Norges Bank Makes New Investment in Crocs, Inc. $CROX

Norges Bank bought a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 789,817 shares of the textile maker’s stock, valued at approximately $67,545,000. Norges Bank owned approximately 1.52% of Crocs as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CROX. Torren Management LLC acquired a new position in shares of Crocs during the 4th quarter worth approximately $39,000. Parallel Advisors LLC boosted its position in shares of Crocs by 60.2% during the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after acquiring an additional 186 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Crocs during the 3rd quarter worth approximately $48,000. IMA Advisory Services Inc. boosted its position in shares of Crocs by 72.7% during the 3rd quarter. IMA Advisory Services Inc. now owns 646 shares of the textile maker’s stock worth $54,000 after acquiring an additional 272 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Crocs by 597.3% during the 3rd quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock worth $65,000 after acquiring an additional 663 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Bank of America increased their price target on shares of Crocs from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday. Seaport Research Partners upgraded shares of Crocs from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Tuesday, April 14th. Monness Crespi & Hardt increased their price target on shares of Crocs from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Stifel Nicolaus increased their price target on shares of Crocs from $90.00 to $99.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. Finally, Weiss Ratings lowered shares of Crocs from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $108.00.

Crocs Price Performance

Shares of NASDAQ:CROX opened at $119.35 on Friday. The company has a market cap of $5.93 billion, a price-to-earnings ratio of -86.48, a PEG ratio of 1.23 and a beta of 1.57. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 1.04. The firm has a 50 day simple moving average of $102.07 and a 200 day simple moving average of $91.76. Crocs, Inc. has a one year low of $73.21 and a one year high of $122.34.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data 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 business had revenue of $921.46 million during the quarter, compared to the consensus estimate of $900.57 million. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. Research analysts predict that Crocs, Inc. will post 13.67 earnings per share for the current fiscal year.

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.