Swiss National Bank Trims Stock Position in Crocs, Inc. $CROX

Swiss National Bank cut its holdings in Crocs, Inc. (NASDAQ:CROX) by 4.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,700 shares of the textile maker’s stock after selling 5,000 shares during the quarter. Swiss National Bank owned approximately 0.21% of Crocs worth $8,526,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CROX. NewEdge Advisors LLC raised its position in shares of Crocs by 1.1% during the 2nd quarter. NewEdge Advisors LLC now owns 10,710 shares of the textile maker’s stock worth $1,085,000 after purchasing an additional 120 shares during the last quarter. Root Financial Partners LLC grew its holdings in Crocs by 96.3% during the 1st quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after buying an additional 157 shares during the last quarter. L2 Asset Management LLC increased its position in Crocs by 5.4% during the fourth quarter. L2 Asset Management LLC now owns 3,319 shares of the textile maker’s stock worth $284,000 after buying an additional 169 shares in the last quarter. Parallel Advisors LLC increased its position in Crocs by 60.2% during the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after buying an additional 186 shares in the last quarter. Finally, Kestra Investment Management LLC raised its holdings in shares of Crocs by 7.2% in the second quarter. Kestra Investment Management LLC now owns 2,800 shares of the textile maker’s stock worth $284,000 after acquiring an additional 187 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Trading Down 0.1%

Shares of CROX stock opened at $134.54 on Tuesday. The firm has a market cap of $6.69 billion, a P/E ratio of -97.49, a PEG ratio of 1.39 and a beta of 1.55. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $140.42. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 1.04. The firm’s 50-day simple moving average is $123.86 and its 200-day simple moving average is $102.24.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share (EPS) for the quarter, topping 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 business had revenue of $921.46 million for the quarter, compared to analysts’ expectations of $900.57 million. During the same period last year, the company earned $3.00 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. As a group, equities analysts forecast that Crocs, Inc. will post 13.66 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CROX shares. Robert W. Baird upgraded Crocs from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $115.00 to $150.00 in a research report on Monday, June 8th. Seaport Research Partners lifted their price objective on Crocs from $135.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Bank of America boosted their target price on shares of Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Needham & Company LLC upped their target price on shares of Crocs from $132.00 to $150.00 and gave the company a “buy” rating in a report on Friday. Finally, The Goldman Sachs Group cut shares of Crocs from a “sell” rating to a “neutral” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $128.00.

Insider Buying and Selling at Crocs

In other Crocs news, CEO Andrew Rees sold 32,688 shares of Crocs stock in a transaction on Friday, June 5th. The shares were sold at an average price of $118.09, for a total value of $3,860,125.92. Following the transaction, the chief executive officer owned 743,293 shares in the company, valued at $87,775,470.37. This trade represents a 4.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is currently owned by company insiders.

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.