Crocs, Inc. (NASDAQ:CROX) Shares Acquired by Crawford Fund Management LLC

Crawford Fund Management LLC grew its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 379.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,811 shares of the textile maker's stock after purchasing an additional 27,551 shares during the period. Crocs makes up about 1.1% of Crawford Fund Management LLC's portfolio, making the stock its 14th biggest position. Crawford Fund Management LLC owned about 0.06% of Crocs worth $5,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CROX. GHP Investment Advisors Inc. lifted its stake in shares of Crocs by 375.0% during the 2nd 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 last quarter. Financial Management Professionals Inc. lifted its stake in shares of Crocs by 11,200.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker's stock worth $33,000 after acquiring an additional 224 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Crocs by 64.9% during the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker's stock worth $44,000 after acquiring an additional 120 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Crocs by 83.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker's stock worth $45,000 after acquiring an additional 142 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its stake in shares of Crocs by 109.5% during the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker's stock worth $58,000 after acquiring an additional 208 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Susan L. Healy purchased 1,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was bought at an average price of $99.70 per share, with a total value of $99,700.00. Following the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John B. Replogle purchased 2,240 shares of the stock in a transaction on Wednesday, October 30th. The shares were purchased at an average cost of $112.60 per share, with a total value of $252,224.00. Following the transaction, the director now owns 9,304 shares in the company, 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 owned by company insiders.

Crocs Stock Performance

Shares of NASDAQ:CROX remained flat at $105.60 on Friday. The stock had a trading volume of 758,977 shares, compared to its average volume of 1,352,880. Crocs, Inc. has a twelve month low of $85.71 and a twelve month high of $165.32. The business has a 50-day moving average of $122.56 and a 200 day moving average of $134.83. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 7.63, a PEG ratio of 1.07 and a beta of 2.01. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CROX shares. Piper Sandler reissued an "overweight" rating and set a $170.00 price target on shares of Crocs in a research note on Friday, August 23rd. Needham & Company LLC started coverage on Crocs in a research note on Friday, November 22nd. They set a "buy" rating and a $116.00 price target for the company. Monness Crespi & Hardt reduced their price objective on Crocs from $170.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Barclays reduced their price objective on Crocs from $164.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. Finally, KeyCorp reduced their price objective on Crocs from $155.00 to $150.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $148.80.

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.