Crocs, Inc. $CROX Position Decreased by HighTower Advisors LLC

HighTower Advisors LLC reduced its holdings in Crocs, Inc. (NASDAQ:CROX) by 12.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,882 shares of the textile maker’s stock after selling 13,167 shares during the quarter. HighTower Advisors LLC owned 0.20% of Crocs worth $11,688,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC grew its position in 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 buying an additional 120 shares during the last quarter. Root Financial Partners LLC lifted its position in shares of Crocs by 96.3% during the 1st quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 157 shares during the last quarter. L2 Asset Management LLC boosted its stake in shares of Crocs by 5.4% during the 4th quarter. L2 Asset Management LLC now owns 3,319 shares of the textile maker’s stock worth $284,000 after acquiring an additional 169 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Crocs by 4.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,490 shares of the textile maker’s stock worth $373,000 after acquiring an additional 176 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Crocs by 60.2% in 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 during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Price Performance

CROX opened at $111.09 on Thursday. The firm has a market capitalization of $5.33 billion, a P/E ratio of 9.60, a PEG ratio of 0.95 and a beta of 1.52. The stock has a fifty day moving average of $128.14 and a 200-day moving average of $111.09. The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.94. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $141.28.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results 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 net margin of 14.64% and a return on equity of 47.75%. 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 prior year, the firm earned ($8.82) earnings per share. The firm’s 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. Equities analysts forecast that Crocs, Inc. will post 13.95 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CROX shares. Piper Sandler reaffirmed an “overweight” rating on shares of Crocs in a research report on Friday, July 31st. Williams Trading set a $150.00 price target on Crocs in a research note on Tuesday, June 9th. The Goldman Sachs Group restated a “sell” rating and set a $95.00 price objective on shares of Crocs in a report on Friday, July 31st. Royal Bank Of Canada assumed coverage on shares of Crocs in a report on Monday, June 8th. They issued an “overweight” rating for the company. Finally, Scotiabank assumed coverage on shares of Crocs in a research report on Monday, June 8th. They issued an “outperform” rating on the stock. One research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $139.10.

Insider Buying and Selling at Crocs

In other news, CEO Andrew Rees sold 19,072 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $138.91, for a total value of $2,649,291.52. Following the transaction, the chief executive officer directly owned 713,293 shares of the company’s stock, valued at approximately $99,083,530.63. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.10% of the company’s stock.

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.