Legal & General Group Plc Purchases Shares of 67,385 Crocs, Inc. $CROX

Legal & General Group Plc acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 67,385 shares of the textile maker’s stock, valued at approximately $8,129,000. Legal & General Group Plc owned about 0.14% of Crocs as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Crocs during the second quarter worth approximately $561,223,000. AQR Capital Management LLC lifted its holdings in Crocs by 399.0% during the 3rd quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock worth $105,841,000 after purchasing an additional 1,012,943 shares during the last quarter. Patient Capital Management LLC bought a new stake in Crocs in the 2nd quarter valued at $96,443,000. Norges Bank bought a new stake in Crocs in the 4th quarter valued at $67,545,000. Finally, Himalaya Capital Management LLC acquired a new position in Crocs in the 4th quarter valued at $53,720,000. Institutional investors own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CROX has been the subject of a number of research reports. Weiss Ratings raised Crocs from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Wells Fargo & Company started coverage on shares of Crocs in a research report on Monday, June 8th. They set a “buy” rating on the stock. Royal Bank Of Canada assumed coverage on shares of Crocs in a research note on Monday, June 8th. They issued an “overweight” rating for the company. Barclays boosted their price objective on shares of Crocs from $110.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Finally, Monness Crespi & Hardt increased their target price on shares of Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $139.10.

Insider Buying and Selling at Crocs

In other news, CEO Andrew Rees sold 19,072 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the completion of the transaction, the chief executive officer directly owned 713,293 shares in the company, valued at approximately $99,083,530.63. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 62,688 shares of company stock worth $8,014,859 over the last quarter. Insiders own 3.10% of the company’s stock.

Crocs Stock Down 4.2%

CROX stock opened at $115.28 on Wednesday. The stock has a market capitalization of $5.53 billion, a P/E ratio of 9.96, a price-to-earnings-growth ratio of 1.00 and a beta of 1.52. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94. Crocs, Inc. has a 12 month low of $73.21 and a 12 month high of $141.28. The firm has a 50-day moving average price of $129.03 and a 200-day moving average price of $110.34.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $0.20. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($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 anticipate that Crocs, Inc. will post 13.95 EPS for the current fiscal year.

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.