Pacer Advisors Inc. Boosts Stock Holdings in Crocs, Inc. $CROX

Pacer Advisors Inc. raised its position in shares of Crocs, Inc. (NASDAQ:CROX) by 5.7% in the first quarter, Holdings Channel.com reports. The fund owned 339,478 shares of the textile maker’s stock after acquiring an additional 18,220 shares during the quarter. Pacer Advisors Inc.’s holdings in Crocs were worth $28,183,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC boosted its stake in shares of Crocs by 96.3% in the first 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 last quarter. Torren Management LLC acquired a new position in Crocs in the 4th quarter valued at $39,000. Parallel Advisors LLC raised its stake in Crocs by 60.2% in the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 186 shares during the last quarter. National Bank of Canada FI lifted its holdings in Crocs by 597.3% in the 3rd quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock valued at $65,000 after purchasing an additional 663 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Crocs in the 4th quarter valued at $68,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Performance

NASDAQ CROX opened at $134.89 on Tuesday. The stock’s fifty day moving average is $126.34 and its two-hundred day moving average is $103.83. The firm has a market capitalization of $6.70 billion, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 1.30 and a beta of 1.53. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.96 and a current ratio of 1.49. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $140.42.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share (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 company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business earned ($8.82) EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. On average, research analysts anticipate that Crocs, Inc. will post 13.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CROX has been the topic of several recent research reports. Stifel Nicolaus lifted their target price on shares of Crocs from $105.00 to $125.00 and gave the stock a “hold” rating in a research note on Monday, June 15th. Wedbush assumed coverage on shares of Crocs in a research note on Monday, June 8th. They issued an “outperform” rating on the stock. Weiss Ratings upgraded shares of Crocs from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday. Scotiabank started coverage on shares of Crocs in a research note on Monday, June 8th. They set an “outperform” rating for the company. Finally, Wall Street Zen raised shares of Crocs from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $135.09.

Insider Buying and Selling at Crocs

In related news, CEO Andrew Rees sold 32,688 shares of the company’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 approximately $87,775,470.37. This represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 3.10% of the company’s stock.

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.