Handelsbanken Fonder AB Has $2.22 Million Stock Position in Crocs, Inc. $CROX

Handelsbanken Fonder AB decreased its position in Crocs, Inc. (NASDAQ:CROX) by 18.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,400 shares of the textile maker’s stock after selling 4,300 shares during the period. Handelsbanken Fonder AB’s holdings in Crocs were worth $2,220,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Root Financial Partners LLC raised its stake in Crocs by 96.3% during the 1st quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock worth $27,000 after buying an additional 157 shares during the period. Torren Management LLC acquired a new position in Crocs in the fourth quarter valued at about $39,000. Parallel Advisors LLC increased its holdings in shares of Crocs by 60.2% in the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after acquiring an additional 186 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Crocs by 159.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock worth $79,000 after acquiring an additional 459 shares in the last quarter. Finally, National Bank of Canada FI increased 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 acquiring an additional 663 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CROX. The Goldman Sachs Group reiterated a “sell” rating and set a $95.00 price objective on shares of Crocs in a report on Friday, July 31st. Needham & Company LLC increased their target price on Crocs from $132.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Scotiabank started coverage on shares of Crocs in a report on Monday, June 8th. They set an “outperform” rating on the stock. Weiss Ratings raised shares of Crocs from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, Williams Trading set a $150.00 price target on shares of Crocs in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $139.10.

Insider Transactions at Crocs

In related news, CEO Andrew Rees sold 19,072 shares of Crocs stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $138.91, for a total value of $2,649,291.52. Following the sale, the chief executive officer owned 713,293 shares of the company’s stock, valued at approximately $99,083,530.63. This trade represents a 2.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 62,688 shares of company stock valued at $8,014,859. 3.10% of the stock is currently owned by company insiders.

Crocs Price Performance

CROX stock opened at $131.72 on Monday. The stock has a 50-day moving average price of $129.28 and a two-hundred day moving average price of $107.05. Crocs, Inc. has a 1 year low of $73.21 and a 1 year high of $141.28. The stock has a market cap of $6.31 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.53. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 47.75% and a net margin of 14.64%.The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($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. Equities analysts forecast that Crocs, Inc. will post 13.95 EPS for the current fiscal year.

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.