NewEdge Wealth LLC Increases Stock Position in Crocs, Inc. $CROX

NewEdge Wealth LLC raised its position in Crocs, Inc. (NASDAQ:CROX) by 51.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,187 shares of the textile maker’s stock after acquiring an additional 5,831 shares during the quarter. NewEdge Wealth LLC’s holdings in Crocs were worth $1,427,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CROX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Crocs by 159.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock worth $79,000 after purchasing an additional 459 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Crocs by 4.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 211,305 shares of the textile maker’s stock valued at $22,441,000 after purchasing an additional 8,331 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Crocs by 278.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 862 shares of the textile maker’s stock worth $87,000 after buying an additional 634 shares during the period. First Trust Advisors LP lifted its holdings in Crocs by 14.3% in the 2nd quarter. First Trust Advisors LP now owns 112,217 shares of the textile maker’s stock worth $11,365,000 after buying an additional 14,067 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Crocs in the 2nd quarter worth approximately $6,290,000. 93.44% of the stock is owned by institutional investors.

Crocs Stock Performance

Shares of NASDAQ CROX opened at $134.72 on Monday. The firm’s 50-day moving average price is $123.11 and its 200-day moving average price is $101.92. Crocs, Inc. has a 52-week low of $73.21 and a 52-week high of $140.42. The company has a market cap of $6.69 billion, a PE ratio of -97.62, a PEG ratio of 1.39 and a beta of 1.55. The company has a quick ratio of 1.04, a current ratio of 1.67 and a debt-to-equity ratio of 0.93.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, April 30th. The textile maker reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.21. The firm had revenue of $921.46 million during the quarter, compared to analysts’ expectations of $900.57 million. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $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. As a group, analysts anticipate that Crocs, Inc. will post 13.66 EPS for the current year.

Insider Buying and Selling

In other Crocs news, CEO Andrew Rees sold 32,688 shares of Crocs stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $118.09, for a total value of $3,860,125.92. Following the completion of the sale, the chief executive officer owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. The trade was a 4.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler raised Crocs from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $95.00 to $150.00 in a research note on Friday, June 26th. Scotiabank assumed coverage on shares of Crocs in a report on Monday, June 8th. They issued an “outperform” rating on the stock. Seaport Research Partners boosted their price objective on shares of Crocs from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Robert W. Baird raised Crocs from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $115.00 to $150.00 in a research note on Monday, June 8th. Finally, Wells Fargo & Company assumed coverage on shares of Crocs in a research note on Monday, June 8th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and an average target price of $128.00.

Key Crocs News

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 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.