Crocs Stock Draws New $54 Million Bet Despite 12% Drop This Past Year

8 months ago 37

Jonathan Ponciano, The Motley Fool

Fri, February 27, 2026 astatine 8:41 AM CST 3 min read

On February 17, 2026, Himalaya Capital Management disclosed a caller presumption successful Crocs (NASDAQ:CROX), acquiring 628,159 shares valued astatine an estimated $53.72 cardinal based connected quarter-end pricing.

According to an SEC filing dated February 17, 2026, Himalaya Capital Management LLC established a caller presumption successful Crocs, purchasing 628,159 shares. The quarter-end worth of this involvement accrued by $53.72 million, reflecting the summation of the caller shares.

This was a caller position, bringing Crocs to 1.5% of Himalaya’s 13F AUM arsenic of December 31, 2025.
Top holdings aft the filing include:
- NASDAQ: GOOGL: $1.57 cardinal (43.9% of AUM)
- NYSE: BAC: $573.73 cardinal (16.1% of AUM)
- NASDAQ: PDD: $522.50 cardinal (14.6% of AUM)
- NYSE: BRK-B: $451.25 cardinal (12.6% of AUM)
- NASDAQ: EWBC: $312.03 cardinal (8.7% of AUM)
As of Thursday, CROX shares were priced astatine $92.70, down 12% implicit the past twelvemonth and good underperforming the S&P 500’s astir 16% summation successful the aforesaid period.

Metric

Value

Price (as of marketplace adjacent February 17, 2026)	$99.92
Market capitalization	$5.19 billion
Revenue (TTM)	$4.04 billion
Net income (TTM)	($81.2 million)

Crocs offers a divers portfolio of casual footwear and accessories, including clogs, sandals, slides, boots, flats, socks, footwear charms, and more, marketed nether the Crocs brand.
The steadfast generates gross done wholesale distribution, company-operated retail stores, e-commerce platforms, and third-party marketplaces.
It targets men, women, and children globally, with a beardown beingness successful the Americas, Asia Pacific, Europe, the Middle East, and Africa.

Crocs is simply a starring planetary decorator and shaper of casual footwear, recognized for its innovative and highly recognizable products. The institution leverages a multi-channel organisation exemplary to maximize scope and adaptability successful divers markets.

Consumer brands that stumble don’t ever get the payment of the doubt. Crocs conscionable posted full-year gross of $4.04 billion, down 1.5%, and reported a GAAP nett nonaccomplishment driven mostly by $81.2 cardinal successful HEYDUDE-related impairments. Strip retired the noise, however, and adjusted diluted EPS inactive came successful astatine $12.51 for 2025.

Operating currency travel reached $710 million, translating to astir $659 cardinal successful escaped currency flow. Management utilized that firepower to repurchase 6.5 cardinal shares for $577 cardinal and wage down $128 cardinal of debt. Total borrowings present beryllium astatine $1.23 billion, down from $1.35 cardinal a twelvemonth ago.

All of this to say, Crocs inactive looks similar a perchance dependable net illustration trading good beneath anterior enthusiasm levels. And ultimately, successful a portfolio dominated by concentrated positions successful Alphabet, Bank of America, and Berkshire Hathaway, a 1.5% allocation to Crocs looks opportunistic alternatively than reckless.

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