Miller Value Partners LLC Buys Shares of 28,856 Crocs, Inc. $CROX

Miller Value Partners LLC purchased a new stake in shares of Crocs, Inc. (NASDAQ:CROX) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 28,856 shares of the textile maker’s stock, valued at approximately $3,481,000.

A number of other large investors have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Crocs by 159.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock valued at $79,000 after purchasing an additional 459 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 period. EverSource Wealth Advisors LLC raised its stake in Crocs by 278.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 862 shares of the textile maker’s stock valued at $87,000 after buying an additional 634 shares during the last quarter. First Trust Advisors LP raised its stake in Crocs by 14.3% during the 2nd quarter. First Trust Advisors LP now owns 112,217 shares of the textile maker’s stock valued at $11,365,000 after buying an additional 14,067 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Crocs during the 2nd quarter valued at $6,290,000. 93.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Crocs news, CEO Andrew Rees sold 32,688 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the completion of the sale, the chief executive officer owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. The trade was a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 62,688 shares of company stock worth $8,014,859 in the last quarter. 3.10% of the stock is currently owned by insiders.

Crocs Trading Down 2.3%

Shares of Crocs stock opened at $122.89 on Wednesday. The company’s fifty day simple moving average is $129.36 and its 200-day simple moving average is $109.06. The stock has a market capitalization of $5.89 billion, a PE ratio of 10.62, a P/E/G ratio of 1.05 and a beta of 1.53. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $141.28. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $0.20. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($8.82) EPS. 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, equities analysts anticipate that Crocs, Inc. will post 13.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CROX has been the topic of a number of research reports. Barclays raised their price target on Crocs from $110.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft assumed coverage on Crocs in a research report on Monday, June 8th. They set a “buy” rating for the company. Monness Crespi & Hardt raised their target price on Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wedbush started coverage on Crocs in a research note on Monday, June 8th. They set an “outperform” rating for the company. Finally, Bank of America upped their price target 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 research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $139.10.

Crocs Company 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.