3,914 Crocs, Inc. $CROX Shares Acquired by State of Wyoming

State of Wyoming lifted its position in Crocs, Inc. (NASDAQ:CROX) by 531.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,651 shares of the textile maker’s stock after acquiring an additional 3,914 shares during the quarter. State of Wyoming’s holdings in Crocs were worth $546,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Crocs in the 2nd quarter valued at $561,223,000. Patient Capital Management LLC bought a new stake in shares of Crocs in the 2nd quarter valued at about $96,443,000. Bank of America Corp DE raised its stake in shares of Crocs by 130.1% during the 1st quarter. Bank of America Corp DE now owns 342,053 shares of the textile maker’s stock worth $28,397,000 after acquiring an additional 193,426 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Crocs by 5.7% during the 1st quarter. Pacer Advisors Inc. now owns 339,478 shares of the textile maker’s stock worth $28,183,000 after acquiring an additional 18,220 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Crocs during the 2nd quarter worth approximately $39,610,000. Institutional investors own 93.44% of the company’s stock.

Insider Transactions at Crocs

In related news, Director Beth Kaplan bought 885 shares of the stock in a transaction dated Tuesday, September 15th. The shares were purchased at an average price of $112.12 per share, for a total transaction of $99,226.20. Following the completion of the purchase, the director directly owned 15,259 shares of the company’s stock, valued at $1,710,839.08. This represents a 6.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Rees sold 19,072 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the sale, the chief executive officer directly owned 713,293 shares in the company, valued at $99,083,530.63. The trade was a 2.60% decrease in their position. The SEC filing for this sale provides additional information. 3.10% of the stock is owned by corporate insiders.

Crocs Stock Performance

CROX opened at $150.52 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.96. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $154.05. The firm has a 50 day moving average of $120.41 and a two-hundred day moving average of $109.73. The firm has a market capitalization of $6.88 billion, a PE ratio of 11.24, a P/E/G ratio of 1.20 and a beta of 1.49.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, October 29th. The textile maker reported $3.69 EPS for the quarter, beating the consensus estimate of $3.31 by $0.38. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1 billion. Crocs had a net margin of 16.20% and a return on equity of 49.35%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.92 EPS. On average, analysts anticipate that Crocs, Inc. will post 14.62 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CROX. Monness Crespi & Hardt upped their price target on Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Needham & Company LLC increased their price target on Crocs from $150.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday. Williams Trading set a $184.00 price target on Crocs in a report on Friday. UBS Group restated a “neutral” rating and set a $145.00 price objective on shares of Crocs in a report on Friday. Finally, Barclays lifted their price objective on shares of Crocs from $139.00 to $178.00 and gave the stock an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $158.30.

Crocs News Roundup

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Quarterly earnings and revenue beat expectations. Crocs reported adjusted EPS of $3.69 versus the $3.31 analyst consensus, while revenue increased 4.7% year over year to approximately $1.04 billion, ahead of estimates near $1.00 billion. Crocs quarterly earnings report
• Positive Sentiment: Management raised its full-year forecast for the third consecutive time. Crocs now expects 2026 revenue growth of approximately 3%, up from its prior 1%–2% outlook, and projects fourth-quarter revenue growth of roughly 7%–9%. Crocs Q3 results and outlook
• Positive Sentiment: HEYDUDE returned to growth. HEYDUDE revenue increased about 6%, easing concerns about the struggling brand and strengthening the case for a broader recovery. Crocs Brand revenue also grew approximately 4.4%. Reuters HEYDUDE turnaround article
• Positive Sentiment: Profitability and shareholder returns improved. Gross margin expanded to 66.2% from 58.5% a year earlier, operating income rose more than 40%, and the company repurchased approximately $250 million of stock during the quarter.
• Positive Sentiment: Analysts became more bullish. Barclays raised its price target to $178 and assigned an “overweight” rating, while Needham raised its target to $190 and reiterated a “buy” rating. Barclays CROX rating
• Neutral Sentiment: Technical coverage highlights that CROX has moved above its 20-day and 50-day moving averages and reached a new 52-week high, signaling positive momentum but also increasing the risk of profit-taking after the sharp advance. CROX moving average analysis
• Negative Sentiment: Some commentary notes that international growth is helping offset weaker U.S. performance, while tariff-related benefits and buybacks contributed to the earnings improvement. These factors could make comparisons less favorable if they do not persist.

Crocs Company Profile

Crocs, Inc is a global footwear company best known for its Crocs brand of casual, lightweight shoes. Its product portfolio includes clogs, sandals, slides, boots and other casual footwear, along with accessories such as Jibbitz charms, which are designed to personalize Crocs shoes.

The company was founded in 2002 and introduced its first clog that year. Crocs has expanded from its original molded footwear into a broader lifestyle brand, offering products for women, men and children through company-operated and third-party retail stores, e-commerce platforms and wholesale partners.

In 2022, Crocs completed its acquisition of HEYDUDE, adding the casual shoe brand to its portfolio.