Pacer Advisors Inc. Sells 140,238 Shares of Crocs, Inc. $CROX

Pacer Advisors Inc. reduced its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 30.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 321,258 shares of the textile maker’s stock after selling 140,238 shares during the quarter. Pacer Advisors Inc. owned approximately 0.64% of Crocs worth $27,474,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CROX. AQR Capital Management LLC lifted its holdings in Crocs by 399.0% during the 3rd quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock valued at $105,841,000 after buying an additional 1,012,943 shares in the last quarter. Norges Bank bought a new position in Crocs in the 4th quarter worth about $67,545,000. Smead Capital Management Inc. purchased a new position in shares of Crocs during the third quarter worth approximately $52,978,000. Himalaya Capital Management LLC purchased a new position in shares of Crocs during the fourth quarter worth approximately $53,720,000. Finally, American Century Companies Inc. raised its stake in shares of Crocs by 144.4% during the third quarter. American Century Companies Inc. now owns 717,402 shares of the textile maker’s stock valued at $59,939,000 after acquiring an additional 423,817 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Andrew Rees sold 32,688 shares of Crocs stock in a transaction 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 transaction, the chief executive officer directly owned 743,293 shares in the company, valued at approximately $87,775,470.37. This trade represents a 4.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Crocs Price Performance

Shares of CROX opened at $125.05 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.04 and a current ratio of 1.67. The company has a 50 day moving average price of $110.05 and a 200-day moving average price of $94.80. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $129.79. The stock has a market capitalization of $6.21 billion, a PE ratio of -90.62, a PEG ratio of 1.29 and a beta of 1.57.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, April 30th. The textile maker reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.21. The company had revenue of $921.46 million for 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 revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company 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 predict that Crocs, Inc. will post 13.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on CROX shares. Bank of America boosted their price target on Crocs from $125.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. BTIG Research initiated coverage on Crocs in a research report on Tuesday, March 10th. They set a “neutral” rating for the company. Royal Bank Of Canada initiated coverage on Crocs in a research report on Monday, June 8th. They set an “overweight” rating for the company. Wedbush initiated coverage on Crocs in a report on Monday, June 8th. They issued an “outperform” rating for the company. Finally, Williams Trading set a $150.00 price target on Crocs in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $120.00.

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.