Headlands Technologies LLC Makes New $1.65 Million Investment in Crocs, Inc. $CROX

Headlands Technologies LLC acquired a new stake in Crocs, Inc. (NASDAQ:CROX) in the second quarter, HoldingsChannel.com reports. The firm acquired 13,692 shares of the textile maker’s stock, valued at approximately $1,652,000.

Several other large investors have also modified their holdings of the company. Two Sigma Securities LLC purchased a new stake in Crocs in the 2nd quarter valued at $502,000. Wedbush Securities Inc. purchased a new position in Crocs during the 2nd quarter worth $221,000. Wellington Management Group LLP grew its position in Crocs by 130.2% during the 2nd quarter. Wellington Management Group LLP now owns 46,854 shares of the textile maker’s stock worth $5,652,000 after purchasing an additional 26,503 shares during the last quarter. Empowered Funds LLC acquired a new position in Crocs in the second quarter valued at $5,854,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Crocs in the second quarter valued at $1,663,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Stock Performance

NASDAQ CROX opened at $120.38 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average is $129.15 and its two-hundred day moving average is $110.11. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $141.28. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 1.02 and a beta of 1.53.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, beating the consensus estimate of $4.35 by $0.20. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm earned ($8.82) EPS. The company’s quarterly revenue 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. Research analysts expect that Crocs, Inc. will post 13.95 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Crocs from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. UBS Group boosted their price target on Crocs from $107.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Royal Bank Of Canada began coverage on Crocs in a research note on Monday, June 8th. They set an “overweight” rating for the company. Barclays lifted their target price on Crocs from $110.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Finally, Robert W. Baird set a $163.00 target price on Crocs in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $139.10.

Insider Transactions at Crocs

In other Crocs news, CEO Andrew Rees sold 32,688 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. This trade represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 62,688 shares of company stock valued at $8,014,859 in the last three months. Corporate insiders own 3.10% of the company’s stock.

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.