Cinctive Capital Management LP Makes New $4.12 Million Investment in Crocs, Inc. (NASDAQ:CROX)

Cinctive Capital Management LP bought a new position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 28,469 shares of the textile maker's stock, valued at approximately $4,123,000.

Several other hedge funds have also recently bought and sold shares of CROX. GHP Investment Advisors Inc. lifted its stake in Crocs by 375.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker's stock valued at $33,000 after purchasing an additional 180 shares during the last quarter. Financial Management Professionals Inc. raised its holdings 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. lifted its holdings in shares of Crocs by 64.9% in the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker's stock valued at $44,000 after purchasing an additional 120 shares in the last quarter. V Square Quantitative Management LLC grew its stake in Crocs by 83.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker's stock valued at $45,000 after purchasing an additional 142 shares during the period. Finally, Avior Wealth Management LLC lifted its stake in Crocs by 109.5% in the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker's stock valued at $58,000 after purchasing an additional 208 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on CROX shares. Williams Trading raised shares of Crocs from a "hold" rating to a "buy" rating and raised their price target for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. Robert W. Baird reduced their price target on Crocs from $190.00 to $180.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. StockNews.com cut shares of Crocs from a "buy" rating to a "hold" rating in a report on Wednesday, October 30th. Guggenheim reduced their price objective on Crocs from $182.00 to $155.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Finally, Raymond James cut shares of Crocs from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $148.80.

Insider Activity at Crocs

In related news, CFO Susan L. Healy purchased 1,000 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was acquired at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the purchase, the chief financial officer now owns 22,652 shares in the company, valued at approximately $2,258,404.40. This represents a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John B. Replogle bought 2,240 shares of the company's stock in a transaction on Wednesday, October 30th. The shares were acquired at an average cost of $112.60 per share, for a total transaction 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 trade 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 Stock Performance

Shares of CROX traded up $4.08 during mid-day trading on Tuesday, reaching $109.68. 1,417,558 shares of the company's stock were exchanged, compared to its average volume of 1,487,931. The stock has a market capitalization of $6.39 billion, a PE ratio of 7.95, a price-to-earnings-growth ratio of 1.07 and a beta of 1.99. The business's fifty day simple moving average is $121.21 and its 200-day simple moving average is $134.20. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. 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 announced 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. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. Crocs's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.25 EPS. On average, equities research analysts expect that Crocs, Inc. will post 12.93 earnings per share for the current year.

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.