Chase Investment Counsel Corp Buys New Stake in Crocs, Inc. $CROX

Chase Investment Counsel Corp bought a new stake in Crocs, Inc. (NASDAQ:CROX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,000 shares of the textile maker’s stock, valued at approximately $1,447,000.

Several other institutional investors also recently bought and sold shares of CROX. Global Retirement Partners LLC purchased a new stake in Crocs in the second quarter valued at about $42,000. Bank of New York Mellon Corp purchased a new stake in shares of Crocs during the second quarter worth about $39,610,000. State of Wyoming acquired a new position in shares of Crocs during the second quarter valued at about $89,000. GSA Capital Partners LLP acquired a new position in shares of Crocs during the second quarter valued at about $320,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Crocs during the second quarter valued at about $421,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Price Performance

NASDAQ:CROX opened at $131.72 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96. The company’s fifty day moving average price is $129.28 and its 200-day moving average price is $107.05. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $141.28. The firm has a market capitalization of $6.31 billion, a P/E ratio of 11.38, a PEG ratio of 1.10 and a beta of 1.53.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, beating the consensus estimate of $4.35 by $0.20. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company earned ($8.82) earnings per share. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. As a group, equities research analysts anticipate that Crocs, Inc. will post 13.95 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on CROX. Williams Trading set a $150.00 target price on shares of Crocs in a research note on Tuesday, June 9th. Royal Bank Of Canada initiated coverage on shares of Crocs in a research note on Monday, June 8th. They set an “overweight” rating on the stock. Seaport Research Partners boosted their price objective on shares of Crocs from $135.00 to $160.00 and gave the company a “buy” rating in a report on Monday, July 20th. Stifel Nicolaus raised their target price on Crocs from $105.00 to $125.00 and gave the stock a “hold” rating in a research note on Monday, June 15th. Finally, Robert W. Baird set a $163.00 price target on Crocs in a research note on Friday, July 31st. One 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 issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.10.

Insiders Place Their Bets

In other Crocs news, CEO Andrew Rees sold 32,688 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 62,688 shares of company stock worth $8,014,859 in the last three months. 3.10% of the stock is currently owned by company insiders.

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.