Crocs, Inc. (NASDAQ:CROX) Holdings Lifted by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC grew its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 2,775.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,908 shares of the textile maker's stock after acquiring an additional 7,633 shares during the period. Catalyst Capital Advisors LLC's holdings in Crocs were worth $1,145,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. QRG Capital Management Inc. increased its holdings in Crocs by 15.9% in the third quarter. QRG Capital Management Inc. now owns 2,213 shares of the textile maker's stock valued at $320,000 after purchasing an additional 303 shares during the period. IAG Wealth Partners LLC bought a new position in shares of Crocs during the 3rd quarter worth about $796,000. Van ECK Associates Corp lifted its position in Crocs by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 36,618 shares of the textile maker's stock valued at $5,303,000 after acquiring an additional 10,463 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Crocs by 23.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 21,189 shares of the textile maker's stock valued at $3,068,000 after acquiring an additional 4,051 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its position in Crocs by 1,166.3% in the 3rd quarter. Pinnacle Associates Ltd. now owns 36,407 shares of the textile maker's stock valued at $5,272,000 after acquiring an additional 33,532 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on CROX shares. Piper Sandler reiterated an "overweight" rating and issued a $170.00 price objective on shares of Crocs in a research note on Friday, August 23rd. Wedbush reaffirmed an "outperform" rating and set a $170.00 price objective on shares of Crocs in a report on Monday, July 29th. Monness Crespi & Hardt lowered their price target on shares of Crocs from $170.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. UBS Group reduced their price target on shares of Crocs from $146.00 to $122.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th. Finally, Williams Trading upgraded shares of Crocs from a "hold" rating to a "buy" rating and upped their target price for the stock from $135.00 to $163.00 in a research note on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $154.00.

Crocs Trading Down 2.4 %

Shares of NASDAQ CROX traded down $2.48 on Wednesday, reaching $102.74. 2,377,389 shares of the company traded hands, compared to its average volume of 1,339,561. Crocs, Inc. has a fifty-two week low of $77.16 and a fifty-two week high of $165.32. The company has a 50 day moving average of $134.16 and a 200 day moving average of $138.16. 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 has a market capitalization of $5.99 billion, a PE ratio of 7.37, a P/E/G ratio of 1.07 and a beta of 2.01.

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, topping analysts' consensus estimates of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same quarter in the previous year, the business earned $3.25 EPS. The company's revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities research analysts forecast that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Douglas J. Treff sold 10,594 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the completion of the transaction, the director now directly owns 81,254 shares in the company, valued at approximately $10,756,404.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Crocs news, Director Douglas J. Treff sold 10,594 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total value of $1,402,433.72. Following the sale, the director now directly owns 81,254 shares of the company's stock, valued at $10,756,404.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John B. Replogle bought 2,240 shares of the company's stock in a transaction on Wednesday, October 30th. The stock was bought at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the transaction, the director now directly owns 9,304 shares of the company's stock, valued at $1,047,630.40. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company's stock.

Crocs Company 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.