Foster & Motley Inc. Buys Shares of 4,160 Crocs, Inc. $CROX

Foster & Motley Inc. purchased a new stake in Crocs, Inc. (NASDAQ:CROX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,160 shares of the textile maker’s stock, valued at approximately $502,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Himalaya Capital Management LLC bought a new stake in shares of Crocs in the 4th quarter valued at about $53,720,000. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Crocs by 92.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,982 shares of the textile maker’s stock worth $2,564,000 after acquiring an additional 14,393 shares during the last quarter. Morningstar Investment Management LLC acquired a new position in Crocs during the first quarter valued at approximately $867,000. Landscape Capital Management L.L.C. acquired a new position in Crocs during the fourth quarter valued at approximately $3,800,000. Finally, NewEdge Wealth LLC acquired a new position in Crocs during the fourth quarter valued at approximately $971,000. 93.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CROX. Deutsche Bank Aktiengesellschaft began coverage on shares of Crocs in a report on Monday, June 8th. They issued a “buy” rating on the stock. Weiss Ratings raised shares of Crocs from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Stifel Nicolaus upped their price objective on shares of Crocs from $105.00 to $125.00 and gave the company a “hold” rating in a research report on Monday, June 15th. Piper Sandler reaffirmed an “overweight” rating on shares of Crocs in a research note on Friday, July 31st. Finally, Monness Crespi & Hardt raised their price objective on Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $139.10.

Crocs Price Performance

NASDAQ CROX opened at $123.09 on Friday. The business has a 50 day simple moving average of $129.51 and a 200 day simple moving average of $108.28. Crocs, Inc. has a 52-week low of $73.21 and a 52-week high of $141.28. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 1.05 and a beta of 1.53.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, topping the consensus estimate of $4.35 by $0.20. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company posted ($8.82) EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Analysts anticipate that Crocs, Inc. will post 13.95 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Andrew Rees sold 19,072 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the sale, the chief executive officer directly owned 713,293 shares in the company, valued at $99,083,530.63. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 62,688 shares of company stock worth $8,014,859 over the last ninety days. 3.10% of the stock is owned by corporate insiders.

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.