Retirement Systems of Alabama Acquires 26,684 Shares of Crocs, Inc. $CROX

Retirement Systems of Alabama increased its holdings in Crocs, Inc. (NASDAQ:CROX) by 15.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,487 shares of the textile maker’s stock after purchasing an additional 26,684 shares during the period. Retirement Systems of Alabama owned 0.37% of Crocs worth $16,751,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CROX. Boston Partners lifted its holdings in shares of Crocs by 2,659.1% in the second quarter. Boston Partners now owns 1,688,383 shares of the textile maker’s stock worth $171,003,000 after buying an additional 1,627,190 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Crocs by 5.8% in the 2nd quarter. Alliancebernstein L.P. now owns 1,180,405 shares of the textile maker’s stock valued at $119,551,000 after acquiring an additional 64,672 shares during the last quarter. LSV Asset Management lifted its stake in Crocs by 21.9% in the 2nd quarter. LSV Asset Management now owns 1,073,120 shares of the textile maker’s stock worth $108,686,000 after purchasing an additional 192,860 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Crocs by 4.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 768,304 shares of the textile maker’s stock valued at $77,814,000 after purchasing an additional 31,083 shares during the last quarter. Finally, Patient Capital Management LLC boosted its holdings in shares of Crocs by 17.0% during the 3rd quarter. Patient Capital Management LLC now owns 588,794 shares of the textile maker’s stock valued at $49,194,000 after purchasing an additional 85,416 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Price Performance

Shares of Crocs stock opened at $84.15 on Wednesday. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 27.41 and a beta of 1.54. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.83 and a current ratio of 1.40. The stock has a 50 day moving average price of $86.27 and a 200-day moving average price of $86.10. Crocs, Inc. has a one year low of $73.21 and a one year high of $122.84.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, October 30th. The textile maker reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.56. The company had revenue of $996.30 million for the quarter, compared to analyst estimates of $960.14 million. Crocs had a return on equity of 43.14% and a net margin of 4.48%.Crocs’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.60 EPS. Crocs has set its Q4 2025 guidance at 1.820-1.92 EPS. Equities analysts expect that Crocs, Inc. will post 13.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CROX. Bank of America decreased their target price on Crocs from $99.00 to $98.00 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. Barclays lifted their price objective on Crocs from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Friday, October 31st. Weiss Ratings downgraded Crocs from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Zacks Research lowered shares of Crocs from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Finally, KeyCorp restated a “sector weight” rating on shares of Crocs in a research report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $99.25.

Insider Activity

In other news, Director John B. Replogle bought 3,000 shares of the stock in a transaction dated Tuesday, November 11th. The stock was purchased at an average price of $74.50 per share, for a total transaction of $223,500.00. Following the acquisition, the director owned 18,417 shares of the company’s stock, valued at $1,372,066.50. The trade was a 19.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.72% of the company’s stock.

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.