Legal & General Group Plc Sells 9,632 Shares of Crocs, Inc. $CROX

Legal & General Group Plc lessened its stake in Crocs, Inc. (NASDAQ:CROX) by 10.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,646 shares of the textile maker’s stock after selling 9,632 shares during the period. Legal & General Group Plc’s holdings in Crocs were worth $6,726,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CROX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in 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 raised its position in Crocs by 4.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 211,305 shares of the textile maker’s stock worth $22,441,000 after purchasing an additional 8,331 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Crocs by 278.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 862 shares of the textile maker’s stock worth $87,000 after purchasing an additional 634 shares during the last quarter. First Trust Advisors LP raised its position in Crocs by 14.3% in the 2nd quarter. First Trust Advisors LP now owns 112,217 shares of the textile maker’s stock worth $11,365,000 after purchasing an additional 14,067 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Crocs in the 2nd quarter worth approximately $6,290,000. Institutional investors own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CROX has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price objective on shares of Crocs from $71.00 to $81.00 and gave the stock a “sell” rating in a research report on Friday, February 13th. Needham & Company LLC upped their target price on shares of Crocs from $118.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of Crocs from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Barclays upped their target price on shares of Crocs from $109.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Finally, Weiss Ratings cut shares of Crocs from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $108.00.

Crocs Stock Performance

Shares of Crocs stock opened at $119.35 on Friday. The firm has a fifty day moving average of $102.07 and a two-hundred day moving average of $91.76. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of -86.48, a PEG ratio of 1.23 and a beta of 1.57. Crocs, Inc. has a 52 week low of $73.21 and a 52 week high of $122.34. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.04 and a current ratio of 1.67.

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

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.