Empowered Funds LLC Grows Holdings in Crocs, Inc. $CROX

Empowered Funds LLC grew its position in shares of Crocs, Inc. (NASDAQ:CROX) by 50.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 114,072 shares of the textile maker’s stock after purchasing an additional 38,442 shares during the quarter. Empowered Funds LLC’s holdings in Crocs were worth $11,553,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Signaturefd LLC boosted its position in Crocs by 65.3% during the first quarter. Signaturefd LLC now owns 686 shares of the textile maker’s stock worth $73,000 after acquiring an additional 271 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Crocs in the first quarter valued at $273,000. Larson Financial Group LLC grew its position in shares of Crocs by 541.8% in the first quarter. Larson Financial Group LLC now owns 353 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 298 shares during the period. Victory Capital Management Inc. lifted its position in Crocs by 29.6% during the first quarter. Victory Capital Management Inc. now owns 36,563 shares of the textile maker’s stock worth $3,883,000 after buying an additional 8,353 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Crocs by 60.7% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 49,662 shares of the textile maker’s stock worth $5,274,000 after buying an additional 18,759 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Transactions at Crocs

In other news, Director John B. Replogle acquired 3,000 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were bought at an average price of $74.50 per share, for a total transaction of $223,500.00. Following the completion of the purchase, the director directly owned 18,417 shares of the company’s stock, valued at approximately $1,372,066.50. This trade represents a 19.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Piper Sandler downgraded shares of Crocs from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $95.00 to $75.00 in a research note on Monday, September 22nd. Barclays increased their target price on Crocs from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Friday, October 31st. Weiss Ratings downgraded Crocs from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, November 13th. Stifel Nicolaus raised their price objective on Crocs from $85.00 to $90.00 and gave the stock a “hold” rating in a report on Friday, October 31st. Finally, Zacks Research upgraded Crocs from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $103.42.

Crocs Trading Up 0.5%

NASDAQ:CROX opened at $77.57 on Wednesday. The business’s 50-day moving average is $80.56 and its two-hundred day moving average is $92.90. The firm has a market capitalization of $4.03 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 1.97 and a beta of 1.51. Crocs, Inc. has a 12 month low of $73.21 and a 12 month high of $122.84. 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 issued its earnings results on Thursday, October 30th. The textile maker reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.56. The company had revenue of $996.30 million during the quarter, compared to the consensus estimate of $960.14 million. Crocs had a return on equity of 44.15% and a net margin of 5.72%.The company’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.60 earnings per share. Crocs has set its Q4 2025 guidance at 1.820-1.92 EPS. Research analysts predict 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.