The Manufacturers Life Insurance Company Takes $4.17 Million Position in Crocs, Inc. $CROX

The Manufacturers Life Insurance Company purchased a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 34,600 shares of the textile maker’s stock, valued at approximately $4,174,000. The Manufacturers Life Insurance Company owned about 0.07% of Crocs at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC lifted its holdings in Crocs by 96.3% in the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 157 shares during the last quarter. Parallel Advisors LLC grew its position in Crocs by 60.2% in the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after acquiring an additional 186 shares during the period. Global Retirement Partners LLC acquired a new stake in Crocs during the second quarter worth $42,000. Allworth Financial LP purchased a new stake in Crocs in the second quarter valued at $53,000. Finally, Persistent Asset Partners Ltd purchased a new stake in Crocs in the second quarter valued at $55,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Down 4.2%

NASDAQ:CROX opened at $115.28 on Wednesday. Crocs, Inc. has a 52 week low of $73.21 and a 52 week high of $141.28. The stock’s fifty day moving average is $129.03 and its two-hundred day moving average is $110.34. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 1.00 and a beta of 1.52. The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.94.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data 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 business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The company’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($8.82) earnings per share. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Research analysts anticipate that Crocs, Inc. will post 13.95 EPS for the current year.

Insiders Place Their Bets

In other Crocs news, CEO Andrew Rees sold 32,688 shares of Crocs stock in a transaction dated 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 transaction, the chief executive officer directly owned 743,293 shares of the company’s stock, valued at $87,775,470.37. The trade was a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 62,688 shares of company stock valued at $8,014,859. Insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CROX. Scotiabank started coverage on Crocs in a research note on Monday, June 8th. They issued an “outperform” rating on the stock. Royal Bank Of Canada assumed coverage on shares of Crocs in a report on Monday, June 8th. They issued an “overweight” rating on the stock. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $95.00 target price on shares of Crocs in a research report on Friday, July 31st. Piper Sandler reaffirmed an “overweight” rating on shares of Crocs in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Crocs in a research report on Monday, June 8th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Crocs has a consensus rating of “Moderate Buy” and an average target price 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.