Hsbc Holdings PLC Cuts Stock Position in Crocs, Inc. $CROX

Hsbc Holdings PLC lessened its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 15.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,335 shares of the textile maker’s stock after selling 15,127 shares during the quarter. Hsbc Holdings PLC’s holdings in Crocs were worth $7,221,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Torren Management LLC acquired a new position in shares of Crocs in the fourth quarter valued at approximately $39,000. Parallel Advisors LLC boosted its position in Crocs by 60.2% in the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after buying an additional 186 shares during the period. FNY Investment Advisers LLC purchased a new position in Crocs in the 3rd quarter valued at approximately $48,000. National Bank of Canada FI grew its stake in shares of Crocs by 597.3% in the third quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock worth $65,000 after acquiring an additional 663 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Crocs in the fourth quarter worth $68,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CROX. Seaport Research Partners upgraded Crocs from a “neutral” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Tuesday, April 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Crocs in a research note on Monday. Williams Trading set a $150.00 price target on Crocs in a report on Tuesday, June 9th. Royal Bank Of Canada assumed coverage on Crocs in a research report on Monday, June 8th. They issued an “overweight” rating on the stock. Finally, Wall Street Zen upgraded Crocs from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.00.

Insider Activity

In other news, CEO Andrew Rees sold 32,688 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the completion of the transaction, the chief executive officer directly owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. This represents a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.10% of the company’s stock.

Crocs Price Performance

Shares of CROX opened at $122.44 on Thursday. Crocs, Inc. has a twelve month low of $73.21 and a twelve month high of $129.79. The firm’s fifty day simple moving average is $115.21 and its 200-day simple moving average is $98.05. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of -88.72, a PEG ratio of 1.29 and a beta of 1.55. 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 earnings results on Thursday, April 30th. The textile maker reported $2.99 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 the consensus estimate of $900.57 million. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Equities analysts forecast 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.