Wellington Management Group LLP Purchases 26,503 Shares of Crocs, Inc. $CROX

Wellington Management Group LLP grew its holdings in Crocs, Inc. (NASDAQ:CROX) by 130.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,854 shares of the textile maker’s stock after purchasing an additional 26,503 shares during the period. Wellington Management Group LLP owned about 0.10% of Crocs worth $5,652,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CROX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Crocs by 159.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock worth $79,000 after buying an additional 459 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Crocs by 4.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 211,305 shares of the textile maker’s stock valued at $22,441,000 after purchasing an additional 8,331 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Crocs by 278.1% in the second quarter. EverSource Wealth Advisors LLC now owns 862 shares of the textile maker’s stock valued at $87,000 after purchasing an additional 634 shares during the last quarter. First Trust Advisors LP raised its holdings in Crocs by 14.3% in the second quarter. First Trust Advisors LP now owns 112,217 shares of the textile maker’s stock worth $11,365,000 after purchasing an additional 14,067 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Crocs in the second quarter worth about $6,290,000. Institutional investors own 93.44% of the company’s stock.

Crocs Trading Down 2.9%

NASDAQ CROX opened at $111.09 on Thursday. Crocs, Inc. has a 1 year low of $73.21 and a 1 year high of $141.28. 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 company has a market capitalization of $5.33 billion, a PE ratio of 9.60, a P/E/G ratio of 0.95 and a beta of 1.52. The company has a fifty day moving average of $128.14 and a 200 day moving average of $111.09.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, topping the consensus estimate of $4.35 by $0.20. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned ($8.82) EPS. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Research analysts forecast 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 Crocs stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the completion of the transaction, the chief executive officer directly owned 713,293 shares in the company, valued at approximately $99,083,530.63. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CROX. Seaport Research Partners raised their price target on shares of Crocs from $135.00 to $160.00 and gave the company a “buy” rating in a report on Monday, July 20th. Weiss Ratings lowered shares of Crocs from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Wells Fargo & Company began coverage on shares of Crocs in a research report on Monday, June 8th. They set a “buy” rating for the company. Barclays raised their target price on shares of Crocs from $110.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Crocs 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 assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.