Norges Bank Takes Position in Crocs, Inc. $CROX

Norges Bank purchased a new stake in shares of Crocs, Inc. (NASDAQ:CROX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 789,817 shares of the textile maker’s stock, valued at approximately $67,545,000.

Several other large investors have also recently modified their holdings of CROX. AQR Capital Management LLC raised its stake in shares of Crocs by 399.0% during the third quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock valued at $105,841,000 after acquiring an additional 1,012,943 shares during the last quarter. Smead Capital Management Inc. bought a new position in shares of Crocs during the third quarter valued at $52,978,000. American Century Companies Inc. raised its stake in shares of Crocs by 144.4% during the third quarter. American Century Companies Inc. now owns 717,402 shares of the textile maker’s stock valued at $59,939,000 after acquiring an additional 423,817 shares during the last quarter. LSV Asset Management raised its stake in shares of Crocs by 33.1% during the fourth quarter. LSV Asset Management now owns 1,474,037 shares of the textile maker’s stock valued at $126,060,000 after acquiring an additional 366,537 shares during the last quarter. Finally, Voss Capital LP raised its stake in shares of Crocs by 65.2% during the third quarter. Voss Capital LP now owns 665,000 shares of the textile maker’s stock valued at $55,561,000 after acquiring an additional 262,500 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Trading Down 1.8%

NASDAQ CROX opened at $119.35 on Friday. The business has a 50 day simple moving average of $102.07 and a 200 day simple moving average of $91.76. Crocs, Inc. has a one year low of $73.21 and a one year high of $122.34. The stock 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 current ratio of 1.67 and a quick ratio of 1.04.

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

Analyst Ratings Changes

Several research firms have recently issued reports on CROX. BTIG Research began coverage on shares of Crocs in a research note on Tuesday, March 10th. They set a “neutral” rating for the company. UBS Group raised their price target on shares of Crocs from $97.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Piper Sandler reissued a “neutral” rating and set a $95.00 target price on shares of Crocs in a research note on Thursday, February 12th. Needham & Company LLC lifted their target price 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. Finally, Wall Street Zen raised shares of Crocs from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $108.00.

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.