Northwestern Mutual Wealth Management Co. Buys Shares of 5,462 Crocs, Inc. $CROX

Northwestern Mutual Wealth Management Co. purchased a new position in Crocs, Inc. (NASDAQ:CROX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,462 shares of the textile maker’s stock, valued at approximately $659,000.

A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Crocs in the 2nd quarter worth $561,223,000. AQR Capital Management LLC increased its position in Crocs by 399.0% in the third quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock worth $105,841,000 after buying an additional 1,012,943 shares in the last quarter. Norges Bank bought a new position in shares of Crocs in the fourth quarter worth about $67,545,000. Himalaya Capital Management LLC bought a new position in shares of Crocs in the fourth quarter worth about $53,720,000. Finally, Fuller & Thaler Asset Management Inc. lifted its position in shares of Crocs by 78.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 907,988 shares of the textile maker’s stock valued at $77,651,000 after buying an additional 399,964 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Needham & Company LLC increased their target price on shares of Crocs from $132.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Williams Trading set a $150.00 price target on shares of Crocs in a research report on Tuesday, June 9th. Weiss Ratings raised shares of Crocs from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Seaport Research Partners raised their price objective on shares of Crocs from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, Piper Sandler restated an “overweight” rating on shares of Crocs in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Crocs currently has an average rating of “Moderate Buy” and an average target price of $139.10.

Insider Activity

In other news, CEO Andrew Rees sold 19,072 shares of Crocs stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $138.91, for a total value of $2,649,291.52. Following the sale, the chief executive officer directly owned 713,293 shares of the company’s stock, valued at approximately $99,083,530.63. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 62,688 shares of company stock valued at $8,014,859 over the last quarter. Insiders own 3.10% of the company’s stock.

Crocs Price Performance

Shares of NASDAQ:CROX opened at $123.64 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49. The firm has a fifty day moving average price of $129.34 and a 200 day moving average price of $109.33. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $141.28. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of 10.69, a P/E/G ratio of 1.03 and a beta of 1.53.

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 analysts’ consensus estimates of $4.35 by $0.20. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. Crocs’s revenue for the quarter was up 2.6% compared to the same quarter last year. 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, sell-side analysts expect that Crocs, Inc. will post 13.95 earnings per share 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.