23,802 Shares in Crocs, Inc. $CROX Acquired by Corient Private Wealth LP

Corient Private Wealth LP bought a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the second quarter, HoldingsChannel.com reports. The firm bought 23,802 shares of the textile maker’s stock, valued at approximately $2,872,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Crocs in the 2nd quarter worth $561,223,000. AQR Capital Management LLC grew its stake in Crocs by 399.0% in the third quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock valued at $105,841,000 after purchasing an additional 1,012,943 shares during the last quarter. Patient Capital Management LLC purchased a new position in Crocs in the second quarter valued at about $96,443,000. Norges Bank purchased a new position in Crocs in the fourth quarter valued at about $67,545,000. Finally, Himalaya Capital Management LLC bought a new position in Crocs in the fourth quarter worth about $53,720,000. Institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Bank of America increased their target price on shares of Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Piper Sandler reaffirmed an “overweight” rating on shares of Crocs in a report on Friday, July 31st. Barclays upped their price target on Crocs from $110.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Wedbush began coverage on Crocs in a research report on Monday, June 8th. They issued an “outperform” rating for the company. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $95.00 price objective on shares of Crocs in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $139.10.

Insider Buying and Selling at Crocs

In other news, CEO Andrew Rees sold 32,688 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.09, for a total value of $3,860,125.92. Following the transaction, the chief executive officer directly owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. This represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 62,688 shares of company stock valued at $8,014,859 over the last quarter. 3.10% of the stock is currently owned by corporate insiders.

Crocs Price Performance

Shares of CROX opened at $115.28 on Wednesday. The firm has a market capitalization of $5.53 billion, a PE ratio of 9.96, a price-to-earnings-growth ratio of 1.00 and a beta of 1.52. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $141.28. The company’s fifty day moving average price is $129.03 and its 200-day moving average price is $110.34.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $0.20. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($8.82) EPS. 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 predict that Crocs, Inc. will post 13.95 EPS for the current year.

About Crocs

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.