Crocs, Inc. (NASDAQ:CROX) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC raised its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 11.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,343 shares of the textile maker's stock after purchasing an additional 5,422 shares during the quarter. Empowered Funds LLC owned 0.09% of Crocs worth $7,869,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CROX. National Bank of Canada FI lifted its holdings in shares of Crocs by 8,437.1% in the second quarter. National Bank of Canada FI now owns 182,695 shares of the textile maker's stock worth $26,993,000 after buying an additional 180,555 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Crocs by 15.1% during the second quarter. Pacer Advisors Inc. now owns 1,091,097 shares of the textile maker's stock worth $159,235,000 after acquiring an additional 142,944 shares in the last quarter. Marshall Wace LLP purchased a new stake in Crocs during the second quarter valued at about $19,598,000. Distillate Capital Partners LLC purchased a new stake in Crocs during the 2nd quarter valued at about $13,483,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Crocs by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker's stock valued at $115,322,000 after purchasing an additional 89,610 shares during the period. Institutional investors and hedge funds own 93.44% of the company's stock.

Wall Street Analyst Weigh In

CROX has been the topic of several research reports. StockNews.com cut Crocs from a "buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Guggenheim dropped their price target on Crocs from $182.00 to $155.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Robert W. Baird decreased their price objective on Crocs from $190.00 to $180.00 and set an "outperform" rating for the company in a report on Wednesday, October 30th. Monness Crespi & Hardt dropped their target price 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. Finally, Williams Trading upgraded shares of Crocs from a "hold" rating to a "buy" rating and increased their price target for the stock from $135.00 to $163.00 in a research note on Thursday, August 22nd. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $151.14.

Insider Activity at Crocs

In related news, Director John B. Replogle bought 2,240 shares of the company's stock in a transaction that occurred 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 completion of the acquisition, the director now directly owns 9,304 shares in the company, valued at approximately $1,047,630.40. The trade was a 31.71 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Susan L. Healy acquired 1,000 shares of the business's stock in a transaction on Wednesday, November 13th. The stock was purchased at an average cost of $99.70 per share, with a total value of $99,700.00. Following the acquisition, the chief financial officer now directly owns 22,652 shares of the company's stock, valued at $2,258,404.40. This represents a 4.62 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is owned by corporate insiders.

Crocs Price Performance

Shares of CROX stock traded down $2.08 on Friday, reaching $97.78. The company's stock had a trading volume of 1,373,750 shares, compared to its average volume of 1,347,755. Crocs, Inc. has a 1 year low of $85.71 and a 1 year high of $165.32. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The stock's fifty day simple moving average is $127.81 and its 200-day simple moving average is $136.69. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 1.00 and a beta of 2.01.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.10 by $0.50. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. Crocs's revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.25 EPS. Analysts forecast that Crocs, Inc. will post 12.93 earnings per share for the current fiscal 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.