Vontobel Holding Ltd. Sells 1,871 Shares of Crocs, Inc. (NASDAQ:CROX)

On February 20th, 2025, it was reported that Vontobel Holding Ltd. has reduced its position in Crocs, Inc. (NASDAQ:CROX) by 21.9% in the fourth quarter. Following this sale, the fund now holds 6,669 shares of the footwear company. The transaction involved the sale of 1,871 shares, bringing the total value of Vontobel's investment in Crocs to approximately $730,000 as of the latest reporting period.

Changes by Other Investors

Several other significant investors have also adjusted their stakes in Crocs. Crossmark Global Holdings Inc. increased its investment in the company by 55.8% in the third quarter, now holding 40,192 shares valued at $5,820,000 after purchasing an additional 14,387 shares. In a remarkable increase, Meeder Asset Management Inc. boosted its holdings by 585.5%, acquiring a total of 24,349 shares valued at $3,526,000 after buying an additional 20,797 shares during the same period. Another impressive increase was seen with Catalyst Capital Advisors LLC, which raised its holdings by 2,775.6%, now owning 7,908 shares valued at $1,145,000 after their purchase of 7,633 shares. Aigen Investment Management LP and International Assets Investment Management LLC both also entered the scene by purchasing new stakes valued at $2,024,000 and $2,076,000 respectively. Notably, institutional investors collectively own 93.44% of the stock.

Insider Trading Activity

In related news, Adam Michaels, the Executive Vice President of Crocs, sold 15,000 shares of the company's stock recently, on February 18th. This sale was made at an average price of $106.69 per share, totaling approximately $1,600,350. Following this transaction, Michaels now directly holds 89,323 shares of Crocs, valued at around $9,529,870.87. The trade represents a 14.38% decrease in the insider's ownership and was documented in a filing with the Securities and Exchange Commission.

Crocs Stock Performance

On the trading day of February 20th, shares of Crocs, Inc. opened at $110.97. The stock has seen a 12-month low of $88.25 and a high of $165.32. Its 50-day and 200-day simple moving averages stand at $105.55 and $118.92, respectively. Financial metrics for Crocs show a quick ratio of 0.70, a current ratio of 1.18, and a debt-to-equity ratio of 0.74, with a market capitalization of $6.22 billion. The company offers a price-to-earnings (P/E) ratio of 6.94 and a price-to-earnings growth (PEG) ratio of 1.82, complemented by a beta value of 1.93.

Recent Earnings Report

Crocs recently announced its earnings results on February 13th, revealing that it earned $2.52 per share for the quarter, exceeding the consensus estimate of $2.27 by $0.25. The company reported a net margin of 23.16% and a return on equity of 46.27%. Analysts expect the earnings per share figure for the fiscal year to reach 12.97.

Analyst Recommendations

The stock has recently been the subject of various analyst reports, with Barclays reducing its price target from $125.00 to $122.00 and assigning an 'overweight' rating. Guggenheim adjusted its price target for Crocs from $155.00 to $150.00, rating it as a 'buy.' Meanwhile, StockNews.com has downgraded Crocs from a 'buy' rating to a 'hold.' Several analysts have noted a shift in opinions, with four assigning hold ratings and twelve recommending a 'buy,' resulting in a consensus rating of 'Moderate Buy' and a target price of $143.53 according to MarketBeat.

About Crocs

Crocs, Inc., along with its subsidiaries, designs, develops, manufactures, markets, and sells casual lifestyle footwear and accessories for men, women, and children globally. Known for products like clogs, sandals, slides, sneakers, and more, the company operates under its own brand as well as the HEYDUDE brand.

Vontobel, Crocs, Shares