Lisanti Capital Growth LLC Takes Position in Crocs, Inc. $CROX

Lisanti Capital Growth LLC acquired a new stake in Crocs, Inc. (NASDAQ:CROX) during the second quarter, Holdings Channel.com reports. The firm acquired 52,840 shares of the textile maker’s stock, valued at approximately $6,375,000. Crocs comprises approximately 1.4% of Lisanti Capital Growth LLC’s portfolio, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CROX. Root Financial Partners LLC boosted its position in Crocs by 96.3% during the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock worth $27,000 after purchasing an additional 157 shares during the period. Torren Management LLC bought a new position in shares of Crocs in the fourth quarter valued at approximately $39,000. Parallel Advisors LLC raised its position in shares of Crocs by 60.2% in the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 186 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Crocs in the second quarter worth $42,000. Finally, Persistent Asset Partners Ltd acquired a new stake in shares of Crocs in the second quarter worth $55,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Trading Down 2.3%

Shares of CROX stock opened at $125.73 on Thursday. Crocs, Inc. has a 1 year low of $73.21 and a 1 year high of $141.28. The firm’s fifty day simple moving average is $129.56 and its 200 day simple moving average is $108.00. The firm has a market capitalization of $6.03 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 1.07 and a beta of 1.53. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, beating the consensus estimate of $4.35 by $0.20. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the company earned ($8.82) EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. 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, sell-side 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 32,688 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the completion of the transaction, the chief executive officer owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. This represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 62,688 shares of company stock worth $8,014,859 over the last three months. 3.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Williams Trading set a $150.00 target price on shares of Crocs in a research note on Tuesday, June 9th. Robert W. Baird set a $163.00 target price on shares of Crocs in a research report on Friday, July 31st. Needham & Company LLC upped their price target on shares of Crocs from $132.00 to $150.00 and gave the company a “buy” rating in a report on Friday, July 24th. Monness Crespi & Hardt raised their price target on Crocs from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, UBS Group boosted their price objective on Crocs from $107.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $139.10.

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.