Empowered Funds LLC Makes New Investment in Crocs, Inc. $CROX

Empowered Funds LLC purchased a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the 2nd quarter, HoldingsChannel reports. The firm purchased 48,526 shares of the textile maker’s stock, valued at approximately $5,854,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CROX. BlackRock Inc. acquired a new stake in shares of Crocs in the 2nd quarter valued at $561,223,000. LSV Asset Management increased its position in Crocs by 33.1% during the fourth quarter. LSV Asset Management now owns 1,474,037 shares of the textile maker’s stock worth $126,060,000 after buying an additional 366,537 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Crocs by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,447,096 shares of the textile maker’s stock worth $123,760,000 after buying an additional 11,630 shares during the last quarter. AQR Capital Management LLC raised its holdings in Crocs by 399.0% during the third quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock valued at $105,841,000 after buying an additional 1,012,943 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Crocs by 5.8% during the second quarter. Alliancebernstein L.P. now owns 1,180,405 shares of the textile maker’s stock valued at $119,551,000 after buying an additional 64,672 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Stock Performance

Crocs stock opened at $122.23 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49. The business’s 50-day simple moving average is $129.22 and its 200-day simple moving average is $109.85. The firm has a market capitalization of $5.86 billion, a PE ratio of 10.56, a PEG ratio of 1.02 and a beta of 1.53. Crocs, Inc. has a 52 week low of $73.21 and a 52 week high of $141.28.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, beating the consensus estimate of $4.35 by $0.20. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Equities research analysts forecast that Crocs, Inc. will post 13.95 earnings per share for the current year.

Insider Activity at Crocs

In other news, CEO Andrew Rees sold 32,688 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $118.09, for a total value of $3,860,125.92. Following the completion of the sale, the chief executive officer directly owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. This represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 62,688 shares of company stock worth $8,014,859 in the last three months. 3.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CROX. Monness Crespi & Hardt boosted their price target on Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Piper Sandler reissued an “overweight” rating on shares of Crocs in a report on Friday, July 31st. Scotiabank began coverage on Crocs in a research note on Monday, June 8th. They issued an “outperform” rating on the stock. Royal Bank Of Canada started coverage on Crocs in a report on Monday, June 8th. They issued an “overweight” rating for the company. Finally, Wells Fargo & Company assumed coverage on Crocs in a research report on Monday, June 8th. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $139.10.

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.