Crocs, Inc. $CROX Holdings Trimmed by Geode Capital Management LLC

Geode Capital Management LLC trimmed its position in shares of Crocs, Inc. (NASDAQ:CROX) by 5.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,037,493 shares of the textile maker’s stock after selling 58,159 shares during the period. Geode Capital Management LLC owned 2.00% of Crocs worth $88,744,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CROX. AQR Capital Management LLC grew its position in Crocs by 399.0% during the 3rd quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock worth $105,841,000 after purchasing an additional 1,012,943 shares in the last quarter. Smead Capital Management Inc. purchased a new position in shares of Crocs during the 3rd quarter valued at $52,978,000. American Century Companies Inc. grew its holdings in shares of Crocs by 144.4% during the 3rd quarter. American Century Companies Inc. now owns 717,402 shares of the textile maker’s stock valued at $59,939,000 after acquiring an additional 423,817 shares in the last quarter. LSV Asset Management grew its holdings in shares of Crocs by 33.1% during the 4th quarter. LSV Asset Management now owns 1,474,037 shares of the textile maker’s stock valued at $126,060,000 after acquiring an additional 366,537 shares in the last quarter. Finally, Voss Capital LP grew its holdings in shares of Crocs by 65.2% during the 3rd quarter. Voss Capital LP now owns 665,000 shares of the textile maker’s stock valued at $55,561,000 after acquiring an additional 262,500 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Stifel Nicolaus boosted their price target on shares of Crocs from $90.00 to $99.00 and gave the company a “hold” rating in a report on Friday, February 13th. Needham & Company LLC boosted their price target on shares of Crocs from $118.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Piper Sandler restated a “neutral” rating and set a $95.00 price target on shares of Crocs in a report on Thursday, February 12th. The Goldman Sachs Group boosted their price target on shares of Crocs from $71.00 to $81.00 and gave the company a “sell” rating in a report on Friday, February 13th. Finally, Barclays boosted their price target on shares of Crocs from $109.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $108.00.

Crocs Stock Performance

Shares of NASDAQ:CROX opened at $119.35 on Monday. The stock has a market capitalization of $5.93 billion, a PE ratio of -86.48, a P/E/G ratio of 1.23 and a beta of 1.57. Crocs, Inc. has a 1 year low of $73.21 and a 1 year high of $122.34. The firm has a fifty day moving average price of $102.07 and a 200 day moving average price of $91.86. The company has a current ratio of 1.67, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, April 30th. The textile maker reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.21. The firm had revenue of $921.46 million during the quarter, compared to analysts’ expectations of $900.57 million. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. Crocs’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.00 earnings per share. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. Analysts expect that Crocs, Inc. will post 13.67 EPS for the current fiscal year.

Crocs Company 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.