85,810 Shares in Crocs, Inc. $CROX Purchased by Castleark Management LLC

Castleark Management LLC acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 85,810 shares of the textile maker’s stock, valued at approximately $10,352,000. Castleark Management LLC owned 0.18% of Crocs at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC increased its position in shares of Crocs by 1.1% in the second quarter. NewEdge Advisors LLC now owns 10,710 shares of the textile maker’s stock worth $1,085,000 after acquiring an additional 120 shares in the last quarter. Root Financial Partners LLC boosted its stake in Crocs by 96.3% in the 1st 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. L2 Asset Management LLC lifted its holdings in shares of Crocs by 5.4% in the fourth quarter. L2 Asset Management LLC now owns 3,319 shares of the textile maker’s stock valued at $284,000 after purchasing an additional 169 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Crocs by 4.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,490 shares of the textile maker’s stock worth $373,000 after buying an additional 176 shares during the period. Finally, Parallel Advisors LLC boosted 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 worth $41,000 after buying an additional 186 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Crocs

In other news, CEO Andrew Rees sold 32,688 shares of the stock in a transaction 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 transaction, the chief executive officer owned 743,293 shares in the company, valued at $87,775,470.37. This represents a 4.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 62,688 shares of company stock worth $8,014,859. Corporate insiders own 3.10% of the company’s stock.

Crocs Stock Performance

Shares of CROX stock opened at $122.89 on Wednesday. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $141.28. The stock’s 50-day moving average is $129.36 and its two-hundred day moving average is $109.06. 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 $5.89 billion, a P/E ratio of 10.62, a PEG ratio of 1.05 and a beta of 1.53.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $1.15 billion. During the same period in the previous year, the company earned ($8.82) EPS. The firm’s 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. Analysts predict that Crocs, Inc. will post 13.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada started coverage on Crocs in a research note on Monday, June 8th. They issued an “overweight” rating for the company. Deutsche Bank Aktiengesellschaft began coverage on Crocs in a report on Monday, June 8th. They issued a “buy” rating on the stock. Robert W. Baird set a $163.00 price target on shares of Crocs in a research report on Friday, July 31st. Weiss Ratings upgraded shares of Crocs from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Finally, Bank of America boosted their price objective on shares of Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $139.10.

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.