California Public Employees Retirement System Acquires 8,835 Shares of Crocs, Inc. $CROX

California Public Employees Retirement System increased its holdings in Crocs, Inc. (NASDAQ:CROX) by 9.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,473 shares of the textile maker’s stock after purchasing an additional 8,835 shares during the period. California Public Employees Retirement System’s holdings in Crocs were worth $8,673,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CROX. NewEdge Advisors LLC increased its stake in shares of Crocs by 1.1% in the 2nd quarter. NewEdge Advisors LLC now owns 10,710 shares of the textile maker’s stock valued at $1,085,000 after acquiring an additional 120 shares in the last quarter. Root Financial Partners LLC boosted its stake in Crocs by 96.3% during the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock worth $27,000 after acquiring an additional 157 shares in the last quarter. L2 Asset Management LLC boosted its stake in Crocs by 5.4% during the fourth quarter. L2 Asset Management LLC now owns 3,319 shares of the textile maker’s stock worth $284,000 after acquiring an additional 169 shares in the last quarter. Parallel Advisors LLC boosted 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. Finally, Kestra Investment Management LLC grew its holdings in Crocs by 7.2% in the second quarter. Kestra Investment Management LLC now owns 2,800 shares of the textile maker’s stock worth $284,000 after purchasing an additional 187 shares during the period. Institutional investors own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CROX shares. Robert W. Baird raised shares of Crocs from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $115.00 to $150.00 in a research note on Monday, June 8th. Scotiabank started coverage on shares of Crocs in a research report on Monday, June 8th. They set an “outperform” rating on the stock. Wall Street Zen upgraded Crocs from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Bank of America boosted their target price on Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Williams Trading set a $150.00 price target on Crocs in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $128.00.

Crocs Stock Performance

NASDAQ CROX opened at $134.72 on Friday. The company has a fifty day simple moving average of $123.11 and a 200 day simple moving average of $101.81. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $140.42. The company has a current ratio of 1.67, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.69 billion, a P/E ratio of -97.62, a PEG ratio of 1.39 and a beta of 1.55.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, April 30th. The textile maker reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.21. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The business had revenue of $921.46 million during the quarter, compared to analyst estimates of $900.57 million. During the same quarter in the previous year, the business posted $3.00 EPS. Crocs’s quarterly revenue was down 1.7% on a year-over-year basis. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. Sell-side analysts predict that Crocs, Inc. will post 13.66 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Andrew Rees sold 32,688 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 743,293 shares of the company’s stock, valued at $87,775,470.37. The trade was a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.10% of the stock is owned by corporate insiders.

Crocs News Summary

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Needham raised its price target on Crocs to $150 and reiterated a Buy rating, signaling confidence in further upside. Street Insider article
• Positive Sentiment: Bank of America boosted its target to $160 and said sustained North American direct-to-consumer growth could support a higher valuation multiple. Proactive Investors article
• Positive Sentiment: Technical momentum remains strong, with CROX trading near recent highs after a sizable three-month advance and a new 52-week high earlier this month. Barchart article
• Neutral Sentiment: Investors are waiting for Q2 results, with expectations supported by brand strength, DTC growth and international momentum, but not enough clarity yet to call for a clear earnings beat. Zacks earnings preview
• Neutral Sentiment: Crocs’ stock has risen sharply over the past few months, but some investors are weighing whether the rally has already priced in much of the good news. Zacks strategy article
• Negative Sentiment: Tariff pressures, margin concerns and weakness in the HEYDUDE brand remain key headwinds that could limit upside if Q2 results disappoint. Zacks earnings preview

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.