Royal Bank of Canada Purchases 12,538 Shares of Crocs, Inc. $CROX

Royal Bank of Canada increased its position in Crocs, Inc. (NASDAQ:CROX) by 31.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 52,072 shares of the textile maker’s stock after acquiring an additional 12,538 shares during the quarter. Royal Bank of Canada’s holdings in Crocs were worth $4,324,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CROX. Himalaya Capital Management LLC acquired a new position in Crocs in the 4th quarter valued at approximately $53,720,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Crocs by 92.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,982 shares of the textile maker’s stock worth $2,564,000 after purchasing an additional 14,393 shares during the period. Landscape Capital Management L.L.C. acquired a new position in shares of Crocs during the fourth quarter worth $3,800,000. Morningstar Investment Management LLC bought a new stake in shares of Crocs in the first quarter worth $867,000. Finally, NewEdge Wealth LLC bought a new stake in shares of Crocs in the fourth quarter worth $971,000. Institutional investors own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

CROX has been the subject of several analyst reports. The Goldman Sachs Group reaffirmed a “sell” rating and set a $95.00 target price on shares of Crocs in a research report on Friday, July 31st. Wedbush initiated coverage on Crocs in a research note on Monday, June 8th. They issued an “outperform” rating for the company. Needham & Company LLC raised their price objective on Crocs from $132.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Scotiabank started coverage on Crocs in a research note on Monday, June 8th. They issued an “outperform” rating on the stock. Finally, Robert W. Baird set a $163.00 target price on Crocs in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $139.10.

Insider Activity

In other news, CEO Andrew Rees sold 32,688 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the completion of the sale, the chief executive officer owned 743,293 shares of the company’s stock, valued at $87,775,470.37. This trade represents a 4.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders sold 62,688 shares of company stock worth $8,014,859. 3.10% of the stock is currently owned by corporate insiders.

Crocs Stock Up 1.5%

Shares of NASDAQ:CROX opened at $132.56 on Friday. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 11.46, a P/E/G ratio of 1.09 and a beta of 1.53. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96. The business’s 50-day moving average is $129.03 and its 200-day moving average is $106.71. Crocs, Inc. has a 1 year low of $73.21 and a 1 year high of $141.28.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, topping the consensus estimate of $4.35 by $0.20. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted ($8.82) earnings per share. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Equities research analysts predict that Crocs, Inc. will post 13.95 earnings per share for the current 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.