Crocs, Inc. (NASDAQ:CROX) Shares Purchased by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC grew its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 66.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,500 shares of the textile maker's stock after acquiring an additional 5,000 shares during the quarter. Crocs comprises about 2.0% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 18th biggest holding. ABS Direct Equity Fund LLC's holdings in Crocs were worth $1,810,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CROX. SG Americas Securities LLC purchased a new position in shares of Crocs in the second quarter worth approximately $386,000. 180 Wealth Advisors LLC boosted its holdings in shares of Crocs by 1.6% in the second quarter. 180 Wealth Advisors LLC now owns 7,248 shares of the textile maker's stock worth $1,036,000 after buying an additional 111 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Crocs by 19.3% in the second quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker's stock worth $144,000 after buying an additional 162 shares during the last quarter. Foster Victor Wealth Advisors LLC boosted its holdings in shares of Crocs by 0.4% in the second quarter. Foster Victor Wealth Advisors LLC now owns 55,698 shares of the textile maker's stock worth $7,580,000 after buying an additional 219 shares during the last quarter. Finally, Davis Investment Partners LLC boosted its holdings in shares of Crocs by 23.9% in the second quarter. Davis Investment Partners LLC now owns 9,596 shares of the textile maker's stock worth $1,336,000 after buying an additional 1,850 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insider Activity at Crocs

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

Crocs Trading Up 0.8 %

Shares of CROX traded up $0.85 during trading hours on Tuesday, reaching $111.44. 1,172,451 shares of the company traded hands, compared to its average volume of 1,350,212. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 1.11 and a beta of 1.98. Crocs, Inc. has a 12-month low of $85.71 and a 12-month high of $165.32. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The stock's fifty day moving average price is $117.21 and its 200 day moving average price is $132.85.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CROX shares. Monness Crespi & Hardt decreased their target price on shares of Crocs from $170.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Williams Trading upgraded shares of Crocs from a "hold" rating to a "buy" rating and raised their target price for the stock from $135.00 to $163.00 in a research note on Thursday, August 22nd. Piper Sandler reiterated an "overweight" rating and set a $170.00 price objective on shares of Crocs in a research report on Friday, August 23rd. StockNews.com upgraded shares of Crocs from a "hold" rating to a "buy" rating in a research report on Wednesday, December 4th. Finally, Needham & Company LLC assumed coverage on shares of Crocs in a research report on Friday, November 22nd. They set a "buy" rating and a $116.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $148.80.

Crocs Profile

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.