Spartan Wealth Advisory Services LLC Takes $431,000 Position in Crocs, Inc. $CROX

Spartan Wealth Advisory Services LLC bought a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,193 shares of the textile maker’s stock, valued at approximately $431,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Step Capital Management Pte. Ltd. acquired a new stake in shares of Crocs during the fourth quarter worth $1,710,000. Marshall Financial Group LLC bought a new stake in shares of Crocs in the fourth quarter valued at about $1,237,000. MH & Associates Securities Management Corp ADV acquired a new position in shares of Crocs in the fourth quarter valued at about $1,736,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Crocs by 92.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,982 shares of the textile maker’s stock valued at $2,564,000 after acquiring an additional 14,393 shares in the last quarter. Finally, Himalaya Capital Management LLC acquired a new position in shares of Crocs in the fourth quarter valued at about $53,720,000. Institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on CROX. Needham & Company LLC lifted their price objective on shares of Crocs from $118.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Wedbush began coverage on shares of Crocs in a research report on Monday, June 8th. They set an “outperform” rating on the stock. Stifel Nicolaus increased their target price on shares of Crocs from $105.00 to $125.00 and gave the stock a “hold” rating in a research report on Monday, June 15th. Scotiabank initiated coverage on shares of Crocs in a report on Monday, June 8th. They set an “outperform” rating on the stock. Finally, The Goldman Sachs Group downgraded shares of Crocs from a “sell” rating to a “neutral” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.00.

Crocs Stock Performance

CROX opened at $137.13 on Monday. 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 $140.42. The firm has a market cap of $6.81 billion, a P/E ratio of -99.37, a price-to-earnings-growth ratio of 1.42 and a beta of 1.55. The business’s fifty day moving average is $119.40 and its 200-day moving average is $100.20.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, April 30th. The textile maker reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.21. The business had revenue of $921.46 million during the quarter, compared to the consensus estimate of $900.57 million. Crocs had a positive return on equity of 48.29% and a negative net margin of 2.58%.Crocs’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. Sell-side analysts expect that Crocs, Inc. will post 13.67 EPS for the current fiscal year.

Insider Activity at Crocs

In other news, CEO Andrew Rees sold 32,688 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the completion of the sale, the chief executive officer owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. This represents a 4.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.

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.