Crocs, Inc. (NASDAQ:CROX) Holdings Raised by Tidal Investments LLC

Tidal Investments LLC lifted its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 64.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,674 shares of the textile maker's stock after purchasing an additional 8,498 shares during the quarter. Tidal Investments LLC's holdings in Crocs were worth $3,139,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Financial Management Professionals Inc. boosted its holdings 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 period. GHP Investment Advisors Inc. lifted its holdings in Crocs by 375.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker's stock valued at $33,000 after buying an additional 180 shares in the last quarter. UMB Bank n.a. boosted 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 during the period. V Square Quantitative Management LLC lifted its holdings in shares of Crocs by 83.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker's stock worth $45,000 after buying an additional 142 shares during the period. Finally, Avior Wealth Management LLC grew its holdings in 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 in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CROX shares. Guggenheim reaffirmed a "buy" rating and set a $155.00 target price on shares of Crocs in a research report on Friday, December 6th. Robert W. Baird cut their price target on shares of Crocs from $190.00 to $180.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. UBS Group reduced their price objective on Crocs from $146.00 to $122.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. Loop Capital downgraded shares of Crocs from a "buy" rating to a "hold" rating and decreased their target price for the company from $150.00 to $110.00 in a research report on Thursday, November 7th. Finally, Needham & Company LLC initiated coverage on Crocs in a report on Friday, November 22nd. They issued a "buy" rating and a $116.00 price target for the company. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $148.80.

Crocs Price Performance

Shares of CROX traded down $1.22 during trading hours on Friday, hitting $111.72. 1,095,839 shares of the stock were exchanged, compared to its average volume of 1,348,372. The stock's 50-day moving average price is $115.56 and its two-hundred day moving average price is $132.16. Crocs, Inc. has a 12-month low of $85.71 and a 12-month 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 company has a market cap of $6.51 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 1.14 and a beta of 1.98.

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. 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 quarter last year, the business posted $3.25 earnings per share. The firm's revenue was up 1.6% compared to the same quarter last year. Research analysts expect that Crocs, Inc. will post 12.93 earnings per share for the current year.

Insider Buying and Selling

In other Crocs news, CFO Susan L. Healy bought 1,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the transaction, the chief financial officer now owns 22,652 shares in the company, valued at approximately $2,258,404.40. The trade was a 4.62 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John B. Replogle purchased 2,240 shares of Crocs stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average price 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. The trade was a 31.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.72% of the company's stock.

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.