Klingman & Associates LLC Sells 1,304 Shares of Crocs, Inc. $CROX

Klingman & Associates LLC lessened its position in Crocs, Inc. (NASDAQ:CROX) by 4.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 29,030 shares of the textile maker’s stock after selling 1,304 shares during the period. Klingman & Associates LLC’s holdings in Crocs were worth $2,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its holdings in Crocs by 477.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 11,246 shares of the textile maker’s stock worth $1,162,000 after acquiring an additional 9,300 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Crocs in the 2nd quarter worth $2,145,000. Foster & Motley Inc. raised its holdings in Crocs by 23.0% in the 2nd quarter. Foster & Motley Inc. now owns 6,360 shares of the textile maker’s stock worth $644,000 after acquiring an additional 1,190 shares during the period. Tweedy Browne Co LLC bought a new position in Crocs in the 2nd quarter worth $382,000. Finally, Stratos Wealth Advisors LLC raised its holdings in Crocs by 6.3% in the 2nd quarter. Stratos Wealth Advisors LLC now owns 18,505 shares of the textile maker’s stock worth $1,874,000 after acquiring an additional 1,095 shares during the period. Institutional investors own 93.44% of the company’s stock.

Insider Activity

In other Crocs news, Director John B. Replogle bought 3,261 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were acquired at an average cost of $76.69 per share, for a total transaction of $250,086.09. Following the transaction, the director owned 15,417 shares in the company, valued at approximately $1,182,329.73. The trade was a 26.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Susan L. Healy bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were acquired at an average price of $76.56 per share, for a total transaction of $153,120.00. Following the completion of the transaction, the executive vice president owned 50,078 shares in the company, valued at $3,833,971.68. This represents a 4.16% increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CROX has been the topic of several recent analyst reports. KeyCorp dropped their target price on shares of Crocs from $120.00 to $95.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Barclays restated an “equal weight” rating and issued a $81.00 price target (down from $119.00) on shares of Crocs in a research report on Friday, August 8th. Citigroup lowered shares of Crocs to a “negative” rating in a research report on Tuesday, October 7th. Stifel Nicolaus restated a “hold” rating and issued a $85.00 price target (down from $127.00) on shares of Crocs in a research report on Friday, August 8th. Finally, Monness Crespi & Hardt decreased their price target on shares of Crocs from $140.00 to $92.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $102.00.

Crocs Price Performance

Shares of Crocs stock opened at $82.34 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.97 and a current ratio of 1.54. The firm’s 50-day simple moving average is $82.78 and its 200-day simple moving average is $94.95. Crocs, Inc. has a twelve month low of $73.76 and a twelve month high of $139.96. The firm has a market cap of $4.50 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 1.91 and a beta of 1.43.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, August 7th. The textile maker reported $4.23 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.22. Crocs had a net margin of 5.72% and a return on equity of 44.15%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business earned $4.01 EPS. The firm’s revenue was up 3.4% on a year-over-year basis. Crocs has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

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.