AQR Capital Management LLC Cuts Holdings in Crocs, Inc. $CROX

AQR Capital Management LLC lessened its stake in Crocs, Inc. (NASDAQ:CROX) by 8.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,728 shares of the textile maker’s stock after selling 5,512 shares during the period. AQR Capital Management LLC owned approximately 0.11% of Crocs worth $6,285,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CROX. PNC Financial Services Group Inc. boosted its stake in shares of Crocs by 4.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,136 shares of the textile maker’s stock valued at $333,000 after purchasing an additional 126 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Crocs by 26.5% in the 1st quarter. Parallel Advisors LLC now owns 630 shares of the textile maker’s stock valued at $67,000 after purchasing an additional 132 shares in the last quarter. Wedbush Securities Inc. raised its holdings in Crocs by 5.5% during the 1st quarter. Wedbush Securities Inc. now owns 2,591 shares of the textile maker’s stock valued at $275,000 after buying an additional 135 shares during the last quarter. ProShare Advisors LLC raised its holdings in Crocs by 5.3% during the 4th quarter. ProShare Advisors LLC now owns 2,726 shares of the textile maker’s stock valued at $299,000 after buying an additional 137 shares during the last quarter. Finally, Whipplewood Advisors LLC raised its holdings in Crocs by 20.9% during the 1st quarter. Whipplewood Advisors LLC now owns 1,064 shares of the textile maker’s stock valued at $113,000 after buying an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Trading Down 4.3%

NASDAQ:CROX opened at $77.43 on Friday. The company has a 50-day moving average price of $93.04 and a 200-day moving average price of $99.17. Crocs, Inc. has a 12 month low of $73.76 and a 12 month high of $151.13. The company has a current ratio of 1.54, a quick ratio of 0.97 and a debt-to-equity ratio of 0.97. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 1.86 and a beta of 1.40.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, August 7th. The textile maker reported $4.23 EPS for the quarter, topping the consensus estimate of $4.01 by $0.22. Crocs had a net margin of 5.72% and a return on equity of 44.15%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the company posted $4.01 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. Crocs has set its Q3 2025 guidance at EPS. Equities analysts predict that Crocs, Inc. will post 13.2 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on CROX. Stifel Nicolaus reiterated a “hold” rating and set a $85.00 price target (down from $127.00) on shares of Crocs in a report on Friday, August 8th. Bank of America lowered their price target on shares of Crocs from $135.00 to $99.00 and set a “buy” rating for the company in a report on Friday, August 8th. UBS Group lowered their price target on shares of Crocs from $110.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, August 11th. The Goldman Sachs Group lowered their price target on shares of Crocs from $88.00 to $87.00 and set a “sell” rating for the company in a report on Tuesday, July 22nd. Finally, Needham & Company LLC upped their price target on shares of Crocs from $89.00 to $100.00 and gave the company a “buy” rating in a report on Friday, August 29th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Crocs currently has a consensus rating of “Moderate Buy” and an average target price of $105.33.

Insider Activity

In related news, EVP Susan L. Healy bought 2,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was purchased at an average cost of $76.56 per share, with a total value of $153,120.00. Following the transaction, the executive vice president owned 50,078 shares in the company, valued at approximately $3,833,971.68. This trade represents a 4.16% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John B. Replogle bought 3,261 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was bought at an average cost of $76.69 per share, with a total value of $250,086.09. Following the completion of the transaction, the director owned 15,417 shares in the company, valued at approximately $1,182,329.73. This trade represents a 26.83% increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.00% of the company’s stock.

About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.