Catalyst Capital Advisors LLC Sells 470 Shares of Crocs, Inc. $CROX

Catalyst Capital Advisors LLC lessened its position in shares of Crocs, Inc. (NASDAQ:CROX) by 6.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 6,473 shares of the textile maker’s stock after selling 470 shares during the period. Catalyst Capital Advisors LLC’s holdings in Crocs were worth $656,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Louisiana State Employees Retirement System increased its position in shares of Crocs by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 15,800 shares of the textile maker’s stock worth $1,600,000 after acquiring an additional 100 shares in the last quarter. TD Private Client Wealth LLC increased its position in shares of Crocs by 4.7% during the second quarter. TD Private Client Wealth LLC now owns 2,493 shares of the textile maker’s stock worth $252,000 after acquiring an additional 113 shares in the last quarter. Blue Trust Inc. increased its position in shares of Crocs by 4.7% during the second quarter. Blue Trust Inc. now owns 2,571 shares of the textile maker’s stock worth $260,000 after acquiring an additional 116 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Crocs by 4.2% during the first quarter. PNC Financial Services Group Inc. now owns 3,136 shares of the textile maker’s stock worth $333,000 after acquiring an additional 126 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its position in shares of Crocs by 1.8% during the second quarter. Vontobel Holding Ltd. now owns 7,216 shares of the textile maker’s stock worth $731,000 after acquiring an additional 126 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Trading Down 2.7%

Shares of CROX stock opened at $82.82 on Friday. Crocs, Inc. has a 52-week low of $73.76 and a 52-week high of $139.96. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.97 and a current ratio of 1.54. The company has a 50-day simple moving average of $82.89 and a two-hundred day simple moving average of $94.68. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 1.98 and a beta of 1.43.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $4.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.22. Crocs had a net margin of 5.72% and a return on equity of 44.15%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm posted $4.01 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. Crocs has set its Q3 2025 guidance at EPS. Research analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on CROX. UBS Group decreased their target price on shares of Crocs from $110.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, August 11th. Needham & Company LLC boosted their target price on shares of Crocs from $89.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Barclays reissued an “equal weight” rating and set a $81.00 target price (down from $119.00) on shares of Crocs in a research report on Friday, August 8th. Piper Sandler downgraded shares of Crocs from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $95.00 to $75.00 in a research report on Monday, September 22nd. Finally, KeyCorp decreased their target price on shares of Crocs from $120.00 to $95.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Crocs currently has an average rating of “Hold” and an average target price of $101.92.

Insider Transactions at Crocs

In related news, EVP Susan L. Healy bought 2,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were purchased at an average cost of $76.56 per share, for a total transaction of $153,120.00. Following the completion of the purchase, the executive vice president directly owned 50,078 shares in the company, valued at $3,833,971.68. The trade was a 4.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John B. Replogle bought 3,261 shares of the company’s stock in a transaction on Friday, August 8th. The stock was bought at an average price of $76.69 per share, for a total transaction of $250,086.09. Following the completion of the purchase, the director owned 15,417 shares of the company’s stock, valued at approximately $1,182,329.73. The trade was a 26.83% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company’s stock.

Crocs Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.