Crocs, Inc. $CROX Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB boosted its position in Crocs, Inc. (NASDAQ:CROX) by 9.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 51,858 shares of the textile maker’s stock after acquiring an additional 4,539 shares during the quarter. Nordea Investment Management AB’s holdings in Crocs were worth $5,299,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Empirical Asset Management LLC increased its position in shares of Crocs by 26.7% in the 2nd quarter. Empirical Asset Management LLC now owns 6,062 shares of the textile maker’s stock worth $614,000 after purchasing an additional 1,278 shares during the last quarter. Allianz Asset Management GmbH increased its position in shares of Crocs by 153.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 14,215 shares of the textile maker’s stock worth $1,440,000 after purchasing an additional 8,615 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Crocs by 0.7% in the 2nd quarter. New York State Teachers Retirement System now owns 65,104 shares of the textile maker’s stock worth $6,594,000 after purchasing an additional 428 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Crocs by 2.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 219,668 shares of the textile maker’s stock worth $23,533,000 after purchasing an additional 4,720 shares during the last quarter. Finally, CWM LLC increased its position in shares of Crocs by 1,080.6% in the 2nd quarter. CWM LLC now owns 7,957 shares of the textile maker’s stock worth $806,000 after purchasing an additional 7,283 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Activity

In other news, Director John B. Replogle bought 3,261 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was purchased at an average price 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. This trade represents a 26.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Susan L. Healy bought 2,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was purchased at an average price of $76.56 per share, with a total value of $153,120.00. Following the transaction, the executive vice president owned 50,078 shares in the company, valued at $3,833,971.68. The trade was 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 corporate insiders.

Crocs Price Performance

Shares of NASDAQ:CROX opened at $84.03 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.54 and a debt-to-equity ratio of 0.97. Crocs, Inc. has a fifty-two week low of $73.76 and a fifty-two week high of $139.96. The firm has a 50-day simple moving average of $82.90 and a 200 day simple moving average of $94.88. The company has a market cap of $4.59 billion, a PE ratio of 22.53, a P/E/G ratio of 1.90 and a beta of 1.43.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, August 7th. The textile maker reported $4.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm earned $4.01 EPS. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Crocs has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

Analyst Ratings Changes

CROX has been the subject of several research analyst reports. The Goldman Sachs Group dropped their target price on shares of Crocs from $88.00 to $87.00 and set a “sell” rating for the company in a research report on Tuesday, July 22nd. KeyCorp dropped their target price on shares of Crocs from $120.00 to $95.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Citigroup downgraded shares of Crocs to a “negative” rating in a research report on Tuesday, October 7th. Stifel Nicolaus reissued a “hold” rating and issued a $85.00 target price (down previously from $127.00) on shares of Crocs in a research report on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Crocs in a research report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Crocs currently has a consensus rating of “Hold” and a consensus target price of $101.92.

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.