Sterling Capital Management LLC Purchases 7,324 Shares of Crocs, Inc. $CROX

Sterling Capital Management LLC boosted its position in Crocs, Inc. (NASDAQ:CROX) by 195.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,065 shares of the textile maker’s stock after buying an additional 7,324 shares during the quarter. Sterling Capital Management LLC’s holdings in Crocs were worth $919,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Torren Management LLC acquired a new stake in shares of Crocs in the fourth quarter valued at approximately $39,000. Parallel Advisors LLC increased its stake in Crocs by 60.2% in the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after buying an additional 186 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Crocs in the 3rd quarter valued at $48,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 buying an additional 459 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in Crocs by 597.3% during the 3rd quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock worth $65,000 after buying an additional 663 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

CROX has been the subject of several analyst reports. Seaport Research Partners upgraded Crocs from a “neutral” rating to a “buy” rating and set a $135.00 price objective for the company in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft began coverage on Crocs in a report on Monday, June 8th. They set a “buy” rating on the stock. BTIG Research started coverage on Crocs in a research report on Tuesday, March 10th. They set a “neutral” rating for the company. Piper Sandler upgraded Crocs from a “neutral” rating to an “overweight” rating and raised their price target for the company from $95.00 to $150.00 in a research note on Friday. Finally, Needham & Company LLC boosted their price target on Crocs from $118.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Crocs currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.00.

Crocs Stock Down 3.7%

Shares of CROX opened at $120.64 on Wednesday. Crocs, Inc. has a one year low of $73.21 and a one year high of $129.79. The company has a market cap of $5.99 billion, a P/E ratio of -87.42, a P/E/G ratio of 1.29 and a beta of 1.57. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 1.04. The firm has a 50 day simple moving average of $112.93 and a two-hundred day simple moving average of $96.59.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.21. Crocs had a positive return on equity of 48.29% and a negative net margin of 2.58%.The firm had revenue of $921.46 million for the quarter, compared to the consensus estimate of $900.57 million. During the same quarter last year, the business posted $3.00 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. Research analysts forecast that Crocs, Inc. will post 13.67 EPS for the current fiscal year.

Insider Transactions at Crocs

In other Crocs news, CEO Andrew Rees sold 32,688 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the completion of the transaction, the chief executive officer owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is currently owned by corporate insiders.

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.