Pillsbury Lake Capital LLC Buys Shares of 75,562 Crocs, Inc. $CROX

Pillsbury Lake Capital LLC bought a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the second quarter, HoldingsChannel reports. The fund bought 75,562 shares of the textile maker’s stock, valued at approximately $9,115,800,000. Crocs makes up about 2.5% of Pillsbury Lake Capital LLC’s portfolio, making the stock its 22nd largest holding.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Crocs in the 2nd quarter valued at $561,223,000. AQR Capital Management LLC grew its position in Crocs by 399.0% during the 3rd quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock worth $105,841,000 after acquiring an additional 1,012,943 shares during the last quarter. Patient Capital Management LLC acquired a new position in Crocs in the 2nd quarter worth about $96,443,000. Norges Bank acquired a new position in Crocs in the 4th quarter worth about $67,545,000. Finally, Himalaya Capital Management LLC bought a new position in Crocs in the fourth quarter valued at about $53,720,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on CROX. The Goldman Sachs Group reissued a “sell” rating and set a $95.00 price target on shares of Crocs in a research note on Friday, July 31st. Bank of America raised their price objective on shares of Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Robert W. Baird set a $163.00 target price on shares of Crocs in a research report on Friday, July 31st. Monness Crespi & Hardt boosted their target price on shares of Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Wells Fargo & Company started coverage on shares of Crocs in a research report on Monday, June 8th. They issued a “buy” 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, the company has a consensus rating of “Moderate Buy” and an average target price of $139.10.

Crocs Stock Performance

Shares of CROX opened at $123.64 on Thursday. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $5.93 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 1.03 and a beta of 1.53. The firm’s fifty day simple moving average is $129.34 and its two-hundred day simple moving average is $109.33. Crocs, Inc. has a 12 month low of $73.21 and a 12 month high of $141.28.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, topping the consensus estimate of $4.35 by $0.20. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the firm 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. As a group, analysts predict that Crocs, Inc. will post 13.95 EPS for the current year.

Insider Activity at Crocs

In other news, CEO Andrew Rees sold 19,072 shares of the firm’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 transaction of $2,649,291.52. Following the completion of the sale, the chief executive officer owned 713,293 shares of the company’s stock, valued at $99,083,530.63. This trade represents a 2.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders have sold 62,688 shares of company stock worth $8,014,859. Company insiders own 3.10% of the company’s stock.

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.