Spartan Wealth Advisory Services LLC Takes $431,000 Position in Crocs, Inc. $CROX

Spartan Wealth Advisory Services LLC purchased a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,193 shares of the textile maker’s stock, valued at approximately $431,000.

Other large investors have also bought and sold shares of the company. Root Financial Partners LLC grew its position in 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 acquiring an additional 157 shares during the last quarter. Torren Management LLC acquired a new position in Crocs during the fourth quarter worth about $39,000. Parallel Advisors LLC raised its stake in Crocs by 60.2% during the third quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after acquiring an additional 186 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Crocs in the third quarter worth about $48,000. Finally, National Bank of Canada FI lifted its holdings in shares of Crocs by 597.3% in the third quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock worth $65,000 after acquiring an additional 663 shares during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CROX has been the topic of a number of research analyst reports. Robert W. Baird upgraded shares of Crocs from a “neutral” rating to an “outperform” rating and raised their price target for the company from $115.00 to $150.00 in a research note on Monday, June 8th. Wedbush initiated coverage on shares of Crocs in a research report on Monday, June 8th. They set an “outperform” rating for the company. The Goldman Sachs Group downgraded shares of Crocs from a “sell” rating to a “neutral” rating in a research note on Monday, June 8th. Bank of America raised their target price on shares of Crocs from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Royal Bank Of Canada initiated coverage on shares of Crocs in a research note on Monday, June 8th. They set an “overweight” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $125.00.

Insider Buying and Selling

In related news, CEO Andrew Rees sold 32,688 shares of Crocs stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the sale, the chief executive officer directly owned 743,293 shares in the company, valued at $87,775,470.37. This trade represents a 4.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

Crocs Price Performance

Crocs stock opened at $137.13 on Monday. The stock has a 50-day moving average price of $119.40 and a two-hundred day moving average price of $100.20. Crocs, Inc. has a 12 month low of $73.21 and a 12 month high of $140.42. The company has a market capitalization of $6.81 billion, a PE ratio of -99.37, a P/E/G ratio of 1.42 and a beta of 1.55. The company has a current ratio of 1.67, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, April 30th. The textile maker reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.21. Crocs had a positive return on equity of 48.29% and a negative net margin of 2.58%.The company had revenue of $921.46 million for the quarter, compared to analysts’ expectations of $900.57 million. During the same period in the previous year, the business posted $3.00 earnings per share. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. Analysts expect that Crocs, Inc. will post 13.67 EPS for the current year.

Crocs 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.