Sanctuary Advisors LLC Takes Position in Crocs, Inc. $CROX

Sanctuary Advisors LLC bought a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,125 shares of the textile maker’s stock, valued at approximately $592,000.

A number of other institutional investors have also made changes to their positions in the business. Step Capital Management Pte. Ltd. bought a new position in Crocs during the fourth quarter worth $1,710,000. MH & Associates Securities Management Corp ADV bought a new position in shares of Crocs in the fourth quarter valued at about $1,736,000. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Crocs by 92.3% in the fourth 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 period. Himalaya Capital Management LLC acquired a new stake in shares of Crocs during the 4th quarter worth about $53,720,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Crocs during the 4th quarter worth about $3,800,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Trading Down 0.1%

Shares of Crocs stock opened at $134.54 on Tuesday. The firm has a 50-day moving average of $123.86 and a 200-day moving average of $102.24. The stock has a market cap of $6.69 billion, a PE ratio of -97.49, a PEG ratio of 1.39 and a beta of 1.55. Crocs, Inc. has a 52-week low of $73.21 and a 52-week high of $140.42. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.04 and a current ratio of 1.67.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, April 30th. The textile maker reported $2.99 EPS for the quarter, beating the consensus estimate of $2.78 by $0.21. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The business had revenue of $921.46 million for the quarter, compared to the consensus estimate of $900.57 million. During the same period in the prior year, the company posted $3.00 earnings per share. Crocs’s revenue was down 1.7% compared to the same quarter last year. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. As a group, sell-side analysts forecast that Crocs, Inc. will post 13.66 EPS for the current year.

Insider Transactions at Crocs

In other Crocs news, CEO Andrew Rees sold 32,688 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $118.09, for a total value of $3,860,125.92. Following the completion of the sale, the chief executive officer 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Williams Trading set a $150.00 price target on shares of Crocs in a research note on Tuesday, June 9th. The Goldman Sachs Group cut shares of Crocs from a “sell” rating to a “neutral” rating in a report on Monday, June 8th. Robert W. Baird upgraded shares of Crocs from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $115.00 to $150.00 in a research report on Monday, June 8th. Seaport Research Partners boosted their price objective on Crocs from $135.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Crocs in a research report on Monday, June 8th. They issued a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Crocs currently has a consensus rating of “Moderate Buy” and an average target price of $128.00.

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.