Louisiana State Employees Retirement System Makes New Investment in Crocs, Inc. $CROX

by · The Markets Daily

Louisiana State Employees Retirement System bought a new stake in shares of Crocs, Inc. (NASDAQ:CROX – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,600 shares of the textile maker’s stock, valued at approximately $1,212,000.

Several other large investors have also recently made changes to their positions in the business. Blue Trust Inc. grew its stake in shares of Crocs by 73.3% in the 1st quarter. Blue Trust Inc. now owns 1,561 shares of the textile maker’s stock worth $130,000 after buying an additional 660 shares during the last quarter. Kirr Marbach & Co. LLC IN raised its stake in Crocs by 17.4% during the first quarter. Kirr Marbach & Co. LLC IN now owns 57,422 shares of the textile maker’s stock valued at $4,767,000 after buying an additional 8,491 shares during the last quarter. SG Americas Securities LLC raised its stake in Crocs by 309.2% during the first quarter. SG Americas Securities LLC now owns 188,941 shares of the textile maker’s stock valued at $15,686,000 after buying an additional 142,763 shares during the last quarter. Tactive Advisors LLC bought a new stake in Crocs in the first quarter worth $378,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in Crocs by 5.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 7,760 shares of the textile maker’s stock worth $664,000 after acquiring an additional 374 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Andrew Rees sold 32,688 shares of Crocs 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 sale, the chief executive officer directly owned 743,293 shares in the company, valued at approximately $87,775,470.37. This trade represents a 4.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada assumed coverage on Crocs in a research note on Monday, June 8th. They issued an “overweight” rating on the stock. BTIG Research started coverage on Crocs in a research report on Tuesday, March 10th. They issued a “neutral” rating for the company. Williams Trading set a $150.00 price target on shares of Crocs in a research note on Tuesday, June 9th. Wedbush initiated coverage on shares of Crocs in a research report on Monday, June 8th. They set an “outperform” rating on the stock. Finally, Stifel Nicolaus raised their price objective on shares of Crocs from $105.00 to $125.00 and gave the company a “hold” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.00.

Check Out Our Latest Research Report on Crocs

Crocs Stock Performance

CROX stock opened at $125.28 on Friday. The stock’s 50 day simple moving average is $113.95 and its 200 day simple moving average is $97.28. The company has a current ratio of 1.67, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $129.79. The stock has a market capitalization of $6.23 billion, a PE ratio of -90.78, a price-to-earnings-growth ratio of 1.29 and a beta of 1.55.

Crocs (NASDAQ:CROX – Get Free Report) last posted its earnings results on Thursday, April 30th. The textile maker reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.21. Crocs had a positive return on equity of 48.29% and a negative net margin of 2.58%.The business had revenue of $921.46 million during the quarter, compared to analyst estimates of $900.57 million. During the same quarter last year, the company earned $3.00 EPS. The company’s quarterly 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, research analysts forecast that Crocs, Inc. will post 13.67 earnings per share for the current fiscal year.

About Crocs

(Free Report)

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.

Recommended Stories