Delta Global Management LP Takes Position in Crocs, Inc. $CROX

Delta Global Management LP bought a new stake in Crocs, Inc. (NASDAQ:CROX) during the 4th quarter, Holdings Channel reports. The fund bought 27,591 shares of the textile maker’s stock, valued at approximately $2,360,000.

Several other hedge funds also recently modified their holdings of CROX. AQR Capital Management LLC boosted its stake in Crocs by 399.0% during the 3rd 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 during the last quarter. Norges Bank bought a new position in Crocs during the 4th quarter worth approximately $67,545,000. Smead Capital Management Inc. acquired a new stake in Crocs during the 3rd quarter worth approximately $52,978,000. American Century Companies Inc. raised its holdings in Crocs by 144.4% during the 3rd quarter. American Century Companies Inc. now owns 717,402 shares of the textile maker’s stock worth $59,939,000 after buying an additional 423,817 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in Crocs by 78.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 907,988 shares of the textile maker’s stock worth $77,651,000 after buying an additional 399,964 shares during the period. Institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Stifel Nicolaus raised their target price on shares of Crocs from $105.00 to $125.00 and gave the stock a “hold” rating in a report on Monday. Piper Sandler downgraded shares of Crocs from a “neutral” rating to a “neutral” rating in a report on Monday, June 8th. Bank of America raised their target price on shares of Crocs from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. UBS Group upgraded shares of Crocs from a “neutral” rating to a “buy” rating in a report on Monday, June 8th. Finally, Needham & Company LLC raised their target price on shares of Crocs from $118.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Crocs presently has a consensus rating of “Moderate Buy” and an average price target of $120.00.

Insiders Place Their Bets

In related news, CEO Andrew Rees sold 32,688 shares of the business’s 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 directly owned 743,293 shares in the company, valued at approximately $87,775,470.37. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.

Crocs Price Performance

NASDAQ CROX opened at $126.27 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.67 and a debt-to-equity ratio of 0.93. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $129.45. The company has a market capitalization of $6.27 billion, a PE ratio of -91.50, a price-to-earnings-growth ratio of 1.29 and a beta of 1.57. The firm’s 50 day moving average is $107.22 and its 200-day moving average is $93.74.

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

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.