Man Group plc Invests $3.14 Million in Crocs, Inc. $CROX

Man Group plc bought a new position in Crocs, Inc. (NASDAQ:CROX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 26,013 shares of the textile maker’s stock, valued at approximately $3,138,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Crocs during the 2nd quarter worth about $561,223,000. AQR Capital Management LLC boosted its holdings 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 worth $105,841,000 after buying an additional 1,012,943 shares during the period. Patient Capital Management LLC purchased a new position in shares of Crocs in the second quarter worth approximately $96,443,000. Norges Bank purchased a new position in shares of Crocs in the fourth quarter worth approximately $67,545,000. Finally, Himalaya Capital Management LLC acquired a new stake in shares of Crocs during the fourth quarter valued at approximately $53,720,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CROX has been the subject of a number of recent analyst reports. Wedbush initiated coverage on shares of Crocs in a research note on Monday, June 8th. They issued an “outperform” rating for the company. Piper Sandler restated an “overweight” rating on shares of Crocs in a report on Friday, July 31st. Needham & Company LLC raised their target price on Crocs from $132.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Monness Crespi & Hardt raised their target price on Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Weiss Ratings raised Crocs from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $139.10.

Insider Activity

In related news, CEO Andrew Rees sold 19,072 shares of Crocs stock in a transaction 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 of the company’s stock, valued at approximately $99,083,530.63. This trade represents 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 accessible through the SEC website. Insiders sold 62,688 shares of company stock worth $8,014,859 in the last ninety days. 3.10% of the stock is currently owned by company insiders.

Crocs Stock Down 1.5%

Crocs stock opened at $120.38 on Tuesday. The firm has a market cap of $5.77 billion, a PE ratio of 10.40, a P/E/G ratio of 1.02 and a beta of 1.53. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49. The firm’s 50 day moving average price is $129.15 and its two-hundred day moving average price is $110.11. Crocs, Inc. has a twelve month low of $73.21 and a twelve month high of $141.28.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $0.20. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business posted ($8.82) EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. 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, research analysts predict that Crocs, Inc. will post 13.95 EPS for the current fiscal year.

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.