Morningstar Investment Management LLC Buys New Holdings in Crocs, Inc. $CROX

Morningstar Investment Management LLC purchased a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,439 shares of the textile maker’s stock, valued at approximately $867,000.

Other large investors have also bought and sold shares of the company. NewEdge Advisors LLC increased its stake in Crocs by 1.1% in the 2nd quarter. NewEdge Advisors LLC now owns 10,710 shares of the textile maker’s stock worth $1,085,000 after purchasing an additional 120 shares during the period. Root Financial Partners LLC boosted its stake in shares of Crocs by 96.3% during the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 157 shares during the period. L2 Asset Management LLC boosted its stake in shares of Crocs by 5.4% during the fourth quarter. L2 Asset Management LLC now owns 3,319 shares of the textile maker’s stock valued at $284,000 after purchasing an additional 169 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Crocs by 4.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,490 shares of the textile maker’s stock worth $373,000 after purchasing an additional 176 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Crocs by 60.2% in the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after purchasing an additional 186 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs News Summary

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Needham raised its price target on Crocs to $150 and reiterated a Buy rating, signaling confidence in further upside. Street Insider article
• Positive Sentiment: Bank of America boosted its target to $160 and said sustained North American direct-to-consumer growth could support a higher valuation multiple. Proactive Investors article
• Positive Sentiment: Technical momentum remains strong, with CROX trading near recent highs after a sizable three-month advance and a new 52-week high earlier this month. Barchart article
• Neutral Sentiment: Investors are waiting for Q2 results, with expectations supported by brand strength, DTC growth and international momentum, but not enough clarity yet to call for a clear earnings beat. Zacks earnings preview
• Neutral Sentiment: Crocs’ stock has risen sharply over the past few months, but some investors are weighing whether the rally has already priced in much of the good news. Zacks strategy article
• Negative Sentiment: Tariff pressures, margin concerns and weakness in the HEYDUDE brand remain key headwinds that could limit upside if Q2 results disappoint. Zacks earnings preview

Crocs Price Performance

Shares of NASDAQ CROX opened at $134.72 on Friday. Crocs, Inc. has a 1 year low of $73.21 and a 1 year high of $140.42. The stock has a market capitalization of $6.69 billion, a P/E ratio of -97.62, a P/E/G ratio of 1.39 and a beta of 1.55. The company’s 50-day moving average is $123.11 and its 200 day moving average is $101.81. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 1.04.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, April 30th. The textile maker reported $2.99 EPS for the quarter, topping the consensus estimate of $2.78 by $0.21. The business had revenue of $921.46 million during the quarter, compared to analyst estimates of $900.57 million. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. Crocs’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business 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. On average, sell-side analysts expect that Crocs, Inc. will post 13.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CROX shares. Stifel Nicolaus lifted their target price on shares of Crocs from $105.00 to $125.00 and gave the stock a “hold” rating in a research note on Monday, June 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of Crocs in a research report on Monday, July 6th. Piper Sandler raised shares of Crocs from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $95.00 to $150.00 in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft began coverage on shares of Crocs in a research report on Monday, June 8th. They issued a “buy” rating on the stock. Finally, Wall Street Zen raised shares of Crocs from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $128.00.

Insider Activity

In other news, CEO Andrew Rees sold 32,688 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $118.09, for a total value of $3,860,125.92. Following the completion of the transaction, the chief executive officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.10% of the company’s stock.

Crocs 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.