Redwood Investment Management LLC Acquires Shares of 9,641 Crocs, Inc. $CROX

Redwood Investment Management LLC bought a new stake in shares of Crocs, Inc. (NASDAQ:CROX) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 9,641 shares of the textile maker’s stock, valued at approximately $1,163,000.

Other large investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Crocs by 159.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock worth $79,000 after purchasing an additional 459 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Crocs by 4.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 211,305 shares of the textile maker’s stock valued at $22,441,000 after purchasing an additional 8,331 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Crocs by 278.1% in the second quarter. EverSource Wealth Advisors LLC now owns 862 shares of the textile maker’s stock valued at $87,000 after purchasing an additional 634 shares during the last quarter. First Trust Advisors LP increased its holdings in Crocs by 14.3% in the second quarter. First Trust Advisors LP now owns 112,217 shares of the textile maker’s stock valued at $11,365,000 after purchasing an additional 14,067 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Crocs in the second quarter valued at about $6,290,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CROX shares. Needham & Company LLC raised their target price on Crocs from $132.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Wedbush assumed coverage on Crocs in a research note on Monday, June 8th. They issued an “outperform” rating for the company. Barclays increased their price target on shares of Crocs from $110.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Royal Bank Of Canada assumed coverage on shares of Crocs in a research note on Monday, June 8th. They set an “overweight” rating on the stock. Finally, The Goldman Sachs Group restated a “sell” rating and set a $95.00 price objective on shares of Crocs in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $139.10.

Crocs Stock Up 0.6%

Shares of CROX stock opened at $123.64 on Thursday. The firm has a fifty day moving average of $129.34 and a 200-day moving average of $109.33. The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.94. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $141.28. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 10.69, a P/E/G ratio of 1.03 and a beta of 1.53.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, beating the consensus estimate of $4.35 by $0.20. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($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. As a group, equities research analysts predict that Crocs, Inc. will post 13.95 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Andrew Rees sold 19,072 shares of the business’s stock in a transaction dated 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 directly owned 713,293 shares in the company, valued at $99,083,530.63. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 62,688 shares of company stock valued at $8,014,859. Company insiders own 3.10% of the company’s stock.

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.