Commerce Bank Invests $3.12 Million in Crocs, Inc. (NASDAQ:CROX)

Commerce Bank purchased a new position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21,570 shares of the textile maker's stock, valued at approximately $3,124,000.

Other institutional investors also recently made changes to their positions in the company. GHP Investment Advisors Inc. grew its holdings in Crocs by 375.0% during the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker's stock worth $33,000 after acquiring an additional 180 shares during the period. Financial Management Professionals Inc. grew its stake in shares of Crocs by 11,200.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker's stock worth $33,000 after purchasing an additional 224 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Crocs by 64.9% in the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker's stock worth $44,000 after purchasing an additional 120 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Crocs by 83.0% during the third 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 last quarter. Finally, Avior Wealth Management LLC boosted its holdings in Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker's stock worth $58,000 after buying an additional 208 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Stock Up 4.2 %

Shares of NASDAQ:CROX traded up $4.27 during midday trading on Friday, hitting $106.08. 1,921,879 shares of the stock were exchanged, compared to its average volume of 2,134,123. The company has a market capitalization of $6.18 billion, a PE ratio of 7.69, a P/E/G ratio of 1.03 and a beta of 2.01. Crocs, Inc. has a 52-week low of $85.71 and a 52-week high of $165.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. The business's fifty day simple moving average is $125.11 and its two-hundred day simple moving average is $135.74.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share 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 return on equity of 49.70% and a net margin of 20.50%. The business's quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the business earned $3.25 EPS. As a group, research analysts predict that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Crocs

In related news, CFO Susan L. Healy purchased 1,000 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was bought at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the purchase, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John B. Replogle acquired 2,240 shares of the business's stock in a transaction that occurred 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 purchase, the director now directly owns 9,304 shares in the company, valued at $1,047,630.40. This represents a 31.71 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CROX shares. Guggenheim dropped their price target on Crocs from $182.00 to $155.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. UBS Group reduced their target price on Crocs from $146.00 to $122.00 and set a "neutral" rating for the company in a report on Wednesday, October 30th. Piper Sandler reissued an "overweight" rating and issued a $170.00 price target on shares of Crocs in a research note on Friday, August 23rd. Loop Capital downgraded Crocs from a "buy" rating to a "hold" rating and cut their price objective for the stock from $150.00 to $110.00 in a report on Thursday, November 7th. Finally, Raymond James cut shares of Crocs from an "outperform" rating to a "market perform" rating in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.