OMERS ADMINISTRATION Corp Acquires New Position in Crocs, Inc. $CROX

OMERS ADMINISTRATION Corp bought a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 33,718 shares of the textile maker’s stock, valued at approximately $4,068,000.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Crocs in the 2nd quarter valued at approximately $561,223,000. LSV Asset Management increased its position in shares of Crocs by 33.1% during the fourth quarter. LSV Asset Management now owns 1,474,037 shares of the textile maker’s stock worth $126,060,000 after acquiring an additional 366,537 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Crocs by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,447,096 shares of the textile maker’s stock valued at $123,760,000 after acquiring an additional 11,630 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Crocs by 399.0% in the third 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. Finally, Alliancebernstein L.P. raised its stake in shares of Crocs by 5.8% in the second quarter. Alliancebernstein L.P. now owns 1,180,405 shares of the textile maker’s stock valued at $119,551,000 after acquiring an additional 64,672 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Bank of America boosted their target price on Crocs from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft started coverage on Crocs in a research report on Monday, June 8th. They issued a “buy” rating on the stock. Williams Trading set a $150.00 price objective on Crocs in a research report on Tuesday, June 9th. Piper Sandler reaffirmed an “overweight” rating on shares of Crocs in a report on Friday, July 31st. Finally, Scotiabank started coverage on shares of Crocs in a research note on Monday, June 8th. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $139.10.

Crocs Stock Down 2.3%

Crocs stock opened at $122.89 on Wednesday. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $141.28. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96. The stock has a market cap of $5.89 billion, a PE ratio of 10.62, a P/E/G ratio of 1.05 and a beta of 1.53. The stock’s fifty day moving average is $129.36 and its two-hundred day moving average is $109.06.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.35 by $0.20. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the firm posted ($8.82) EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. On average, sell-side analysts expect that Crocs, Inc. will post 13.95 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Andrew Rees sold 19,072 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the completion of the sale, the chief executive officer owned 713,293 shares in the company, valued at $99,083,530.63. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 62,688 shares of company stock worth $8,014,859 in the last three months. 3.10% of the stock is owned by insiders.

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.