Northwestern Mutual Wealth Management Co. Acquires Shares of 5,462 Crocs, Inc. $CROX

Northwestern Mutual Wealth Management Co. bought a new position in Crocs, Inc. (NASDAQ:CROX) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,462 shares of the textile maker’s stock, valued at approximately $659,000.

Several other institutional investors also recently modified their holdings of the business. Root Financial Partners LLC boosted its stake in Crocs by 96.3% during the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock worth $27,000 after acquiring an additional 157 shares in the last quarter. Torren Management LLC bought a new position in shares of Crocs during the fourth quarter valued at approximately $39,000. Parallel Advisors LLC lifted its holdings in shares of Crocs by 60.2% during the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 186 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Crocs during the second quarter valued at approximately $42,000. Finally, Allworth Financial LP bought a new stake in shares of Crocs in the 2nd quarter worth approximately $53,000. 93.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CROX shares. Wedbush assumed coverage on Crocs in a research note on Monday, June 8th. They issued an “outperform” rating on the stock. The Goldman Sachs Group reissued a “sell” rating and issued a $95.00 target price on shares of Crocs in a report on Friday, July 31st. Weiss Ratings raised Crocs from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Royal Bank Of Canada began coverage on Crocs in a research report on Monday, June 8th. They issued an “overweight” rating for the company. Finally, Stifel Nicolaus upped their price target on shares of Crocs from $105.00 to $125.00 and gave the stock a “hold” rating in a research note on Monday, June 15th. One 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 issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $139.10.

Insiders Place Their Bets

In other news, CEO Andrew Rees sold 19,072 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the transaction, the chief executive officer directly owned 713,293 shares of the company’s stock, valued at $99,083,530.63. This represents a 2.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 62,688 shares of company stock worth $8,014,859. 3.10% of the stock is currently owned by insiders.

Crocs Stock Up 0.6%

CROX stock opened at $123.64 on Thursday. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $141.28. The business has a fifty day moving average price of $129.34 and a 200-day moving average price of $109.33. 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 stock has a market capitalization of $5.93 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.03 and a beta of 1.53.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, topping the consensus estimate of $4.35 by $0.20. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%.Crocs’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the company earned ($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. Equities analysts forecast that Crocs, Inc. will post 13.95 earnings per share for the current fiscal year.

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.