Franklin Resources Inc. raised its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 31.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,600 shares of the textile maker's stock after acquiring an additional 11,056 shares during the period. Franklin Resources Inc. owned approximately 0.08% of Crocs worth $6,497,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CROX. Davis Investment Partners LLC raised its holdings in Crocs by 0.8% in the third quarter. Davis Investment Partners LLC now owns 9,673 shares of the textile maker's stock valued at $1,362,000 after buying an additional 77 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Crocs by 8.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker's stock valued at $152,000 after acquiring an additional 85 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in Crocs by 8.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,350 shares of the textile maker's stock worth $195,000 after purchasing an additional 100 shares during the period. Covestor Ltd increased its holdings in Crocs by 10.3% in the 3rd quarter. Covestor Ltd now owns 1,225 shares of the textile maker's stock valued at $178,000 after purchasing an additional 114 shares in the last quarter. Finally, Clear Harbor Asset Management LLC raised its position in Crocs by 4.0% in the third quarter. Clear Harbor Asset Management LLC now owns 3,014 shares of the textile maker's stock valued at $436,000 after purchasing an additional 115 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CFO Susan L. Healy acquired 1,000 shares of the business's stock in a transaction that occurred on 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 purchase, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. This trade represents a 4.62 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John B. Replogle bought 2,240 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The stock was bought at an average price of $112.60 per share, with a total value of $252,224.00. Following the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.72% of the company's stock.
Crocs Stock Performance
Shares of CROX stock traded up $1.41 on Monday, hitting $113.27. 1,353,975 shares of the stock traded hands, compared to its average volume of 1,355,065. The company has a market capitalization of $6.60 billion, a PE ratio of 8.21, a PEG ratio of 1.14 and a beta of 1.98. The company's fifty day moving average is $112.78 and its 200 day moving average is $130.48. 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 1-year low of $85.71 and a 1-year high of $165.32.
Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings data 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 net margin of 20.50% and a return on equity of 49.70%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business earned $3.25 earnings per share. Crocs's quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts predict that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently issued reports on CROX. Loop Capital lowered Crocs from a "buy" rating to a "hold" rating and lowered their target price for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. Raymond James lowered shares of Crocs from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 30th. StockNews.com cut shares of Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, December 12th. Needham & Company LLC assumed coverage on shares of Crocs in a report on Friday, November 22nd. They set a "buy" rating and a $116.00 price target for the company. Finally, Monness Crespi & Hardt cut their price objective on shares of Crocs from $170.00 to $140.00 and set a "buy" rating on the stock 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 company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $148.80.
View Our Latest Report on CROX
About Crocs
(
Free Report)
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.
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