BlackRock Amends Crocs Stake Filing as of Dec 31, 2023
Ticker: CROX · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1334036
| Field | Detail |
|---|---|
| Company | Crocs, INC. (CROX) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its Crocs ownership, signaling continued institutional interest.**
AI Summary
BlackRock, Inc. has filed an amendment to its Schedule 13G, indicating its ownership of Crocs, Inc. common stock as of December 31, 2023. This filing, an SC 13G/A, updates previous disclosures and confirms BlackRock's continued significant, but passive, investment in the footwear company. For investors, this means a major institutional player maintains a stake, which can signal confidence in Crocs' long-term prospects, but the specific percentage of ownership is not detailed in this excerpt.
Why It Matters
This filing shows that a major institutional investor, BlackRock, continues to hold a significant position in Crocs, which can be a vote of confidence for current and potential shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company operations.
Analyst Insight
Investors should note that a major institutional investor like BlackRock continues to hold Crocs stock, suggesting long-term confidence, but this filing doesn't provide new information on the exact percentage or any change in their stake from the previous filing.
Key Numbers
- 227046109 — CUSIP Number (Identifies Crocs, Inc. Common Stock)
- December 31, 2023 — Date of Event (The snapshot date for BlackRock's ownership)
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Crocs, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- 227046109 (number) — the CUSIP number for Crocs, Inc. Common Stock
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Crocs, Inc. throughout 2024. (BlackRock, Inc.) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 2)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section.
What is the subject company whose securities are being reported?
The subject company is Crocs, Inc., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Crocs, Inc.' and '(Name of Issuer) CROCS INC'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding Crocs, Inc. (CROX).