Jupiter Topco LLC Purchases Shares of 19,911 Crocs, Inc. $CROX

Jupiter Topco LLC purchased a new stake in Crocs, Inc. (NASDAQ:CROX) during the second quarter, Holdings Channel reports. The firm purchased 19,911 shares of the textile maker’s stock, valued at approximately $2,403,000.

Several other institutional investors and hedge funds have also bought and sold shares of CROX. BlackRock Inc. acquired a new position in shares of Crocs during the second quarter valued at about $561,223,000. LSV Asset Management lifted its position in Crocs by 33.1% during the 4th 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 grew its stake in Crocs by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,447,096 shares of the textile maker’s stock valued at $123,760,000 after purchasing an additional 11,630 shares during the last quarter. AQR Capital Management LLC increased 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 valued at $105,841,000 after purchasing an additional 1,012,943 shares during the period. Finally, Alliancebernstein L.P. increased its holdings 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 purchasing an additional 64,672 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Stock Performance

NASDAQ CROX opened at $115.79 on Thursday. The firm has a market capitalization of $5.55 billion, a P/E ratio of 10.01, a PEG ratio of 0.96 and a beta of 1.52. The stock has a 50-day simple moving average of $128.94 and a two-hundred day simple moving average of $110.47. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $141.28.

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

Insider Transactions at Crocs

In other Crocs news, CEO Andrew Rees sold 32,688 shares of the company’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 value of $3,860,125.92. Following the sale, the chief executive officer owned 743,293 shares in the company, valued at approximately $87,775,470.37. This represents a 4.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 62,688 shares of company stock valued at $8,014,859 over the last three months. Insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Crocs in a report on Monday, June 8th. They set a “buy” rating for the company. Bank of America increased their price target on shares of Crocs from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Needham & Company LLC raised their price target on shares of Crocs from $132.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. The Goldman Sachs Group restated a “sell” rating and set a $95.00 price objective on shares of Crocs in a research note on Friday, July 31st. Finally, Robert W. Baird set a $163.00 price objective on shares of Crocs in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $139.10.

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.