Caisse DE Depot ET Placement DU Quebec Makes New $17.12 Million Investment in Crocs, Inc. (NASDAQ:CROX)

Caisse DE Depot ET Placement DU Quebec purchased a new stake in Crocs, Inc. (NASDAQ:CROX - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 118,238 shares of the textile maker's stock, valued at approximately $17,122,000. Caisse DE Depot ET Placement DU Quebec owned about 0.20% of Crocs at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CROX. GHP Investment Advisors Inc. lifted its holdings in shares of Crocs by 375.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker's stock valued at $33,000 after buying an additional 180 shares during the last quarter. Financial Management Professionals Inc. increased its position in Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker's stock worth $33,000 after buying an additional 224 shares during the last quarter. UMB Bank n.a. raised its holdings in Crocs by 64.9% during the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker's stock valued at $44,000 after buying an additional 120 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Crocs by 83.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker's stock worth $45,000 after acquiring an additional 142 shares in the last quarter. Finally, Avior Wealth Management LLC increased its holdings in shares of Crocs by 109.5% during the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker's stock valued at $58,000 after acquiring an additional 208 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CROX has been the topic of a number of recent analyst reports. Robert W. Baird dropped their price target on shares of Crocs from $190.00 to $180.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 30th. UBS Group cut their price objective on Crocs from $146.00 to $122.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Piper Sandler reaffirmed an "overweight" rating and issued a $170.00 price target on shares of Crocs in a research report on Friday, August 23rd. Barclays lowered their price objective on shares of Crocs from $164.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. Finally, KeyCorp reduced their price target on shares of Crocs from $155.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $148.80.

Crocs Stock Up 3.9 %

NASDAQ CROX traded up $4.08 during trading hours on Monday, reaching $109.68. 1,416,113 shares of the company's stock traded hands, compared to its average volume of 1,353,162. The firm has a 50-day simple moving average of $121.89 and a 200 day simple moving average of $134.42. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. The firm has a market cap of $6.39 billion, a PE ratio of 7.70, a PEG ratio of 1.07 and a beta of 2.01. Crocs, Inc. has a 52-week low of $85.71 and a 52-week high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping analysts' consensus estimates of $3.10 by $0.50. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same period last year, the company posted $3.25 EPS. The business's revenue was up 1.6% on a year-over-year basis. Sell-side analysts anticipate that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

Insider Activity

In other Crocs news, Director John B. Replogle acquired 2,240 shares of the stock in a transaction on Wednesday, October 30th. The shares were bought at an average price of $112.60 per share, with a total value of $252,224.00. Following the acquisition, the director now owns 9,304 shares of the company's stock, valued at $1,047,630.40. This trade represents a 31.71 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Susan L. Healy bought 1,000 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were acquired at an average price of $99.70 per share, with a total value of $99,700.00. Following the transaction, the chief financial officer now owns 22,652 shares of the company's stock, valued at $2,258,404.40. The trade was a 4.62 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.72% of the company's stock.

About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.