Lisanti Capital Growth LLC Buys Shares of 52,840 Crocs, Inc. $CROX

Lisanti Capital Growth LLC bought a new stake in Crocs, Inc. (NASDAQ:CROX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,840 shares of the textile maker’s stock, valued at approximately $6,375,000. Crocs makes up approximately 1.4% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 24th largest position. Lisanti Capital Growth LLC owned approximately 0.11% of Crocs as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CROX. NewEdge Advisors LLC raised its position in Crocs by 1.1% during the second quarter. NewEdge Advisors LLC now owns 10,710 shares of the textile maker’s stock valued at $1,085,000 after buying an additional 120 shares during the period. Root Financial Partners LLC boosted its position 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 acquiring an additional 157 shares during the period. L2 Asset Management LLC grew its stake in Crocs by 5.4% during the 4th quarter. L2 Asset Management LLC now owns 3,319 shares of the textile maker’s stock valued at $284,000 after acquiring an additional 169 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Crocs by 4.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,490 shares of the textile maker’s stock valued at $373,000 after acquiring an additional 176 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Crocs by 60.2% in the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 186 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Stock Down 2.3%

CROX opened at $125.73 on Thursday. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $141.28. The business has a 50-day moving average of $129.56 and a 200-day moving average of $108.00. 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 has a market capitalization of $6.03 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 1.07 and a beta of 1.53.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $0.20. The business had revenue of $1.18 billion during 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 firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned ($8.82) EPS. 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 research analysts forecast that Crocs, Inc. will post 13.95 EPS for the current fiscal year.

Insider Transactions at Crocs

In other Crocs news, CEO Andrew Rees sold 19,072 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $138.91, for a total value of $2,649,291.52. Following the completion of the sale, the chief executive officer directly owned 713,293 shares of the company’s stock, valued at $99,083,530.63. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 62,688 shares of company stock valued at $8,014,859 in the last ninety days. 3.10% of the stock is owned by insiders.

Analysts Set New Price Targets

CROX has been the subject of a number of research analyst reports. Wells Fargo & Company assumed coverage on shares of Crocs in a research report on Monday, June 8th. They issued a “buy” rating for the company. Bank of America boosted their price objective on shares of Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. UBS Group upped their price objective on shares of Crocs from $107.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Weiss Ratings upgraded shares of Crocs from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Finally, Robert W. Baird set a $163.00 target price on shares of Crocs in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Crocs currently has a consensus rating of “Moderate Buy” and an average price target of $139.10.

Crocs Company 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.