Polar Asset Management Partners Inc. Acquires Shares of 20,372 Crocs, Inc. $CROX

Polar Asset Management Partners Inc. acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 20,372 shares of the textile maker’s stock, valued at approximately $2,458,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CROX. Miller Value Partners LLC acquired a new stake in shares of Crocs in the 2nd quarter valued at about $3,481,000. Jupiter Topco LLC acquired a new position in Crocs in the second quarter worth about $2,403,000. Canada Pension Plan Investment Board bought a new stake in Crocs in the second quarter valued at about $8,071,000. Castleark Management LLC acquired a new stake in Crocs during the second quarter valued at approximately $10,352,000. Finally, Legal & General Group Plc acquired a new stake in Crocs during the second quarter valued at approximately $8,129,000. Institutional investors own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CROX has been the topic of a number of research analyst reports. Royal Bank Of Canada started coverage on Crocs in a report on Monday, June 8th. They set an “overweight” rating on the stock. Williams Trading set a $150.00 price objective on Crocs in a research note on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Crocs in a report on Monday, June 8th. They issued a “buy” rating for the company. Needham & Company LLC increased their target price on shares of Crocs from $132.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Barclays raised their price target on shares of Crocs from $110.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $139.10.

Crocs Trading Down 2.3%

Crocs stock opened at $122.89 on Wednesday. Crocs, Inc. has a 52-week low of $73.21 and a 52-week high of $141.28. The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 1.05 and a beta of 1.53. The firm has a 50-day moving average price of $129.36 and a two-hundred day moving average price of $109.06.

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

Insider Buying and Selling

In related news, CEO Andrew Rees sold 19,072 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 713,293 shares in the company, valued at $99,083,530.63. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 62,688 shares of company stock valued at $8,014,859. 3.10% of the stock is owned by company insiders.

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.