Northwestern Mutual Wealth Management Co. Purchases 18,116 Shares of Crocs, Inc. $CROX

Northwestern Mutual Wealth Management Co. raised its position in shares of Crocs, Inc. (NASDAQ:CROX) by 157.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,606 shares of the textile maker’s stock after purchasing an additional 18,116 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Crocs were worth $2,532,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CROX. Torren Management LLC bought a new stake in shares of Crocs in the fourth quarter worth approximately $39,000. Parallel Advisors LLC grew its stake in shares of Crocs by 60.2% in the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after acquiring an additional 186 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Crocs in the third quarter worth approximately $48,000. IMA Advisory Services Inc. grew its stake in shares of Crocs by 72.7% in the third quarter. IMA Advisory Services Inc. now owns 646 shares of the textile maker’s stock worth $54,000 after acquiring an additional 272 shares during the period. Finally, National Bank of Canada FI grew its stake in shares of Crocs by 597.3% in the third quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock worth $65,000 after acquiring an additional 663 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CROX. Stifel Nicolaus lifted their price target on shares of Crocs from $90.00 to $99.00 and gave the stock a “hold” rating in a research note on Friday, February 13th. Barclays raised their price objective on shares of Crocs from $109.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Monness Crespi & Hardt lifted their price target on shares of Crocs from $100.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 13th. Williams Trading raised shares of Crocs from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Finally, Weiss Ratings downgraded shares of Crocs from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Crocs presently has an average rating of “Hold” and a consensus target price of $103.73.

Crocs Price Performance

Crocs stock opened at $110.44 on Tuesday. The company has a market cap of $5.49 billion, a price-to-earnings ratio of -80.03, a PEG ratio of 1.08 and a beta of 1.54. The firm’s fifty day moving average is $94.86 and its 200 day moving average is $89.17. The company has a quick ratio of 1.04, a current ratio of 1.67 and a debt-to-equity ratio of 0.93. Crocs, Inc. has a 52-week low of $73.21 and a 52-week high of $113.16.

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