WIT Partners Advisory Pte. Ltd. Sells 242,188 Shares of Crocs, Inc. $CROX

WIT Partners Advisory Pte. Ltd. trimmed its holdings in Crocs, Inc. (NASDAQ:CROX) by 27.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 632,812 shares of the textile maker’s stock after selling 242,188 shares during the period. Crocs makes up about 83.7% of WIT Partners Advisory Pte. Ltd.’s holdings, making the stock its largest holding. WIT Partners Advisory Pte. Ltd. owned approximately 1.32% of Crocs worth $74,235,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Crocs in the second quarter valued at about $561,223,000. Patient Capital Management LLC acquired a new position in shares of Crocs in the 2nd quarter worth approximately $96,443,000. Himalaya Capital Management LLC purchased a new position in shares of Crocs during the 4th quarter worth approximately $53,720,000. Bank of America Corp DE increased its holdings in Crocs by 130.1% in the 1st quarter. Bank of America Corp DE now owns 342,053 shares of the textile maker’s stock valued at $28,397,000 after purchasing an additional 193,426 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Crocs by 5.7% during the first quarter. Pacer Advisors Inc. now owns 339,478 shares of the textile maker’s stock worth $28,183,000 after purchasing an additional 18,220 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Buying and Selling

In other Crocs news, Director Beth J. Kaplan bought 885 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average price of $112.12 per share, for a total transaction of $99,226.20. Following the completion of the purchase, the director owned 15,259 shares of the company’s stock, valued at approximately $1,710,839.08. This represents a 6.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Rees sold 19,072 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $138.91, for a total value of $2,649,291.52. Following the transaction, the chief executive officer directly owned 713,293 shares in the company, valued at approximately $99,083,530.63. This represents a 2.60% decrease in their position. The SEC filing for this sale provides additional information. 3.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CROX has been the subject of a number of research reports. Monness Crespi & Hardt lifted their price objective on Crocs from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, July 31st. The Goldman Sachs Group reissued a “sell” rating and set a $95.00 target price on shares of Crocs in a research note on Friday, July 31st. Seaport Research Partners raised their target price on Crocs from $135.00 to $160.00 and gave the company a “buy” rating in a report on Monday, July 20th. UBS Group lifted their target price on Crocs from $107.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Finally, Needham & Company LLC increased their price target on shares of Crocs from $132.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Crocs presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.20.

Crocs Price Performance

Crocs stock opened at $124.77 on Friday. The stock has a market cap of $5.98 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 0.98 and a beta of 1.56. The company has a fifty day simple moving average of $121.29 and a 200-day simple moving average of $117.40. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $141.28. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94.

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

Crocs Company Profile

Crocs, Inc is a global footwear company best known for its molded clogs made from Croslite, a proprietary material designed to provide lightweight comfort and water resistance. The company’s product portfolio also includes sandals, slides, boots, sneakers and other casual footwear, along with Jibbitz charms and accessories that allow consumers to personalize Crocs shoes.

Founded in 2002, Crocs sells its products through company-operated and partner retail stores, e-commerce websites, wholesale partners and third-party digital marketplaces.