FMR LLC & Abigail Johnson Maintain 11.029% Stake in Crocs (CROX)
Ticker: CROX · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1334036
| Field | Detail |
|---|---|
| Company | Crocs, INC. (CROX) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**FMR LLC still owns over 11% of Crocs, showing strong institutional confidence.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Crocs, Inc. (CROX) through an SC 13G/A filing on February 12, 2024. They now collectively beneficially own 6,680,104 shares, representing 11.029% of Crocs' common stock. This matters to investors because it shows a significant institutional holder maintaining a substantial position, indicating continued confidence in the company's long-term prospects, despite a slight decrease in their sole voting power from previous filings.
Why It Matters
This filing indicates a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, continue to hold a significant stake in Crocs, suggesting their belief in the company's value and future performance.
Risk Assessment
Risk Level: low — This filing is an update to an existing passive investment, not a new or aggressive stake, indicating stability rather than immediate risk.
Analyst Insight
A smart investor would note the continued significant institutional ownership by FMR LLC as a sign of long-term confidence, but also recognize this is a passive stake and doesn't signal immediate aggressive action. It's a data point for stability, not a catalyst for rapid price movement.
Key Numbers
- 6,680,104 — Shares Beneficially Owned (Represents the total number of Crocs common stock shares FMR LLC and Abigail P. Johnson collectively own.)
- 11.029% — Percent of Class (Indicates the significant portion of Crocs' common stock controlled by FMR LLC and Abigail P. Johnson.)
- 6,349,585 — Sole Voting Power (FMR LLC) (The number of shares FMR LLC has the sole power to vote or direct the vote, as per Item 5 on the cover page.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- Crocs, Inc. (company) — issuer of the securities
- 6,680,104 (dollar_amount) — total shares beneficially owned
- 11.029% (dollar_amount) — percentage of class beneficially owned
Forward-Looking Statements
- FMR LLC will likely maintain a significant, passive stake in Crocs, Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-12
- Crocs, Inc. will continue to be viewed favorably by large institutional investors due to existing significant holdings. (Crocs, Inc.) — medium confidence, target: 2024-12-31
FAQ
Who filed this SC 13G/A amendment regarding Crocs, Inc. shares?
This SC 13G/A amendment was filed by FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each reporting person.
What percentage of Crocs, Inc. common stock do FMR LLC and Abigail P. Johnson collectively beneficially own?
FMR LLC and Abigail P. Johnson collectively beneficially own 11.029% of Crocs, Inc. common stock, as detailed in Item 11 on the cover page for both reporting persons and Item 4(b) for FMR LLC.
What is the total number of shares beneficially owned by FMR LLC and Abigail P. Johnson?
The total number of shares beneficially owned by FMR LLC and Abigail P. Johnson is 6,680,104, as indicated in Item 7 on the cover page for both reporting persons and Item 4(a) for FMR LLC.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed pursuant to Rule 13d-1(b), as indicated by the checked box on the first page of the filing and confirmed in Item 3.
What is the CUSIP number for Crocs, Inc. common stock mentioned in the filing?
The CUSIP number for Crocs, Inc. common stock is 227046109, as stated on the cover page and in Item 2(e) of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 by Abigail P. Johnson regarding Crocs, Inc. (CROX).