Arrowstreet Capital Limited Partnership Sells 639,970 Shares of Crocs, Inc. $CROX

Arrowstreet Capital Limited Partnership lowered its position in Crocs, Inc. (NASDAQ:CROX) by 48.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 673,686 shares of the textile maker’s stock after selling 639,970 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.23% of Crocs worth $68,231,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Boston Partners boosted its position in Crocs by 2,659.1% in the second quarter. Boston Partners now owns 1,688,383 shares of the textile maker’s stock worth $171,003,000 after purchasing an additional 1,627,190 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Crocs by 4.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,362,318 shares of the textile maker’s stock worth $144,678,000 after purchasing an additional 53,916 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Crocs by 10.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,154,676 shares of the textile maker’s stock worth $122,608,000 after purchasing an additional 108,076 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Crocs by 15.4% in the first quarter. Alliancebernstein L.P. now owns 1,115,733 shares of the textile maker’s stock worth $118,491,000 after buying an additional 148,964 shares during the last quarter. Finally, LSV Asset Management grew its position in Crocs by 21.9% during the second quarter. LSV Asset Management now owns 1,073,120 shares of the textile maker’s stock valued at $108,686,000 after buying an additional 192,860 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on CROX shares. Monness Crespi & Hardt upped their target price on shares of Crocs from $92.00 to $100.00 and gave the company a “buy” rating in a report on Friday, October 31st. Bank of America cut their price objective on shares of Crocs from $99.00 to $98.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Needham & Company LLC raised their target price on Crocs from $89.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Barclays lifted their target price on Crocs from $81.00 to $86.00 and gave the company an “equal weight” rating in a research report on Friday, October 31st. Finally, KeyCorp cut their price target on Crocs from $120.00 to $95.00 and set an “overweight” rating for the company in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $103.42.

Insider Transactions at Crocs

In related news, Director John B. Replogle acquired 3,000 shares of Crocs stock in a transaction dated Tuesday, November 11th. The shares were purchased at an average price of $74.50 per share, for a total transaction of $223,500.00. Following the completion of the transaction, the director directly owned 18,417 shares in the company, valued at approximately $1,372,066.50. This represents a 19.46% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by company insiders.

Crocs Price Performance

Shares of Crocs stock opened at $88.24 on Friday. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 28.74 and a beta of 1.54. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.97. The stock’s 50-day simple moving average is $81.79 and its 200-day simple moving average is $90.88. Crocs, Inc. has a 52 week low of $73.21 and a 52 week high of $122.84.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, October 30th. The textile maker reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.56. The firm had revenue of $996.30 million during the quarter, compared to analysts’ expectations of $960.14 million. Crocs had a return on equity of 43.14% and a net margin of 4.48%.The firm’s revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the business posted $3.60 earnings per share. Crocs has set its Q4 2025 guidance at 1.820-1.92 EPS. As a group, analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

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.