11,356 Shares in Crocs, Inc. $CROX Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC acquired a new stake in shares of Crocs, Inc. (NASDAQ:CROX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,356 shares of the textile maker’s stock, valued at approximately $971,000.

Other large investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Crocs by 159.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock worth $79,000 after acquiring an additional 459 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Crocs by 4.1% in the first 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 in the last quarter. EverSource Wealth Advisors LLC grew its stake in Crocs by 278.1% in the second quarter. EverSource Wealth Advisors LLC now owns 862 shares of the textile maker’s stock worth $87,000 after purchasing an additional 634 shares in the last quarter. First Trust Advisors LP increased its holdings in Crocs by 14.3% during the 2nd quarter. First Trust Advisors LP now owns 112,217 shares of the textile maker’s stock worth $11,365,000 after purchasing an additional 14,067 shares during the period. Finally, Marshall Wace LLP purchased a new position in Crocs during the 2nd quarter worth $6,290,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Trading Up 0.2%

NASDAQ CROX opened at $97.16 on Friday. Crocs, Inc. has a 52 week low of $73.21 and a 52 week high of $118.91. The company has a 50 day moving average price of $92.05 and a 200 day moving average price of $88.18. The company has a quick ratio of 1.04, a current ratio of 1.67 and a debt-to-equity ratio of 0.93. The firm has a market cap of $4.83 billion, a PE ratio of -70.41, a price-to-earnings-growth ratio of 0.95 and a beta of 1.54.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.21. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The company had revenue of $921.46 million during the quarter, compared to the consensus estimate of $900.57 million. During the same period last year, the firm earned $3.00 earnings per share. Crocs’s revenue was down 1.7% compared to the same quarter last year. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. As a group, sell-side analysts forecast that Crocs, Inc. will post 13.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Piper Sandler reiterated a “neutral” rating and issued a $95.00 target price on shares of Crocs in a report on Thursday, February 12th. The Goldman Sachs Group raised their price target on Crocs from $71.00 to $81.00 and gave the company a “sell” rating in a research note on Friday, February 13th. Stifel Nicolaus lifted their price objective on Crocs from $90.00 to $99.00 and gave the company a “hold” rating in a report on Friday, February 13th. Wall Street Zen raised shares of Crocs from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Crocs in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $103.73.

Insider Buying and Selling at Crocs

In other news, EVP Anne Mehlman sold 12,145 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $100.06, for a total value of $1,215,228.70. Following the completion of the sale, the executive vice president owned 131,112 shares of the company’s stock, valued at $13,119,066.72. This trade represents a 8.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by insiders.

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.