Belpointe Asset Management LLC Sells 1,293 Shares of Crocs, Inc. $CROX

Belpointe Asset Management LLC decreased its position in Crocs, Inc. (NASDAQ:CROX) by 22.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,580 shares of the textile maker’s stock after selling 1,293 shares during the period. Belpointe Asset Management LLC’s holdings in Crocs were worth $464,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Motley Fool Wealth Management LLC increased its position in shares of Crocs by 82.6% during the 1st quarter. Motley Fool Wealth Management LLC now owns 101,978 shares of the textile maker’s stock valued at $10,830,000 after purchasing an additional 46,124 shares during the last quarter. Entropy Technologies LP bought a new position in Crocs during the first quarter valued at about $905,000. Versor Investments LP purchased a new stake in Crocs during the first quarter worth about $1,275,000. Baird Financial Group Inc. raised its position in Crocs by 4.8% in the first quarter. Baird Financial Group Inc. now owns 251,230 shares of the textile maker’s stock worth $26,681,000 after acquiring an additional 11,397 shares during the period. Finally, Intech Investment Management LLC boosted its stake in Crocs by 60.4% in the first quarter. Intech Investment Management LLC now owns 49,641 shares of the textile maker’s stock valued at $5,272,000 after acquiring an additional 18,697 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CROX shares. Monness Crespi & Hardt lowered their price target on shares of Crocs from $140.00 to $92.00 and set a “buy” rating on the stock in a report on Friday, August 8th. The Goldman Sachs Group cut their price target on Crocs from $88.00 to $87.00 and set a “sell” rating for the company in a research note on Tuesday, July 22nd. Bank of America dropped their price objective on shares of Crocs from $135.00 to $99.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Stifel Nicolaus reiterated a “hold” rating and set a $85.00 target price (down previously from $127.00) on shares of Crocs in a research report on Friday, August 8th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Crocs in a research report on Wednesday. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $102.00.

Insider Buying and Selling

In related news, Director John B. Replogle purchased 3,261 shares of the business’s stock in a transaction on Friday, August 8th. The stock was acquired at an average price of $76.69 per share, with a total value of $250,086.09. Following the purchase, the director directly owned 15,417 shares in the company, valued at approximately $1,182,329.73. This represents a 26.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Susan L. Healy acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were bought at an average cost of $76.56 per share, with a total value of $153,120.00. Following the completion of the acquisition, the executive vice president directly owned 50,078 shares in the company, valued at $3,833,971.68. The trade was a 4.16% increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.00% of the company’s stock.

Crocs Stock Performance

NASDAQ CROX opened at $80.39 on Friday. The company’s 50 day simple moving average is $83.92 and its two-hundred day simple moving average is $96.32. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.54 and a quick ratio of 0.97. Crocs, Inc. has a 1 year low of $73.76 and a 1 year high of $144.23. The stock has a market capitalization of $4.39 billion, a PE ratio of 21.55, a P/E/G ratio of 1.87 and a beta of 1.43.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, August 7th. The textile maker reported $4.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.22. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Crocs had a return on equity of 44.15% and a net margin of 5.72%.The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $4.01 earnings per share. Crocs has set its Q3 2025 guidance at EPS. Analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Crocs Company Profile

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.