Clear Harbor Asset Management LLC Takes $1.25 Million Position in Crocs, Inc. $CROX

Clear Harbor Asset Management LLC purchased a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 10,352 shares of the textile maker’s stock, valued at approximately $1,249,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CROX. NewEdge Advisors LLC lifted its holdings in shares of Crocs by 1.1% during the second quarter. NewEdge Advisors LLC now owns 10,710 shares of the textile maker’s stock worth $1,085,000 after purchasing an additional 120 shares during the period. Root Financial Partners LLC lifted its stake in shares of Crocs by 96.3% in the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock worth $27,000 after acquiring an additional 157 shares during the period. L2 Asset Management LLC boosted its holdings in Crocs by 5.4% in the fourth quarter. L2 Asset Management LLC now owns 3,319 shares of the textile maker’s stock valued at $284,000 after acquiring an additional 169 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Crocs by 4.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,490 shares of the textile maker’s stock valued at $373,000 after acquiring an additional 176 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in Crocs by 60.2% during the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 186 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Trading Down 0.8%

NASDAQ:CROX opened at $122.11 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96. The firm has a 50-day moving average of $129.45 and a 200-day moving average of $108.37. The company has a market cap of $5.85 billion, a PE ratio of 10.55, a PEG ratio of 1.02 and a beta of 1.53. Crocs, Inc. has a one year low of $73.21 and a one year high of $141.28.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, beating the consensus estimate of $4.35 by $0.20. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($8.82) EPS. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. As a group, equities research analysts expect that Crocs, Inc. will post 13.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CROX shares. Weiss Ratings raised shares of Crocs from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. UBS Group lifted their target price on shares of Crocs from $107.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Bank of America boosted their target price on shares of Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Royal Bank Of Canada assumed coverage on Crocs in a report on Monday, June 8th. They set an “overweight” rating on the stock. Finally, Williams Trading set a $150.00 target price on Crocs in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.10.

Insider Buying and Selling at Crocs

In related news, CEO Andrew Rees sold 32,688 shares of Crocs stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the transaction, the chief executive officer owned 743,293 shares of the company’s stock, valued at $87,775,470.37. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 62,688 shares of company stock valued at $8,014,859 in the last 90 days. 3.10% of the stock is owned by company insiders.

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.