday, April 14th. Scotiabank began coverage on shares of Crocs in a research note on Monday, June 8th. They set an “outperform” rating on the stock. Bank of America boosted their price objective on shares of Crocs from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Wells Fargo & Company started coverage on Crocs in a research note on Monday, June 8th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.00.

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.