New York State Common Retirement Fund Sells 86,623 Shares of Crocs, Inc. $CROX

New York State Common Retirement Fund lowered its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 60.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,900 shares of the textile maker’s stock after selling 86,623 shares during the quarter. New York State Common Retirement Fund’s holdings in Crocs were worth $5,662,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Schroder Investment Management Group raised its holdings in Crocs by 114.0% during the second quarter. Schroder Investment Management Group now owns 16,333 shares of the textile maker’s stock valued at $1,654,000 after buying an additional 8,702 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Crocs by 2.4% during the 2nd quarter. Loomis Sayles & Co. L P now owns 121,690 shares of the textile maker’s stock worth $12,325,000 after acquiring an additional 2,838 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Crocs by 14.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 7,672 shares of the textile maker’s stock valued at $777,000 after acquiring an additional 958 shares during the last quarter. Norges Bank bought a new position in shares of Crocs in the 2nd quarter valued at approximately $56,710,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Crocs by 7.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,599 shares of the textile maker’s stock worth $1,073,000 after purchasing an additional 691 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Stock Performance

NASDAQ CROX opened at $89.70 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.40 and a quick ratio of 0.83. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 29.22 and a beta of 1.54. The company’s fifty day moving average is $81.95 and its two-hundred day moving average is $90.55. Crocs, Inc. has a 52-week low of $73.21 and a 52-week high of $122.84.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, October 30th. The textile maker reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.56. Crocs had a net margin of 4.48% and a return on equity of 43.14%. The business had revenue of $996.30 million during the quarter, compared to analyst estimates of $960.14 million. During the same quarter in the prior year, the business earned $3.60 earnings per share. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. Crocs has set its Q4 2025 guidance at 1.820-1.92 EPS. Equities research analysts forecast that Crocs, Inc. will post 13.2 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on CROX shares. Piper Sandler downgraded Crocs from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $95.00 to $75.00 in a report on Monday, September 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Crocs in a research note on Friday. Bank of America dropped their target price on shares of Crocs from $99.00 to $98.00 and set a “buy” rating on the stock in a report on Tuesday, October 21st. Zacks Research raised Crocs from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. Finally, UBS Group reiterated a “neutral” rating and issued a $85.00 price objective on shares of Crocs in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Crocs presently has an average rating of “Hold” and a consensus target price of $103.42.

Insider Activity at Crocs

In other news, Director John B. Replogle acquired 3,000 shares of Crocs stock in a transaction on Tuesday, November 11th. The stock was bought at an average price of $74.50 per share, for a total transaction of $223,500.00. Following the transaction, the director owned 18,417 shares of the company’s stock, valued at $1,372,066.50. The trade was a 19.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

Crocs Profile

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.