Sanctuary Advisors LLC Takes $701,000 Position in Crocs, Inc. $CROX

Sanctuary Advisors LLC purchased a new stake in Crocs, Inc. (NASDAQ:CROX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,814 shares of the textile maker’s stock, valued at approximately $701,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Globeflex Capital L P acquired a new stake in shares of Crocs during the 2nd quarter worth about $209,000. Clear Harbor Asset Management LLC purchased a new position in Crocs in the second quarter valued at approximately $1,249,000. Bank of Nova Scotia purchased a new position in Crocs in the second quarter valued at approximately $3,381,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Crocs during the second quarter worth approximately $659,000. Finally, Evolve Private Wealth LLC acquired a new stake in Crocs during the second quarter worth approximately $247,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Crocs news, CEO Andrew Rees sold 19,072 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the sale, the chief executive officer directly owned 713,293 shares in the company, valued at approximately $99,083,530.63. The trade was a 2.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 62,688 shares of company stock valued at $8,014,859 over the last three months. 3.10% of the stock is currently owned by company insiders.

Crocs Stock Up 0.4%

Shares of NASDAQ:CROX opened at $122.23 on Friday. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $141.28. The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.94. The firm’s 50-day simple moving average is $129.22 and its 200-day simple moving average is $109.67. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 1.02 and a beta of 1.53.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $4.35 by $0.20. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The firm’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 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. As a group, equities research analysts predict that Crocs, Inc. will post 13.95 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Needham & Company LLC lifted their price target on shares of Crocs from $132.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Robert W. Baird set a $163.00 price objective on shares of Crocs in a research note on Friday, July 31st. UBS Group raised their price objective on Crocs from $107.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Bank of America upped their target price on Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Monness Crespi & Hardt raised their price target on Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $139.10.

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.