Van ECK Associates Corp Boosts Stake in Crocs, Inc. (NASDAQ:CROX)

Van ECK Associates Corp raised its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 40.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,618 shares of the textile maker's stock after acquiring an additional 10,463 shares during the quarter. Van ECK Associates Corp owned approximately 0.06% of Crocs worth $5,303,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CROX. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Crocs in the 1st quarter worth approximately $3,859,000. Janney Montgomery Scott LLC raised its position in Crocs by 18.5% in the first quarter. Janney Montgomery Scott LLC now owns 17,015 shares of the textile maker's stock worth $2,447,000 after acquiring an additional 2,658 shares during the period. GSA Capital Partners LLP boosted its stake in shares of Crocs by 9.7% during the 1st quarter. GSA Capital Partners LLP now owns 4,368 shares of the textile maker's stock worth $628,000 after acquiring an additional 385 shares during the last quarter. LSV Asset Management grew its position in shares of Crocs by 73.3% during the 1st quarter. LSV Asset Management now owns 300,413 shares of the textile maker's stock valued at $43,199,000 after acquiring an additional 127,100 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Crocs by 59.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 14,706 shares of the textile maker's stock worth $2,115,000 after purchasing an additional 5,484 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on CROX shares. Wedbush reissued an "outperform" rating and set a $170.00 price target on shares of Crocs in a report on Monday, July 29th. Raymond James downgraded Crocs from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 30th. UBS Group decreased their target price on shares of Crocs from $146.00 to $122.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. KeyCorp lowered their price target on shares of Crocs from $155.00 to $150.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Finally, Piper Sandler reissued an "overweight" rating and issued a $170.00 price objective on shares of Crocs in a research note on Friday, August 23rd. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Crocs currently has a consensus rating of "Moderate Buy" and an average target price of $151.14.

Insider Buying and Selling at Crocs

In other Crocs news, Director John B. Replogle purchased 2,240 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average price of $112.60 per share, with a total value of $252,224.00. Following the acquisition, the director now owns 9,304 shares in the company, valued at approximately $1,047,630.40. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.72% of the stock is owned by company insiders.

Crocs Price Performance

Shares of CROX stock traded down $0.56 during trading hours on Friday, hitting $101.30. The stock had a trading volume of 1,836,388 shares, compared to its average volume of 1,809,737. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 1.04 and a beta of 2.01. Crocs, Inc. has a one year low of $77.16 and a one year high of $165.32. The stock's 50-day moving average price is $131.59 and its two-hundred day moving average price is $137.57.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) 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 business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.05 billion. During the same period in the prior year, the firm earned $3.25 EPS. The company's revenue for the quarter was up 1.6% on a year-over-year basis. Equities analysts forecast that Crocs, Inc. will post 12.93 EPS for the current year.

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.