Truist Financial Corp Boosts Holdings in Crocs, Inc. $CROX

Truist Financial Corp boosted its position in shares of Crocs, Inc. (NASDAQ:CROX) by 24.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,899 shares of the textile maker’s stock after buying an additional 1,932 shares during the quarter. Truist Financial Corp’s holdings in Crocs were worth $1,003,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CROX. TD Private Client Wealth LLC raised its holdings in shares of Crocs by 4.7% in the second quarter. TD Private Client Wealth LLC now owns 2,493 shares of the textile maker’s stock valued at $252,000 after acquiring an additional 113 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Crocs by 4.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,136 shares of the textile maker’s stock worth $333,000 after buying an additional 126 shares during the period. Wedbush Securities Inc. increased its holdings in Crocs by 5.5% in the 1st quarter. Wedbush Securities Inc. now owns 2,591 shares of the textile maker’s stock worth $275,000 after buying an additional 135 shares during the period. Klingman & Associates LLC boosted its position in Crocs by 0.7% in the 1st quarter. Klingman & Associates LLC now owns 30,334 shares of the textile maker’s stock worth $3,221,000 after purchasing an additional 219 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Crocs by 50.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 708 shares of the textile maker’s stock worth $75,000 after purchasing an additional 236 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Crocs

In other news, Director John B. Replogle bought 3,261 shares of the stock in a transaction on Friday, August 8th. The shares were bought at an average price of $76.69 per share, with a total value of $250,086.09. Following the completion of the acquisition, the director 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Susan L. Healy acquired 2,000 shares of Crocs stock in a transaction dated Tuesday, August 12th. The stock was bought at an average price of $76.56 per share, for a total transaction of $153,120.00. Following the completion of the transaction, the executive vice president directly owned 50,078 shares of the company’s stock, valued at approximately $3,833,971.68. This represents a 4.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Piper Sandler cut shares of Crocs from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $95.00 to $75.00 in a research note on Monday, September 22nd. Barclays reissued an “equal weight” rating and set a $81.00 price objective (down from $119.00) on shares of Crocs in a research report on Friday, August 8th. Citigroup downgraded Crocs to a “negative” rating in a research report on Tuesday, October 7th. Monness Crespi & Hardt lowered their price objective on Crocs from $140.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Finally, The Goldman Sachs Group lowered their price objective on Crocs from $88.00 to $87.00 and set a “sell” rating for the company in a research report on Tuesday, July 22nd. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $102.00.

Crocs Price Performance

Crocs stock opened at $81.49 on Tuesday. The business has a 50 day simple moving average of $83.14 and a 200-day simple moving average of $95.71. Crocs, Inc. has a 12 month low of $73.76 and a 12 month high of $144.23. The stock has a market capitalization of $4.45 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 1.77 and a beta of 1.43. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.54 and a quick ratio of 0.97.

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

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.