Handelsbanken Fonder AB Has $2.22 Million Holdings in Crocs, Inc. $CROX

Handelsbanken Fonder AB cut its stake in Crocs, Inc. (NASDAQ:CROX) by 18.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,400 shares of the textile maker’s stock after selling 4,300 shares during the period. Handelsbanken Fonder AB’s holdings in Crocs were worth $2,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of CROX. Root Financial Partners LLC increased its holdings in shares of Crocs by 96.3% in the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 157 shares in the last quarter. Torren Management LLC bought a new position in Crocs in the 4th quarter worth approximately $39,000. Parallel Advisors LLC lifted its holdings in Crocs by 60.2% during the 3rd 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. National Bank of Canada FI lifted its holdings in Crocs by 597.3% during the 3rd quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock worth $65,000 after buying an additional 663 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in Crocs in the 4th quarter valued at $68,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Andrew Rees sold 32,688 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.09, for a total value of $3,860,125.92. Following the completion of the sale, the chief executive officer directly owned 743,293 shares of the company’s stock, valued at $87,775,470.37. This represents a 4.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 62,688 shares of company stock worth $8,014,859. 3.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wells Fargo & Company began coverage on Crocs in a research note on Monday, June 8th. They issued a “buy” rating for the company. Bank of America raised their price target on Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. UBS Group lifted their price objective on Crocs from $107.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Stifel Nicolaus boosted their price objective on Crocs from $105.00 to $125.00 and gave the stock a “hold” rating in a report on Monday, June 15th. Finally, The Goldman Sachs Group reissued a “sell” rating and set a $95.00 price objective on shares of Crocs in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Crocs currently has an average rating of “Moderate Buy” and an average target price of $139.10.

Crocs Stock Performance

CROX stock opened at $131.72 on Monday. The business’s fifty day moving average is $129.28 and its 200-day moving average is $107.05. 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 company has a market cap of $6.31 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.53. Crocs, Inc. has a twelve month low of $73.21 and a twelve month high of $141.28.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.35 by $0.20. The business 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%.The firm’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the company 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. Equities research analysts forecast that Crocs, Inc. will post 13.95 EPS for the current year.

Crocs 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.