Cibc World Market Inc. Makes New $1.18 Million Investment in Crocs, Inc. $CROX

Cibc World Market Inc. acquired a new stake in shares of Crocs, Inc. (NASDAQ:CROX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,747 shares of the textile maker’s stock, valued at approximately $1,176,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Root Financial Partners LLC grew its position in shares of Crocs by 96.3% in the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 157 shares during the period. Torren Management LLC acquired a new position in shares of Crocs during the 4th quarter worth about $39,000. Parallel Advisors LLC raised its position in shares of Crocs by 60.2% during the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after purchasing an additional 186 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Crocs in the 2nd quarter valued at about $42,000. Finally, Allworth Financial LP purchased a new position in Crocs in the 2nd quarter valued at about $53,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Crocs

In other news, CEO Andrew Rees sold 32,688 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the transaction, the chief executive officer directly owned 743,293 shares in the company, valued at $87,775,470.37. The trade was a 4.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 62,688 shares of company stock worth $8,014,859. Insiders own 3.10% of the company’s stock.

Crocs Stock Performance

NASDAQ:CROX opened at $121.69 on Friday. The company has a market cap of $5.83 billion, a P/E ratio of 10.52, a P/E/G ratio of 1.03 and a beta of 1.53. Crocs, Inc. has a twelve month low of $73.21 and a twelve month high of $141.28. The company’s 50-day moving average price is $129.28 and its 200-day moving average price is $109.59. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $0.20. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. Crocs’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($8.82) EPS. 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 forecast that Crocs, Inc. will post 13.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on CROX. Royal Bank Of Canada started coverage on Crocs in a research note on Monday, June 8th. They set an “overweight” rating for the company. Wedbush began coverage on Crocs in a research report on Monday, June 8th. They issued an “outperform” rating on the stock. Williams Trading set a $150.00 price target on Crocs in a research note on Tuesday, June 9th. Weiss Ratings upgraded Crocs from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Finally, Barclays boosted their price target on Crocs from $110.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $139.10.

Crocs Company 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.