UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 11,184 Shares of Crocs, Inc. $CROX

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in Crocs, Inc. (NASDAQ:CROX) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 165,407 shares of the textile maker’s stock after selling 11,184 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.35% of Crocs worth $19,955,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Crocs during the 2nd quarter valued at about $561,223,000. LSV Asset Management increased its stake in Crocs by 33.1% during the 4th quarter. LSV Asset Management now owns 1,474,037 shares of the textile maker’s stock worth $126,060,000 after purchasing an additional 366,537 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Crocs by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,447,096 shares of the textile maker’s stock worth $123,760,000 after buying an additional 11,630 shares during the period. AQR Capital Management LLC raised its holdings 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 buying an additional 1,012,943 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in Crocs by 5.8% in the second quarter. Alliancebernstein L.P. now owns 1,180,405 shares of the textile maker’s stock valued at $119,551,000 after buying an additional 64,672 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Trading Up 1.3%

Crocs stock opened at $117.53 on Friday. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 10.16, a P/E/G ratio of 0.97 and a beta of 1.52. The firm has a 50-day moving average of $128.68 and a 200-day moving average of $110.65. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96. Crocs, Inc. has a one year low of $73.21 and a one year high of $141.28.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.35 by $0.20. The business had revenue of $1.18 billion for 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%.Crocs’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, equities analysts expect that Crocs, Inc. will post 13.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CROX has been the subject of several research reports. Weiss Ratings raised shares of Crocs from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. UBS Group upped their target price on shares of Crocs from $107.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Wedbush initiated coverage on Crocs in a report on Monday, June 8th. They set an “outperform” rating for the company. Bank of America lifted their price target on Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Finally, Piper Sandler restated an “overweight” rating on shares of Crocs in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $139.10.

Insider Buying and Selling at Crocs

In related news, CEO Andrew Rees sold 19,072 shares of the business’s stock in a transaction 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 transaction, the chief executive officer directly owned 713,293 shares in the company, valued at approximately $99,083,530.63. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.