Sterling Capital Management LLC Buys 7,324 Shares of Crocs, Inc. $CROX

Sterling Capital Management LLC lifted its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 195.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,065 shares of the textile maker’s stock after buying an additional 7,324 shares during the period. Sterling Capital Management LLC’s holdings in Crocs were worth $919,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CROX. AQR Capital Management LLC boosted its holdings in shares of Crocs by 399.0% during the 3rd quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock valued at $105,841,000 after acquiring an additional 1,012,943 shares in the last quarter. Norges Bank bought a new position in Crocs in the fourth quarter valued at about $67,545,000. Himalaya Capital Management LLC acquired a new stake in shares of Crocs during the fourth quarter valued at about $53,720,000. American Century Companies Inc. boosted its stake in shares of Crocs by 144.4% during the third quarter. American Century Companies Inc. now owns 717,402 shares of the textile maker’s stock valued at $59,939,000 after purchasing an additional 423,817 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in shares of Crocs by 78.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 907,988 shares of the textile maker’s stock worth $77,651,000 after purchasing an additional 399,964 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Andrew Rees sold 32,688 shares of Crocs stock in a transaction on Friday, June 5th. The shares were sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the completion of the transaction, the chief executive officer owned 743,293 shares of the company’s stock, valued at $87,775,470.37. This trade represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is owned by corporate insiders.

Crocs Stock Performance

NASDAQ:CROX opened at $120.64 on Wednesday. The company has a market capitalization of $5.99 billion, a PE ratio of -87.42, a P/E/G ratio of 1.29 and a beta of 1.57. The company has a 50 day simple moving average of $112.93 and a two-hundred day simple moving average of $96.59. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.04 and a current ratio of 1.67. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $129.79.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.21. The firm had revenue of $921.46 million during 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 was down 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $3.00 EPS. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. Research analysts anticipate that Crocs, Inc. will post 13.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CROX. Seaport Research Partners raised Crocs from a “neutral” rating to a “buy” rating and set a $135.00 price objective for the company in a research note on Tuesday, April 14th. Scotiabank initiated coverage on shares of Crocs in a research report on Monday, June 8th. They set an “outperform” rating on the stock. Wall Street Zen upgraded shares of Crocs from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. UBS Group raised shares of Crocs from a “neutral” rating to a “buy” rating in a research note on Monday, June 8th. Finally, Piper Sandler upgraded shares of Crocs from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $95.00 to $150.00 in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.00.

About Crocs

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.