X Square Capital LLC Takes Position in Crocs, Inc. $CROX

X Square Capital LLC acquired a new position in Crocs, Inc. (NASDAQ:CROX) during the second quarter, HoldingsChannel.com reports. The fund acquired 24,293 shares of the textile maker’s stock, valued at approximately $2,931,000.

Other large investors have also recently modified their holdings of the company. Root Financial Partners LLC boosted its stake in Crocs by 96.3% in the first quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 157 shares in the last quarter. Torren Management LLC purchased a new position in Crocs in the fourth quarter worth $39,000. Parallel Advisors LLC increased its position in shares of 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 in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Crocs during the 2nd quarter valued at $42,000. Finally, Allworth Financial LP purchased a new stake in shares of Crocs during the 2nd quarter valued at $53,000. Institutional investors own 93.44% of the company’s stock.

Insider Activity

In other 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 value of $3,860,125.92. Following the completion of the transaction, the chief executive officer directly owned 743,293 shares in the company, valued at $87,775,470.37. This trade represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 62,688 shares of company stock valued at $8,014,859 in the last three months. Company insiders own 3.10% of the company’s stock.

Crocs Price Performance

NASDAQ CROX opened at $122.11 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 stock’s fifty day moving average price is $129.45 and its 200 day moving average price is $108.37. Crocs, Inc. has a 1 year low of $73.21 and a 1 year high of $141.28. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 1.02 and a beta of 1.53.

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, topping analysts’ consensus estimates 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 analyst estimates of $1.15 billion. During the same quarter last year, the business posted ($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. As a group, equities research analysts forecast that Crocs, Inc. will post 13.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CROX shares. Needham & Company LLC boosted their target price on Crocs from $132.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Robert W. Baird set a $163.00 price target on Crocs in a report on Friday, July 31st. Stifel Nicolaus boosted their price target on Crocs from $105.00 to $125.00 and gave the stock a “hold” rating in a research note on Monday, June 15th. Wedbush began coverage on shares of Crocs in a report on Monday, June 8th. They set an “outperform” rating on the stock. Finally, Monness Crespi & Hardt increased their price objective on shares of Crocs from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $139.10.

Crocs Company 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.