Motley Fool Asset Management LLC Sells 2,588 Shares of Crocs, Inc. $CROX

Motley Fool Asset Management LLC lessened its stake in Crocs, Inc. (NASDAQ:CROX) by 2.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 87,848 shares of the textile maker’s stock after selling 2,588 shares during the period. Motley Fool Asset Management LLC’s holdings in Crocs were worth $8,897,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of Crocs by 8.1% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 9,308 shares of the textile maker’s stock valued at $943,000 after buying an additional 697 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Crocs in the 2nd quarter valued at about $1,912,000. Ashton Thomas Private Wealth LLC grew its position in shares of Crocs by 2.9% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 4,457 shares of the textile maker’s stock valued at $451,000 after buying an additional 127 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Crocs by 7.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 229,695 shares of the textile maker’s stock valued at $23,264,000 after buying an additional 15,024 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its position in shares of Crocs by 48.8% in the 2nd quarter. Wealthfront Advisers LLC now owns 3,823 shares of the textile maker’s stock valued at $387,000 after buying an additional 1,254 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling

In other news, EVP Susan L. Healy purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were acquired at an average cost of $76.56 per share, with a total value of $153,120.00. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John B. Replogle purchased 3,261 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were purchased at an average cost of $76.69 per share, for a total transaction of $250,086.09. Following the completion of the purchase, the director owned 15,417 shares in the company, valued at $1,182,329.73. This trade represents a 26.83% increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by corporate insiders.

Crocs Stock Up 5.4%

Shares of NASDAQ:CROX opened at $87.29 on Tuesday. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 1.93 and a beta of 1.43. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.54 and a quick ratio of 0.97. The business’s 50-day moving average is $82.97 and its 200-day moving average is $94.60. Crocs, Inc. has a 1 year low of $73.76 and a 1 year high of $139.96.

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

Wall Street Analyst Weigh In

CROX has been the topic of a number of analyst reports. UBS Group reduced their price target on Crocs from $110.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, August 11th. Barclays reiterated an “equal weight” rating and issued a $81.00 price target (down previously from $119.00) on shares of Crocs in a research report on Friday, August 8th. KeyCorp dropped their price objective on Crocs from $120.00 to $95.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Stifel Nicolaus reissued a “hold” rating and issued a $85.00 price objective (down from $127.00) on shares of Crocs in a research note on Friday, August 8th. Finally, Needham & Company LLC boosted their price objective on Crocs from $89.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Crocs has a consensus rating of “Hold” and an average price target of $101.92.

About Crocs

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.