Arrowstreet Capital Limited Partnership Sells 639,970 Shares of Crocs, Inc. $CROX

Arrowstreet Capital Limited Partnership reduced its position in Crocs, Inc. (NASDAQ:CROX) by 48.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 673,686 shares of the textile maker’s stock after selling 639,970 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Crocs were worth $68,231,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CROX. Costello Asset Management INC bought a new stake in Crocs in the 1st quarter worth approximately $32,000. Brooklyn Investment Group bought a new stake in Crocs in the first quarter worth $40,000. Allworth Financial LP increased its position in Crocs by 120.7% in the second quarter. Allworth Financial LP now owns 448 shares of the textile maker’s stock worth $45,000 after purchasing an additional 245 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Crocs during the second quarter valued at $48,000. Finally, Employees Retirement System of Texas bought a new position in Crocs during the second quarter valued at $49,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on CROX shares. Monness Crespi & Hardt boosted their target price on shares of Crocs from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Zacks Research upgraded Crocs from a “hold” rating to a “strong-buy” rating in a research report on Monday. Bank of America decreased their price objective on Crocs from $99.00 to $98.00 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. KeyCorp lowered their price objective on Crocs from $120.00 to $95.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Finally, Stifel Nicolaus lifted their target price on Crocs from $85.00 to $90.00 and gave the stock a “hold” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $103.42.

Insiders Place Their Bets

In related news, Director John B. Replogle acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was bought at an average price of $74.50 per share, for a total transaction of $223,500.00. Following the acquisition, the director directly owned 18,417 shares of the company’s stock, valued at $1,372,066.50. This represents a 19.46% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is owned by insiders.

Crocs Price Performance

CROX opened at $88.24 on Friday. The business has a fifty day moving average of $81.79 and a 200 day moving average of $90.88. The stock has a market cap of $4.58 billion, a P/E ratio of 28.74 and a beta of 1.54. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.97. Crocs, Inc. has a 52-week low of $73.21 and a 52-week high of $122.84.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, October 30th. The textile maker reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.56. The business had revenue of $996.30 million during the quarter, compared to the consensus estimate of $960.14 million. Crocs had a return on equity of 43.14% and a net margin of 4.48%.The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the company earned $3.60 earnings per share. Crocs has set its Q4 2025 guidance at 1.820-1.92 EPS. As a group, sell-side analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.