Redwood Investment Management LLC Buys Shares of 9,641 Crocs, Inc. $CROX

Redwood Investment Management LLC acquired a new position in Crocs, Inc. (NASDAQ:CROX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,641 shares of the textile maker’s stock, valued at approximately $1,163,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Root Financial Partners LLC raised its position in Crocs by 96.3% in the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock worth $27,000 after purchasing an additional 157 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Crocs in the second quarter valued at $42,000. Allworth Financial LP acquired a new position in Crocs during the second quarter worth $53,000. Persistent Asset Partners Ltd acquired a new position in Crocs during the second quarter worth $55,000. Finally, Torren Management LLC bought a new position in shares of Crocs during the fourth quarter valued at $39,000. Institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CROX. Needham & Company LLC boosted their target price on shares of Crocs from $132.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Scotiabank began coverage on shares of Crocs in a research report on Monday, June 8th. They set an “outperform” rating for the company. Robert W. Baird set a $163.00 price target on shares of Crocs in a report on Friday, July 31st. Wedbush started coverage on shares of Crocs in a research report on Monday, June 8th. They issued an “outperform” rating on the stock. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Crocs in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $139.10.

Crocs Price Performance

Crocs stock opened at $123.64 on Thursday. The business’s fifty day moving average is $129.34 and its two-hundred day moving average is $109.33. 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 firm has a market cap of $5.93 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.03 and a beta of 1.53. Crocs, Inc. has a 52 week low of $73.21 and a 52 week high of $141.28.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $4.35 by $0.20. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($8.82) earnings per share. 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 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Andrew Rees sold 32,688 shares of the firm’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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 62,688 shares of company stock worth $8,014,859 over the last quarter. Corporate insiders own 3.10% of the company’s stock.

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.