Geode Capital Management LLC Sells 22,365 Shares of Crocs, Inc. $CROX

Geode Capital Management LLC trimmed its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 2.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,076,611 shares of the textile maker’s stock after selling 22,365 shares during the quarter. Geode Capital Management LLC’s holdings in Crocs were worth $109,056,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Costello Asset Management INC bought a new stake in shares of Crocs in the 1st quarter valued at $32,000. IMA Advisory Services Inc. acquired a new stake in Crocs in the first quarter worth $40,000. Brooklyn Investment Group acquired a new stake in Crocs in the first quarter worth $40,000. Allworth Financial LP increased its stake in Crocs by 120.7% in the second quarter. Allworth Financial LP now owns 448 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 245 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Crocs during the second quarter valued at about $48,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CROX. Piper Sandler downgraded Crocs from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $95.00 to $75.00 in a research note on Monday, September 22nd. Needham & Company LLC increased their price target on Crocs from $89.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Citigroup downgraded Crocs to a “negative” rating in a report on Tuesday, October 7th. UBS Group cut their target price on Crocs from $110.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, August 11th. Finally, Wall Street Zen downgraded shares of Crocs from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $103.42.

Crocs Price Performance

Crocs stock opened at $78.51 on Friday. The stock has a market cap of $4.08 billion, a P/E ratio of 21.05, a P/E/G ratio of 1.97 and a beta of 1.51. The company has a quick ratio of 0.97, a current ratio of 1.54 and a debt-to-equity ratio of 0.97. The company’s 50 day moving average price is $80.47 and its two-hundred day moving average price is $92.70. Crocs, Inc. has a 52 week low of $73.21 and a 52 week high of $122.84.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, October 30th. The textile maker reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.56. Crocs had a return on equity of 44.15% and a net margin of 5.72%.The company had revenue of $996.30 million during the quarter, compared to the consensus estimate of $960.14 million. During the same period last year, the business posted $3.60 earnings per share. Crocs’s revenue was down 6.2% on a year-over-year basis. Crocs has set its Q4 2025 guidance at 1.820-1.92 EPS. On average, equities analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current year.

Insider Activity at Crocs

In other Crocs news, Director John B. Replogle bought 3,000 shares of the stock in a transaction dated Tuesday, November 11th. The shares were bought at an average cost of $74.50 per share, for a total transaction of $223,500.00. Following the purchase, the director directly owned 18,417 shares of the company’s stock, valued at approximately $1,372,066.50. This trade represents a 19.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.72% of the stock is owned by insiders.

About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.