UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 11,184 Shares of Crocs, Inc. $CROX

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 6.3% during the second quarter, Holdings Channel reports. The fund owned 165,407 shares of the textile maker’s stock after selling 11,184 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Crocs were worth $19,955,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CROX. Himalaya Capital Management LLC acquired a new position in Crocs in the 4th quarter valued at about $53,720,000. Morningstar Investment Management LLC bought a new stake in shares of Crocs during the first quarter worth approximately $867,000. Landscape Capital Management L.L.C. acquired a new position in shares of Crocs in the fourth quarter valued at approximately $3,800,000. Oldfield Partners LLP bought a new position in shares of Crocs during the second quarter worth approximately $2,449,000. Finally, X Square Capital LLC bought a new position in shares of Crocs during the second quarter worth approximately $2,931,000. Institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Williams Trading set a $150.00 price target on Crocs in a research note on Tuesday, June 9th. Bank of America increased their price objective on Crocs from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Piper Sandler reissued an “overweight” rating on shares of Crocs in a research report on Friday, July 31st. Needham & Company LLC upped their price target on shares of Crocs from $132.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Royal Bank Of Canada assumed coverage on shares of Crocs in a research report on Monday, June 8th. They set an “overweight” rating on the stock. One research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $139.10.

Insider Activity at Crocs

In other news, CEO Andrew Rees sold 19,072 shares of the business’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

Crocs Price Performance

Shares of CROX stock opened at $117.53 on Friday. The business has a fifty day simple moving average of $128.68 and a 200 day simple moving average of $110.65. The company has a market cap of $5.63 billion, a P/E ratio of 10.16, a P/E/G ratio of 0.97 and a beta of 1.52. 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 twelve month low of $73.21 and a twelve month high of $141.28.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.35 by $0.20. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business earned ($8.82) earnings per share. The company’s revenue for the quarter 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. On average, sell-side analysts forecast that Crocs, Inc. will post 13.95 EPS 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.