M&T Bank Corp Buys New Position in Crocs, Inc. $CROX

M&T Bank Corp bought a new stake in Crocs, Inc. (NASDAQ:CROX) in the fourth quarter, HoldingsChannel reports. The fund bought 16,523 shares of the textile maker’s stock, valued at approximately $1,430,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Crocs by 24.3% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 62,960 shares of the textile maker’s stock worth $5,389,000 after acquiring an additional 12,310 shares during the period. Bayforest Capital Ltd lifted its position in Crocs by 28.1% during the 4th quarter. Bayforest Capital Ltd now owns 3,281 shares of the textile maker’s stock worth $281,000 after acquiring an additional 719 shares during the period. Lecap Asset Management Ltd. acquired a new stake in Crocs during the 4th quarter worth approximately $605,000. Farther Finance Advisors LLC lifted its position in Crocs by 196.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,031 shares of the textile maker’s stock worth $174,000 after acquiring an additional 1,345 shares during the period. Finally, MH & Associates Securities Management Corp ADV acquired a new stake in Crocs during the 4th quarter worth approximately $1,736,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group increased their price objective on Crocs from $85.00 to $97.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Piper Sandler reaffirmed a “neutral” rating and set a $95.00 price objective on shares of Crocs in a research report on Thursday, February 12th. Robert W. Baird set a $110.00 price objective on Crocs in a research report on Friday, February 13th. Barclays increased their price objective on Crocs from $86.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Finally, Monness Crespi & Hardt increased their price objective on Crocs from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Crocs currently has a consensus rating of “Hold” and an average price target of $102.73.

Insider Activity

In other news, EVP Anne Mehlman sold 12,145 shares of the stock in a transaction that occurred 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 represents a 8.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.

Crocs Stock Performance

Shares of CROX stock opened at $100.14 on Thursday. The company has a market cap of $5.01 billion, a price-to-earnings ratio of -79.48, a price-to-earnings-growth ratio of 1.20 and a beta of 1.54. The stock has a 50 day simple moving average of $90.59 and a 200-day simple moving average of $87.00. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $122.84. 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 earnings results on Thursday, February 12th. The textile maker reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.37. The business had revenue of $957.64 million during the quarter, compared to the consensus estimate of $916.16 million. Crocs had a positive return on equity of 45.17% and a negative net margin of 2.01%.The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.52 EPS. 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, equities analysts forecast that Crocs, Inc. will post 13.38 EPS for the current year.

Crocs 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.