Castleark Management LLC Acquires New Holdings in Crocs, Inc. $CROX

Castleark Management LLC bought a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the second quarter, Holdings Channel reports. The firm bought 85,810 shares of the textile maker’s stock, valued at approximately $10,352,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Crocs by 159.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock worth $79,000 after buying an additional 459 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Crocs by 4.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 211,305 shares of the textile maker’s stock worth $22,441,000 after acquiring an additional 8,331 shares during the period. EverSource Wealth Advisors LLC lifted its position in Crocs by 278.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 862 shares of the textile maker’s stock worth $87,000 after acquiring an additional 634 shares during the last quarter. First Trust Advisors LP boosted its holdings in Crocs by 14.3% during the second quarter. First Trust Advisors LP now owns 112,217 shares of the textile maker’s stock valued at $11,365,000 after acquiring an additional 14,067 shares during the period. Finally, Marshall Wace LLP bought a new stake in Crocs during the second quarter valued at about $6,290,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Transactions at Crocs

In other news, CEO Andrew Rees sold 19,072 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $138.91, for a total value of $2,649,291.52. Following the completion of the transaction, the chief executive officer owned 713,293 shares in the company, valued at approximately $99,083,530.63. This represents a 2.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 62,688 shares of company stock valued at $8,014,859. Insiders own 3.10% of the company’s stock.

Crocs Trading Down 2.3%

Crocs stock opened at $122.89 on Wednesday. The business has a 50 day moving average price of $129.36 and a two-hundred day moving average price of $109.06. The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.94. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 1.05 and a beta of 1.53. Crocs, Inc. has a 12 month low of $73.21 and a 12 month high of $141.28.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, topping 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 return on equity of 47.75% and a net margin of 14.64%.Crocs’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 analysts forecast that Crocs, Inc. will post 13.95 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Weiss Ratings upgraded Crocs from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Robert W. Baird set a $163.00 target price on Crocs in a report on Friday, July 31st. Wells Fargo & Company started coverage on Crocs in a research report on Monday, June 8th. They issued a “buy” rating on the stock. Seaport Research Partners upped their price target on Crocs from $135.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, Barclays raised their price objective on shares of Crocs from $110.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $139.10.

About Crocs

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.