Geode Capital Management LLC Has $88.74 Million Stake in Crocs, Inc. $CROX

Geode Capital Management LLC decreased its position in shares of Crocs, Inc. (NASDAQ:CROX) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,037,493 shares of the textile maker’s stock after selling 58,159 shares during the period. Geode Capital Management LLC’s holdings in Crocs were worth $88,744,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Step Capital Management Pte. Ltd. acquired a new position in Crocs during the 4th quarter worth $1,710,000. Marshall Financial Group LLC acquired a new position in Crocs during the 4th quarter worth $1,237,000. MH & Associates Securities Management Corp ADV acquired a new position in Crocs during the 4th quarter worth $1,736,000. Brevan Howard Capital Management LP lifted its position in Crocs by 41.6% during the 3rd quarter. Brevan Howard Capital Management LP now owns 44,212 shares of the textile maker’s stock worth $3,694,000 after acquiring an additional 12,995 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in Crocs by 92.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,982 shares of the textile maker’s stock worth $2,564,000 after acquiring an additional 14,393 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CROX shares. Bank of America boosted their target price on shares of Crocs from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday. Seaport Research Partners raised shares of Crocs from a “neutral” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Tuesday, April 14th. BTIG Research began coverage on shares of Crocs in a research report on Tuesday, March 10th. They set a “neutral” rating for the company. Weiss Ratings lowered shares of Crocs from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 23rd. Finally, Needham & Company LLC upped their price objective on shares of Crocs from $118.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $108.00.

Crocs Price Performance

Shares of CROX opened at $119.35 on Monday. The company has a 50-day simple moving average of $102.07 and a 200-day simple moving average of $91.86. The firm has a market capitalization of $5.93 billion, a P/E ratio of -86.48, a P/E/G ratio of 1.23 and a beta of 1.57. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.04 and a current ratio of 1.67. Crocs, Inc. has a 52 week low of $73.21 and a 52 week high of $122.34.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.21. The firm had revenue of $921.46 million during the quarter, compared to analyst estimates of $900.57 million. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.00 earnings per share. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. On average, equities research analysts expect that Crocs, Inc. will post 13.67 earnings per share 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.