Clearstead Advisors LLC Buys 84,755 Shares of Crocs, Inc. $CROX

Clearstead Advisors LLC lifted its stake in Crocs, Inc. (NASDAQ:CROX) by 118.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 156,318 shares of the textile maker’s stock after buying an additional 84,755 shares during the quarter. Clearstead Advisors LLC’s holdings in Crocs were worth $13,060,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Boston Partners raised its stake in Crocs by 2,659.1% during the second quarter. Boston Partners now owns 1,688,383 shares of the textile maker’s stock worth $171,003,000 after acquiring an additional 1,627,190 shares in the last quarter. Smead Capital Management Inc. bought a new stake in shares of Crocs in the 3rd quarter worth about $52,978,000. Norges Bank acquired a new stake in shares of Crocs during the 2nd quarter worth about $56,710,000. Voss Capital LP bought a new position in Crocs during the 2nd quarter valued at about $40,765,000. Finally, Menora Mivtachim Holdings LTD. bought a new position in Crocs during the 2nd quarter valued at about $40,512,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on CROX shares. Robert W. Baird set a $110.00 price objective on shares of Crocs in a report on Friday, February 13th. Stifel Nicolaus raised their price target on Crocs from $90.00 to $99.00 and gave the company a “hold” rating in a report on Friday, February 13th. Barclays boosted their price objective on Crocs from $86.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. The Goldman Sachs Group raised their target price on Crocs from $71.00 to $81.00 and gave the company a “sell” rating in a research note on Friday, February 13th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $95.00 price target on shares of Crocs in a report on Thursday, February 12th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $103.42.

Crocs Stock Up 3.7%

Shares of CROX opened at $100.04 on Monday. The business’s fifty day moving average price is $87.88 and its two-hundred day moving average price is $84.34. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of -79.40, a PEG ratio of 1.16 and a beta of 1.56. Crocs, Inc. has a 52 week low of $73.21 and a 52 week high of $122.84. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.74 and a current ratio of 1.27.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, February 12th. The textile maker reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.37. The business had revenue of $957.64 million for the quarter, compared to analyst estimates of $916.16 million. Crocs had a positive return on equity of 45.17% and a negative net margin of 2.01%.The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.52 earnings per share. Crocs has set its FY 2026 guidance at 12.880-13.350 EPS and its Q1 2026 guidance at 2.670-2.770 EPS. On average, analysts predict that Crocs, Inc. will post 13.2 earnings per share 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.