Havemeyer Place LP Makes New Investment in Crocs, Inc. $CROX

Havemeyer Place LP purchased a new position in Crocs, Inc. (NASDAQ:CROX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,965 shares of the textile maker’s stock, valued at approximately $425,000.

Other hedge funds have also added to or reduced their stakes in the company. Step Capital Management Pte. Ltd. bought a new stake in Crocs in the fourth quarter worth $1,710,000. Marshall Financial Group LLC bought a new stake in Crocs in the fourth quarter worth $1,237,000. MH & Associates Securities Management Corp ADV bought a new position in shares of Crocs in the fourth quarter worth approximately $1,736,000. Brevan Howard Capital Management LP grew its holdings in shares of Crocs by 41.6% in the third quarter. Brevan Howard Capital Management LP now owns 44,212 shares of the textile maker’s stock worth $3,694,000 after purchasing an additional 12,995 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Crocs by 92.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,982 shares of the textile maker’s stock worth $2,564,000 after purchasing an additional 14,393 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Insider Transactions at Crocs

In related news, CEO Andrew Rees sold 32,688 shares of the stock in a transaction dated Friday, June 5th. The shares were 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 $87,775,470.37. This represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Robert W. Baird upgraded shares of Crocs from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $115.00 to $150.00 in a report on Monday. Scotiabank began coverage on shares of Crocs in a research note on Monday. They set an “outperform” rating for the company. Needham & Company LLC upped their price objective on shares of Crocs from $118.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Monness Crespi & Hardt upped their price objective on shares of Crocs from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, BTIG Research began coverage on shares of Crocs in a research note on Tuesday, March 10th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Crocs has an average rating of “Moderate Buy” and a consensus price target of $117.64.

Crocs Stock Performance

Shares of NASDAQ:CROX opened at $127.77 on Wednesday. The company has a market cap of $6.35 billion, a price-to-earnings ratio of -92.59, a price-to-earnings-growth ratio of 1.25 and a beta of 1.57. The company has a 50-day moving average price of $103.85 and a 200-day moving average price of $92.50. The company has a current ratio of 1.67, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93. Crocs, Inc. has a 12 month low of $73.21 and a 12 month high of $129.45.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, April 30th. The textile maker reported $2.99 EPS for the quarter, beating the consensus estimate of $2.78 by $0.21. The firm had revenue of $921.46 million during the quarter, compared to the consensus estimate of $900.57 million. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.00 earnings per share. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. As a group, equities analysts anticipate that Crocs, Inc. will post 13.67 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.