Skandinaviska Enskilda Banken AB publ Sells 8,100 Shares of Crocs, Inc. $CROX

Skandinaviska Enskilda Banken AB publ decreased its position in shares of Crocs, Inc. (NASDAQ:CROX) by 54.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,800 shares of the textile maker’s stock after selling 8,100 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Crocs were worth $689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CROX. Neuberger Berman Group LLC increased its position in shares of Crocs by 14.3% during the second quarter. Neuberger Berman Group LLC now owns 7,672 shares of the textile maker’s stock worth $777,000 after purchasing an additional 958 shares in the last quarter. Norges Bank purchased a new position in Crocs during the 2nd quarter worth $56,710,000. Northwestern Mutual Wealth Management Co. grew its stake in Crocs by 7.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,599 shares of the textile maker’s stock worth $1,073,000 after buying an additional 691 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in Crocs by 0.6% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 46,804 shares of the textile maker’s stock valued at $4,740,000 after buying an additional 280 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in Crocs by 3.3% in the second quarter. Quadrant Capital Group LLC now owns 5,162 shares of the textile maker’s stock valued at $523,000 after buying an additional 166 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CROX has been the subject of several recent analyst reports. Piper Sandler downgraded Crocs from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $95.00 to $75.00 in a report on Monday, September 22nd. Citigroup cut shares of Crocs to a “negative” rating in a research note on Tuesday, October 7th. Stifel Nicolaus upped their price target on shares of Crocs from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, October 31st. KeyCorp decreased their price target on shares of Crocs from $120.00 to $95.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Finally, Barclays lifted their price objective on shares of Crocs from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Friday, October 31st. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $103.42.

Insider Activity at Crocs

In related news, Director John B. Replogle purchased 3,000 shares of Crocs stock in a transaction that occurred on Tuesday, November 11th. The stock was bought at an average cost of $74.50 per share, for a total transaction of $223,500.00. Following the completion of the transaction, the director owned 18,417 shares in the company, valued at $1,372,066.50. The trade was a 19.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.72% of the stock is owned by insiders.

Crocs Stock Down 1.6%

NASDAQ:CROX opened at $85.25 on Wednesday. The firm has a market capitalization of $4.43 billion, a P/E ratio of 27.77 and a beta of 1.54. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $122.84. The company’s fifty day moving average price is $81.32 and its 200-day moving average price is $90.91. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.40 and a quick ratio of 0.83.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, October 30th. The textile maker reported $2.92 earnings per share (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 company had revenue of $996.30 million during the quarter, compared to the consensus estimate of $960.14 million. During the same period in the previous year, the firm posted $3.60 earnings per share. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. Crocs has set its Q4 2025 guidance at 1.820-1.92 EPS. As a group, equities research analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

Crocs Company 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.