Hsbc Holdings PLC Has $7.22 Million Stock Position in Crocs, Inc. $CROX

Hsbc Holdings PLC cut its holdings in Crocs, Inc. (NASDAQ:CROX) by 15.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,335 shares of the textile maker’s stock after selling 15,127 shares during the quarter. Hsbc Holdings PLC owned approximately 0.17% of Crocs worth $7,221,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Step Capital Management Pte. Ltd. acquired a new stake in shares of Crocs in the 4th quarter valued at approximately $1,710,000. Marshall Financial Group LLC acquired a new position in Crocs during the 4th quarter worth approximately $1,237,000. MH & Associates Securities Management Corp ADV acquired a new position in Crocs during the 4th quarter worth approximately $1,736,000. Brevan Howard Capital Management LP lifted its stake in Crocs by 41.6% in the 3rd quarter. Brevan Howard Capital Management LP now owns 44,212 shares of the textile maker’s stock valued at $3,694,000 after purchasing an additional 12,995 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in Crocs by 92.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,982 shares of the textile maker’s stock valued at $2,564,000 after purchasing an additional 14,393 shares during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

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 stock was sold at an average price of $118.09, for a total value of $3,860,125.92. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is owned by corporate insiders.

Crocs Trading Up 7.5%

CROX opened at $127.76 on Friday. Crocs, Inc. has a twelve month low of $73.21 and a twelve month high of $129.79. The company has a quick ratio of 1.04, a current ratio of 1.67 and a debt-to-equity ratio of 0.93. The company has a fifty day moving average of $112.17 and a 200-day moving average of $96.01. The stock has a market cap of $6.35 billion, a PE ratio of -92.58, a price-to-earnings-growth ratio of 1.23 and a beta of 1.57.

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

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays boosted their target price on shares of Crocs from $109.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Royal Bank Of Canada began coverage on Crocs in a research note on Monday, June 8th. They issued an “overweight” rating for the company. Wells Fargo & Company began coverage on Crocs in a report on Monday, June 8th. They set a “buy” rating on the stock. BTIG Research started coverage on Crocs in a research report on Tuesday, March 10th. They set a “neutral” rating on the stock. Finally, Scotiabank assumed coverage on Crocs in a report on Monday, June 8th. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.00.

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.