Charles Schwab Investment Management Inc. Lowers Stock Position in Crocs, Inc. (NASDAQ:CROX)

Charles Schwab Investment Management Inc. lowered its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 707,408 shares of the textile maker's stock after selling 21,113 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.21% of Crocs worth $102,440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its stake in Crocs by 33.8% in the third quarter. Pacer Advisors Inc. now owns 1,459,654 shares of the textile maker's stock worth $211,372,000 after purchasing an additional 368,557 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Crocs by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker's stock worth $131,634,000 after purchasing an additional 11,986 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Crocs by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker's stock valued at $115,322,000 after purchasing an additional 89,610 shares during the period. Van Lanschot Kempen Investment Management N.V. lifted its holdings in Crocs by 6.7% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 521,726 shares of the textile maker's stock valued at $76,141,000 after buying an additional 32,984 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Crocs by 7.3% during the second quarter. American Century Companies Inc. now owns 325,516 shares of the textile maker's stock worth $47,506,000 after acquiring an additional 22,069 shares during the period. Hedge funds and other institutional investors own 93.44% of the company's stock.

Crocs Stock Performance

CROX traded up $2.34 during midday trading on Wednesday, hitting $106.40. 80,315 shares of the company were exchanged, compared to its average volume of 1,347,488. The company's 50 day simple moving average is $124.58 and its 200 day simple moving average is $135.52. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 1.10 and a beta of 2.01. Crocs, Inc. has a 1-year low of $85.71 and a 1-year 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.

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, beating the consensus estimate of $3.10 by $0.50. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. Crocs's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $3.25 earnings per share. As a group, sell-side analysts predict that Crocs, Inc. will post 12.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CROX shares. Guggenheim lowered their price objective on shares of Crocs from $182.00 to $155.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. StockNews.com lowered Crocs from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Williams Trading raised shares of Crocs from a "hold" rating to a "buy" rating and increased their price target for the company from $135.00 to $163.00 in a research report on Thursday, August 22nd. Needham & Company LLC assumed coverage on shares of Crocs in a research report on Friday, November 22nd. They issued a "buy" rating and a $116.00 price objective on the stock. Finally, Barclays reduced their price objective on shares of Crocs from $164.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Crocs presently has an average rating of "Moderate Buy" and a consensus target price of $148.80.

Insider Activity

In other Crocs news, Director John B. Replogle bought 2,240 shares of Crocs stock in a transaction dated Wednesday, October 30th. The stock was acquired 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 approximately $1,047,630.40. This represents a 31.71 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Susan L. Healy acquired 1,000 shares of the business's stock in a transaction on Wednesday, November 13th. The stock was acquired at an average price of $99.70 per share, with a total value of $99,700.00. Following the acquisition, the chief financial officer now owns 22,652 shares in the company, 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. 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.