16,687 Shares in Crocs, Inc. $CROX Acquired by Stonehage Fleming Financial Services Holdings Ltd

Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Crocs, Inc. (NASDAQ:CROX) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,687 shares of the textile maker’s stock, valued at approximately $2,013,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CROX. Redwood Investment Management LLC purchased a new stake in Crocs during the second quarter worth $1,163,000. Corient Private Wealth LP purchased a new position in shares of Crocs in the second quarter valued at $2,872,000. Pillsbury Lake Capital LLC acquired a new position in shares of Crocs during the 2nd quarter worth $9,115,800,000. Bank of America Corp DE acquired a new position in shares of Crocs during the 2nd quarter worth $33,820,000. Finally, Man Group plc purchased a new stake in shares of Crocs in the 2nd quarter worth about $3,138,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CROX. UBS Group increased their price objective on shares of Crocs from $107.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Bank of America upped their price target on shares of Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Robert W. Baird set a $163.00 price target on shares of Crocs in a research report on Friday, July 31st. Wedbush started coverage on shares of Crocs in a research note on Monday, June 8th. They set an “outperform” rating for the company. Finally, Monness Crespi & Hardt lifted their price objective on Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Crocs has an average rating of “Moderate Buy” and a consensus price target of $139.10.

Insider Transactions at Crocs

In other Crocs news, CEO Andrew Rees sold 19,072 shares of the company’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 completion of the sale, the chief executive officer directly owned 713,293 shares in the company, valued at $99,083,530.63. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 62,688 shares of company stock worth $8,014,859 over the last ninety days. 3.10% of the stock is currently owned by insiders.

Crocs Stock Down 1.6%

CROX opened at $121.69 on Friday. Crocs, Inc. has a 12 month low of $73.21 and a 12 month high of $141.28. The business has a 50-day moving average of $129.28 and a two-hundred day moving average of $109.59. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 1.03 and a beta of 1.53.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $4.35 by $0.20. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. Crocs’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned ($8.82) EPS. 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, research analysts expect that Crocs, Inc. will post 13.95 earnings per share for the current 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.