Hsbc Holdings PLC cut its stake in shares of Crocs, Inc. (NASDAQ:CROX – Free Report) by 15.2% during the 4th quarter, Holdings Channel reports. The fund owned 84,335 shares of the textile maker’s stock after selling 15,127 shares during the period. Hsbc Holdings PLC’s holdings in Crocs were worth $7,221,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in CROX. Torren Management LLC bought a new position in shares of Crocs during the 4th quarter worth about $39,000. Parallel Advisors LLC increased its position in Crocs by 60.2% in the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after buying an additional 186 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Crocs during the 3rd quarter worth approximately $48,000. National Bank of Canada FI raised 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 worth $65,000 after buying an additional 663 shares during the period. Finally, Ameriflex Group Inc. boosted its holdings in Crocs by 292.0% in the third quarter. Ameriflex Group Inc. now owns 784 shares of the textile maker’s stock worth $66,000 after acquiring an additional 584 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on CROX shares. Seaport Research Partners upgraded Crocs from a “neutral” rating to a “buy” rating and set a $135.00 price objective for the company in a report on Tuesday, April 14th. The Goldman Sachs Group downgraded shares of Crocs from a “sell” rating to a “neutral” rating in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Crocs in a research report on Monday, June 8th. They set a “buy” rating for the company. BTIG Research started coverage on Crocs in a report on Tuesday, March 10th. They set a “neutral” rating for the company. Finally, Stifel Nicolaus lifted their price objective on shares of Crocs from $105.00 to $125.00 and gave the stock a “hold” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.00.
Crocs Price Performance
CROX opened at $127.76 on Friday. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $129.79. The firm has a 50-day moving average of $112.17 and a 200 day moving average of $96.01. 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 firm has a market cap of $6.35 billion, a P/E ratio of -92.58, a PEG ratio of 1.23 and a beta of 1.57.
Crocs (NASDAQ:CROX – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The textile maker reported $2.99 EPS for the quarter, topping the consensus estimate of $2.78 by $0.21. The business 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%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, research analysts expect that Crocs, Inc. will post 13.67 EPS for the current year.
Insider Activity
In related news, CEO Andrew Rees sold 32,688 shares of Crocs stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $118.09, for a total value of $3,860,125.92. Following the sale, the chief executive officer owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. The trade was a 4.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by 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.
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