Oldfield Partners LLP Acquires Shares of 20,301 Crocs, Inc. $CROX

Oldfield Partners LLP bought a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 20,301 shares of the textile maker’s stock, valued at approximately $2,449,000. Crocs accounts for about 0.6% of Oldfield Partners LLP’s holdings, making the stock its 7th largest position.

A number of other large investors have also modified their holdings of CROX. Root Financial Partners LLC raised its position in shares of Crocs by 96.3% in the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after buying an additional 157 shares during the last quarter. Torren Management LLC acquired a new position in Crocs during the fourth quarter worth about $39,000. Parallel Advisors LLC boosted its position in Crocs by 60.2% during the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after acquiring an additional 186 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Crocs by 159.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock valued at $79,000 after acquiring an additional 459 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in Crocs by 597.3% during the 3rd quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock valued at $65,000 after acquiring an additional 663 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Price Performance

Crocs stock opened at $130.61 on Thursday. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $141.28. The stock has a market cap of $6.26 billion, a P/E ratio of 11.29, a PEG ratio of 1.10 and a beta of 1.53. The company has a 50-day moving average price of $128.81 and a 200 day moving average price of $106.39. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $4.35 by $0.20. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. Crocs’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($8.82) earnings per share. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Sell-side analysts anticipate that Crocs, Inc. will post 13.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Weiss Ratings upgraded shares of Crocs from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, July 31st. Royal Bank Of Canada began coverage on Crocs in a report on Monday, June 8th. They set an “overweight” rating on the stock. Barclays upped their price target on Crocs from $110.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft began coverage on Crocs in a report on Monday, June 8th. They issued a “buy” rating for the company. Finally, Scotiabank initiated coverage on Crocs in a research report on Monday, June 8th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Crocs has a consensus rating of “Moderate Buy” and an average target price of $139.10.

Insider Activity

In other news, CEO Andrew Rees sold 19,072 shares of Crocs stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the sale, the chief executive officer owned 713,293 shares of the company’s stock, valued at approximately $99,083,530.63. The trade was a 2.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 62,688 shares of company stock worth $8,014,859. 3.10% of the stock is owned by company insiders.

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.