Pillsbury Lake Capital LLC Purchases Shares of 75,562 Crocs, Inc. $CROX

Pillsbury Lake Capital LLC bought a new position in Crocs, Inc. (NASDAQ:CROX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 75,562 shares of the textile maker’s stock, valued at approximately $9,115,800. Crocs comprises about 0.0% of Pillsbury Lake Capital LLC’s portfolio, making the stock its 22nd biggest position. Pillsbury Lake Capital LLC owned approximately 0.16% of Crocs at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Crocs in the second quarter valued at about $561,223,000. LSV Asset Management boosted its position in Crocs by 33.1% in the 4th quarter. LSV Asset Management now owns 1,474,037 shares of the textile maker’s stock valued at $126,060,000 after buying an additional 366,537 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Crocs by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,447,096 shares of the textile maker’s stock worth $123,760,000 after purchasing an additional 11,630 shares during the last quarter. AQR Capital Management LLC boosted its position in Crocs by 399.0% during the third quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock worth $105,841,000 after acquiring an additional 1,012,943 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Crocs by 5.8% during the second quarter. Alliancebernstein L.P. now owns 1,180,405 shares of the textile maker’s stock worth $119,551,000 after buying an additional 64,672 shares during the period. 93.44% of the stock is owned by institutional investors.

Crocs Price Performance

Shares of CROX stock traded up $0.54 during trading hours on Friday, reaching $122.23. 845,214 shares of the company were exchanged, compared to its average volume of 1,204,059. The stock’s fifty day moving average is $129.28 and its two-hundred day moving average is $109.59. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $141.28. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 10.56, a P/E/G ratio of 1.03 and a beta of 1.53. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, beating the consensus estimate of $4.35 by $0.20. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business posted ($8.82) earnings per share. The firm’s 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. Sell-side analysts forecast that Crocs, Inc. will post 13.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Andrew Rees sold 32,688 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer 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 document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 62,688 shares of company stock valued at $8,014,859. Corporate insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

CROX has been the subject of a number of recent research reports. Bank of America boosted their price objective on shares of Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Piper Sandler reiterated an “overweight” rating on shares of Crocs in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft started coverage on shares of Crocs in a research note on Monday, June 8th. They set a “buy” rating for the company. Needham & Company LLC lifted their price target on shares of Crocs from $132.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Monness Crespi & Hardt lifted their price objective on Crocs from $130.00 to $160.00 and gave the company a “buy” rating 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 issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $139.10.

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.