Crocs, Inc. $CROX Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB reduced its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,339 shares of the textile maker’s stock after selling 6,671 shares during the quarter. Nordea Investment Management AB owned 0.09% of Crocs worth $3,951,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH raised its holdings in Crocs by 20.1% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 221,091 shares of the textile maker’s stock valued at $18,472,000 after acquiring an additional 36,951 shares in the last quarter. Voss Capital LP acquired a new position in Crocs during the 2nd quarter worth $40,765,000. iA Global Asset Management Inc. bought a new stake in shares of Crocs in the 3rd quarter worth about $5,818,000. American Century Companies Inc. increased its position in shares of Crocs by 22.6% in the 2nd quarter. American Century Companies Inc. now owns 293,585 shares of the textile maker’s stock worth $29,734,000 after purchasing an additional 54,190 shares during the last quarter. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of Crocs in the 3rd quarter valued at about $3,206,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Activity at Crocs

In other news, EVP Anne Mehlman sold 12,145 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $100.06, for a total transaction of $1,215,228.70. Following the completion of the transaction, the executive vice president directly owned 131,112 shares of the company’s stock, valued at approximately $13,119,066.72. This represents a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

CROX has been the topic of several research analyst reports. Weiss Ratings cut shares of Crocs from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 23rd. BTIG Research started coverage on Crocs in a report on Tuesday, March 10th. They issued a “neutral” rating for the company. Monness Crespi & Hardt upped their price objective on Crocs from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Robert W. Baird set a $110.00 target price on Crocs in a report on Friday, February 13th. Finally, Barclays lifted their target price on Crocs from $86.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $103.42.

Crocs Trading Down 0.5%

Crocs stock opened at $79.54 on Friday. Crocs, Inc. has a 1 year low of $73.21 and a 1 year high of $122.84. The firm’s 50-day moving average is $86.00 and its 200-day moving average is $84.26. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.74 and a current ratio of 1.27. The company has a market cap of $4.00 billion, a P/E ratio of -63.13, a PEG ratio of 0.93 and a beta of 1.54.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, February 12th. The textile maker reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.37. The business had revenue of $957.64 million during the quarter, compared to the consensus estimate of $916.16 million. Crocs had a negative net margin of 2.01% and a positive return on equity of 45.17%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.52 EPS. Crocs has set its FY 2026 guidance at 12.880-13.350 EPS and its Q1 2026 guidance at 2.670-2.770 EPS. On average, equities analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current year.

About Crocs

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.