NewEdge Wealth LLC Buys Shares of 20,770 Crocs, Inc. $CROX

NewEdge Wealth LLC bought a new position in Crocs, Inc. (NASDAQ:CROX) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 20,770 shares of the textile maker’s stock, valued at approximately $2,506,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Crocs in the 2nd quarter valued at $561,223,000. LSV Asset Management raised 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 buying an additional 366,537 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Crocs by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,447,096 shares of the textile maker’s stock worth $123,760,000 after acquiring an additional 11,630 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Crocs by 399.0% during the third quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock worth $105,841,000 after acquiring an additional 1,012,943 shares in the last quarter. Finally, Alliancebernstein L.P. grew 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 acquiring an additional 64,672 shares during the period. 93.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Andrew Rees sold 32,688 shares of the firm’s stock in a transaction that occurred on 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 directly owned 743,293 shares of the company’s stock, valued at $87,775,470.37. This trade represents a 4.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 62,688 shares of company stock worth $8,014,859. Corporate insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CROX shares. Royal Bank Of Canada began coverage on Crocs in a research report on Monday, June 8th. They set an “overweight” rating on the stock. Williams Trading set a $150.00 price objective on Crocs in a research report on Tuesday, June 9th. Monness Crespi & Hardt increased their target price on Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Barclays increased their target price on Crocs from $110.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Finally, Weiss Ratings raised shares of Crocs from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $139.10.

Crocs Stock Performance

Shares of Crocs stock opened at $123.09 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 1.05 and a beta of 1.53. The stock’s 50-day moving average is $129.51 and its 200-day moving average is $108.28. Crocs, Inc. has a one year low of $73.21 and a one year high of $141.28.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.35 by $0.20. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company earned ($8.82) earnings per share. Crocs’s quarterly revenue was up 2.6% on a year-over-year basis. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Equities analysts predict that Crocs, Inc. will post 13.95 earnings per share for the current fiscal 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.