Crocs, Inc. $CROX Shares Sold by Step Capital Management Pte. Ltd.

Step Capital Management Pte. Ltd. reduced its position in shares of Crocs, Inc. (NASDAQ:CROX) by 34.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,000 shares of the textile maker’s stock after selling 10,600 shares during the quarter. Crocs accounts for approximately 0.5% of Step Capital Management Pte. Ltd.’s investment portfolio, making the stock its 13th biggest holding. Step Capital Management Pte. Ltd.’s holdings in Crocs were worth $2,413,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Root Financial Partners LLC increased its position in shares of 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 purchasing an additional 157 shares in the last quarter. Parallel Advisors LLC boosted its stake in Crocs by 60.2% during the 3rd 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. Global Retirement Partners LLC purchased a new stake in shares of Crocs during the second quarter worth $42,000. Allworth Financial LP acquired a new stake in shares of Crocs in the second quarter valued at about $53,000. Finally, Persistent Asset Partners Ltd purchased a new position in shares of Crocs in the second quarter worth about $55,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Price Performance

Shares of CROX stock opened at $117.53 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.49 and a quick ratio of 0.96. The company has a market capitalization of $5.63 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 0.97 and a beta of 1.52. The firm’s 50-day moving average is $128.68 and its two-hundred day moving average is $110.65. Crocs, Inc. has a 12 month low of $73.21 and a 12 month high of $141.28.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, beating the consensus estimate of $4.35 by $0.20. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Crocs had a net margin of 14.64% and a return on equity of 47.75%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($8.82) EPS. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Analysts predict that Crocs, Inc. will post 13.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CROX shares. Weiss Ratings raised shares of Crocs from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Seaport Research Partners upped their price target on Crocs from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Monness Crespi & Hardt lifted their price objective on Crocs from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Needham & Company LLC lifted their price objective on Crocs from $132.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Scotiabank began coverage on Crocs in a research note on Monday, June 8th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Crocs has a consensus rating of “Moderate Buy” and an average price target of $139.10.

Insider Transactions at Crocs

In other Crocs news, CEO Andrew Rees sold 19,072 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the completion of the sale, the chief executive officer owned 713,293 shares of the company’s stock, valued at $99,083,530.63. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is currently owned by company insiders.

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.