Voya Investment Management LLC raised its position in shares of Crocs, Inc. (NASDAQ:CROX – Free Report) by 45.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,240 shares of the textile maker’s stock after purchasing an additional 16,753 shares during the quarter. Voya Investment Management LLC owned about 0.09% of Crocs worth $5,654,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Belpointe Asset Management LLC raised its position in shares of Crocs by 90.9% during the first quarter. Belpointe Asset Management LLC now owns 5,873 shares of the textile maker’s stock worth $624,000 after purchasing an additional 2,797 shares during the period. Jupiter Wealth Management LLC raised its holdings in shares of Crocs by 13.9% during the first quarter. Jupiter Wealth Management LLC now owns 9,225 shares of the textile maker’s stock worth $1,058,000 after acquiring an additional 1,125 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Crocs by 60.4% during the first quarter. Intech Investment Management LLC now owns 49,641 shares of the textile maker’s stock worth $5,272,000 after acquiring an additional 18,697 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Crocs by 4.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 211,305 shares of the textile maker’s stock worth $22,441,000 after acquiring an additional 8,331 shares in the last quarter. Finally, Legacy Advisory Services LLC bought a new position in Crocs during the first quarter valued at about $429,000. 93.44% of the stock is owned by institutional investors.
Insider Activity
In related news, EVP Susan L. Healy purchased 2,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were purchased at an average cost of $76.56 per share, with a total value of $153,120.00. Following the acquisition, the executive vice president directly owned 50,078 shares in the company, valued at $3,833,971.68. The trade was a 4.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John B. Replogle bought 3,261 shares of the stock in a transaction dated Friday, August 8th. The shares were acquired at an average cost of $76.69 per share, for a total transaction of $250,086.09. Following the completion of the acquisition, the director directly owned 15,417 shares of the company’s stock, 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. 3.00% of the stock is owned by corporate insiders.
Crocs Trading Down 0.2%
Crocs (NASDAQ:CROX – Get Free Report) last issued its earnings results on Thursday, August 7th. The textile maker reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.01 by $0.22. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Crocs had a net margin of 5.72% and a return on equity of 44.15%. Crocs’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.01 EPS. Crocs has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.
Analysts Set New Price Targets
CROX has been the topic of several recent research reports. UBS Group cut their target price on Crocs from $110.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, August 11th. Monness Crespi & Hardt decreased their target price on Crocs from $140.00 to $92.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $85.00 target price (down previously from $127.00) on shares of Crocs in a research note on Friday, August 8th. The Goldman Sachs Group dropped their price objective on shares of Crocs from $88.00 to $87.00 and set a “sell” rating for the company in a research report on Tuesday, July 22nd. Finally, Needham & Company LLC lifted their target price on Crocs from $89.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Crocs presently has an average rating of “Moderate Buy” and a consensus target price of $105.33.
Check Out Our Latest Analysis on CROX
Crocs Profile
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.
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