NewEdge Wealth LLC Purchases 5,831 Shares of Crocs, Inc. $CROX

NewEdge Wealth LLC grew its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 51.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 17,187 shares of the textile maker’s stock after purchasing an additional 5,831 shares during the quarter. NewEdge Wealth LLC’s holdings in Crocs were worth $1,427,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Step Capital Management Pte. Ltd. purchased a new stake in shares of Crocs in the 4th quarter worth $1,710,000. MH & Associates Securities Management Corp ADV bought a new position in Crocs in the 4th quarter worth $1,736,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in Crocs by 92.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,982 shares of the textile maker’s stock valued at $2,564,000 after purchasing an additional 14,393 shares in the last quarter. Himalaya Capital Management LLC purchased a new position in Crocs during the fourth quarter valued at $53,720,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Crocs during the fourth quarter valued at about $3,800,000. Institutional investors own 93.44% of the company’s stock.

Crocs Stock Performance

Shares of Crocs stock opened at $134.72 on Monday. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $140.42. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.04 and a current ratio of 1.67. The company has a market capitalization of $6.69 billion, a P/E ratio of -97.62, a P/E/G ratio of 1.39 and a beta of 1.55. The company has a fifty day moving average of $123.11 and a 200 day moving average of $101.92.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, April 30th. The textile maker reported $2.99 EPS 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 business had revenue of $921.46 million for the quarter, compared to analysts’ expectations of $900.57 million. During the same period last year, the firm earned $3.00 earnings per share. The business’s quarterly revenue was down 1.7% on a year-over-year basis. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. On average, sell-side analysts anticipate that Crocs, Inc. will post 13.66 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Andrew Rees sold 32,688 shares of the 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 sale, the chief executive officer owned 743,293 shares in the company, valued at approximately $87,775,470.37. This trade represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

More Crocs News

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Needham raised its price target on Crocs to $150 and reiterated a Buy rating, signaling confidence in further upside. Street Insider article
• Positive Sentiment: Bank of America boosted its target to $160 and said sustained North American direct-to-consumer growth could support a higher valuation multiple. Proactive Investors article
• Positive Sentiment: Technical momentum remains strong, with CROX trading near recent highs after a sizable three-month advance and a new 52-week high earlier this month. Barchart article
• Neutral Sentiment: Investors are waiting for Q2 results, with expectations supported by brand strength, DTC growth and international momentum, but not enough clarity yet to call for a clear earnings beat. Zacks earnings preview
• Neutral Sentiment: Crocs’ stock has risen sharply over the past few months, but some investors are weighing whether the rally has already priced in much of the good news. Zacks strategy article
• Negative Sentiment: Tariff pressures, margin concerns and weakness in the HEYDUDE brand remain key headwinds that could limit upside if Q2 results disappoint. Zacks earnings preview

Analyst Ratings Changes

A number of analysts have commented on CROX shares. Bank of America upped their price target on Crocs from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday. Williams Trading set a $150.00 price objective on Crocs in a research report on Tuesday, June 9th. UBS Group upgraded Crocs from a “neutral” rating to a “buy” rating in a research note on Monday, June 8th. Barclays increased their target price on shares of Crocs from $109.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, Piper Sandler upgraded shares of Crocs from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $95.00 to $150.00 in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $128.00.

Crocs Company 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.