Legal & General Group Plc Has $6.73 Million Stock Holdings in Crocs, Inc. $CROX

Legal & General Group Plc cut its position in shares of Crocs, Inc. (NASDAQ:CROX) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,646 shares of the textile maker’s stock after selling 9,632 shares during the quarter. Legal & General Group Plc owned 0.15% of Crocs worth $6,726,000 at the end of the most recent quarter.

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

Crocs Stock Performance

NASDAQ:CROX opened at $119.35 on Friday. Crocs, Inc. has a 1 year low of $73.21 and a 1 year high of $122.34. The firm has a 50 day moving average of $102.07 and a 200-day moving average of $91.76. The company has a current ratio of 1.67, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $5.93 billion, a P/E ratio of -86.48, a price-to-earnings-growth ratio of 1.23 and a beta of 1.57.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.21. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The company had revenue of $921.46 million during the quarter, compared to analysts’ expectations of $900.57 million. During the same quarter in the previous year, the company posted $3.00 earnings per share. Crocs’s quarterly revenue was down 1.7% compared to the same quarter last year. 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, sell-side analysts anticipate that Crocs, Inc. will post 13.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wall Street Zen raised Crocs from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Williams Trading upgraded shares of Crocs from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Weiss Ratings cut shares of Crocs from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, February 23rd. Bank of America lifted their target price on shares of Crocs from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Piper Sandler reiterated a “neutral” rating and issued a $95.00 target price on shares of Crocs in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $108.00.

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.