Crocs, Inc. $CROX Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB trimmed its stake in Crocs, Inc. (NASDAQ:CROX) by 12.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 46,339 shares of the textile maker’s stock after selling 6,671 shares during the quarter. Nordea Investment Management AB’s holdings in Crocs were worth $3,951,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Parallel Advisors LLC increased its holdings in shares of Crocs by 60.2% in the 3rd 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. FNY Investment Advisers LLC bought a new stake in Crocs in the 3rd quarter valued at about $48,000. Employees Retirement System of Texas acquired a new position in Crocs during the 2nd quarter valued at about $49,000. IMA Advisory Services Inc. boosted its stake in Crocs by 72.7% during the 3rd quarter. IMA Advisory Services Inc. now owns 646 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 272 shares during the period. Finally, National Bank of Canada FI grew its position in Crocs by 597.3% in the 3rd quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock worth $65,000 after purchasing an additional 663 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Stock Down 0.5%

CROX stock opened at $79.54 on Friday. Crocs, Inc. has a 52 week low of $73.21 and a 52 week high of $122.84. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of -63.13, a price-to-earnings-growth ratio of 0.93 and a beta of 1.54. The firm’s 50-day moving average is $86.00 and its two-hundred day moving average is $84.26. The company has a current ratio of 1.27, a quick ratio of 0.74 and a debt-to-equity ratio of 0.95.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, February 12th. The textile maker reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.37. Crocs had a negative net margin of 2.01% and a positive return on equity of 45.17%. The company had revenue of $957.64 million during the quarter, compared to analyst estimates of $916.16 million. During the same period in the prior year, the business posted $2.52 EPS. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. Crocs has set its FY 2026 guidance at 12.880-13.350 EPS and its Q1 2026 guidance at 2.670-2.770 EPS. On average, analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on CROX shares. UBS Group raised their price target on shares of Crocs from $85.00 to $97.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. The Goldman Sachs Group boosted their price objective on Crocs from $71.00 to $81.00 and gave the stock a “sell” rating in a research report on Friday, February 13th. Needham & Company LLC increased their price objective on Crocs from $100.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. KeyCorp reaffirmed a “sector weight” rating on shares of Crocs in a research note on Thursday, January 22nd. Finally, BTIG Research began coverage on Crocs in a research report on Tuesday, March 10th. They set a “neutral” rating for the company. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $103.42.

Insiders Place Their Bets

In other Crocs news, EVP Anne Mehlman sold 12,145 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $100.06, for a total transaction of $1,215,228.70. Following the completion of the transaction, the executive vice president directly owned 131,112 shares of the company’s stock, valued at approximately $13,119,066.72. This trade represents a 8.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by company insiders.

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.