Smead Capital Management Inc. Lowers Holdings in Crocs, Inc. $CROX

Smead Capital Management Inc. lowered its position in shares of Crocs, Inc. (NASDAQ:CROX) by 6.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 594,690 shares of the textile maker’s stock after selling 39,392 shares during the quarter. Crocs comprises approximately 1.1% of Smead Capital Management Inc.’s holdings, making the stock its 27th largest holding. Smead Capital Management Inc. owned approximately 1.15% of Crocs worth $50,858,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Torren Management LLC purchased a new stake in shares of Crocs during the 4th quarter worth about $39,000. Parallel Advisors LLC grew its holdings in shares of Crocs by 60.2% during the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after purchasing an additional 186 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Crocs during the 3rd quarter worth about $48,000. IMA Advisory Services Inc. grew its holdings in shares of Crocs by 72.7% during the 3rd quarter. IMA Advisory Services Inc. now owns 646 shares of the textile maker’s stock worth $54,000 after purchasing an additional 272 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Crocs by 159.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock worth $79,000 after purchasing an additional 459 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

CROX has been the subject of a number of research reports. BTIG Research initiated coverage on Crocs in a report on Tuesday, March 10th. They set a “neutral” rating for the company. Stifel Nicolaus boosted their target price on Crocs from $90.00 to $99.00 and gave the stock a “hold” rating in a report on Friday, February 13th. Barclays boosted their target price on Crocs from $109.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Weiss Ratings cut Crocs from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, February 23rd. Finally, UBS Group upped their price target on Crocs from $97.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $103.73.

Crocs Stock Up 1.4%

NASDAQ CROX opened at $110.44 on Friday. The stock has a market cap of $5.49 billion, a PE ratio of -80.03, a P/E/G ratio of 1.08 and a beta of 1.54. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $113.16. The business has a 50 day moving average price of $94.25 and a two-hundred day moving average price of $88.89. 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 (NASDAQ:CROX) last released its quarterly 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 firm had revenue of $921.46 million during the quarter, compared to analysts’ expectations of $900.57 million. Crocs had a positive return on equity of 48.29% and a negative net margin of 2.58%.Crocs’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.00 EPS. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. As a group, sell-side analysts predict that Crocs, Inc. will post 13.67 EPS 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.