Legal & General Group Plc Invests $8.13 Million in Crocs, Inc. $CROX

Legal & General Group Plc acquired a new stake in Crocs, Inc. (NASDAQ:CROX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 67,385 shares of the textile maker’s stock, valued at approximately $8,129,000.

A number of other large investors have also added to or reduced their stakes in CROX. Root Financial Partners LLC boosted its position in Crocs by 96.3% during the 1st quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock worth $27,000 after buying an additional 157 shares during the period. Parallel Advisors LLC increased its position in Crocs by 60.2% in the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 186 shares during the period. Global Retirement Partners LLC bought a new position in shares of Crocs during the second quarter valued at $42,000. Allworth Financial LP bought a new position in shares of Crocs during the second quarter valued at $53,000. Finally, Persistent Asset Partners Ltd acquired a new position in shares of Crocs during the second quarter worth $55,000. Institutional investors own 93.44% of the company’s stock.

Crocs Price Performance

Crocs stock opened at $115.28 on Wednesday. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 1.00 and a beta of 1.52. Crocs, Inc. has a 52-week low of $73.21 and a 52-week high of $141.28. 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 stock’s 50 day moving average price is $129.03 and its two-hundred day moving average price is $110.34.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the business posted ($8.82) EPS. Crocs’s revenue for the quarter 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, equities analysts predict that Crocs, Inc. will post 13.95 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on CROX. Barclays boosted their price objective on shares of Crocs from $110.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Wedbush started coverage on Crocs in a report on Monday, June 8th. They set an “outperform” rating on the stock. Weiss Ratings upgraded Crocs from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Piper Sandler reiterated an “overweight” rating on shares of Crocs in a research report on Friday, July 31st. Finally, UBS Group increased their price target on Crocs from $107.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Crocs presently has an average rating of “Moderate Buy” and an average price target of $139.10.

Insider Buying and Selling

In other Crocs news, CEO Andrew Rees sold 19,072 shares of Crocs stock in a transaction on Monday, August 10th. The shares were sold at an average price of $138.91, for a total value of $2,649,291.52. Following the completion of the sale, the chief executive officer directly owned 713,293 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Insiders have sold 62,688 shares of company stock valued at $8,014,859 in the last ninety days. Company insiders own 3.10% of the company’s stock.

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.