Hsbc Holdings PLC Grows Stock Position in Crocs, Inc. $CROX

Hsbc Holdings PLC boosted its holdings in Crocs, Inc. (NASDAQ:CROX) by 32.2% during the first quarter, Holdings Channel reports. The institutional investor owned 111,455 shares of the textile maker’s stock after buying an additional 27,120 shares during the period. Hsbc Holdings PLC’s holdings in Crocs were worth $9,186,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CROX. Root Financial Partners LLC lifted its holdings in shares of Crocs by 96.3% during the 1st quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock worth $27,000 after acquiring an additional 157 shares during the period. Torren Management LLC purchased a new stake in Crocs in the fourth quarter valued at approximately $39,000. Parallel Advisors LLC increased its position 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 purchasing an additional 186 shares during the last quarter. National Bank of Canada FI increased its position in Crocs by 597.3% during the third quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock worth $65,000 after purchasing an additional 663 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Crocs during the fourth quarter worth approximately $68,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Stock Up 0.7%

Shares of Crocs stock opened at $136.20 on Thursday. The company has a fifty day moving average price of $121.61 and a 200 day moving average price of $101.25. The company has a current ratio of 1.67, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93. Crocs, Inc. has a twelve month low of $73.21 and a twelve month high of $140.42. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of -98.69, a price-to-earnings-growth ratio of 1.40 and a beta of 1.55.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, April 30th. The textile maker reported $2.99 EPS for the quarter, beating the consensus estimate of $2.78 by $0.21. The company had revenue of $921.46 million for the quarter, compared to analyst estimates of $900.57 million. Crocs had a positive return on equity of 48.29% and a negative net margin of 2.58%.The firm’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company posted $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. Equities research analysts forecast that Crocs, Inc. will post 13.67 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Andrew Rees sold 32,688 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the sale, the chief executive officer directly owned 743,293 shares in the company, valued at approximately $87,775,470.37. This trade represents a 4.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

CROX has been the subject of several research reports. UBS Group raised shares of Crocs from a “neutral” rating to a “buy” rating in a research note on Monday, June 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Crocs in a research report on Monday, July 6th. Wedbush assumed coverage on Crocs in a research report on Monday, June 8th. They set an “outperform” rating for the company. The Goldman Sachs Group downgraded Crocs from a “sell” rating to a “neutral” rating in a report on Monday, June 8th. Finally, Scotiabank assumed coverage on Crocs in a report on Monday, June 8th. They set 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 issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and a consensus price target of $125.00.

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.