Entropy Technologies LP Invests $887,000 in Crocs, Inc. (NASDAQ:CROX)

Entropy Technologies LP purchased a new position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,123 shares of the textile maker's stock, valued at approximately $887,000.

A number of other hedge funds have also made changes to their positions in the business. GHP Investment Advisors Inc. raised its stake in 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 in the last quarter. Financial Management Professionals Inc. increased its position in shares of Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker's stock worth $33,000 after purchasing an additional 224 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Crocs by 64.9% in the 3rd 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 last quarter. V Square Quantitative Management LLC boosted its position 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 valued at $45,000 after purchasing an additional 142 shares during the period. Finally, Blue Trust Inc. grew its stake in Crocs by 19.3% during the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker's stock worth $144,000 after buying an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insiders Place Their Bets

In related news, Director John B. Replogle acquired 2,240 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the transaction, the director now directly owns 9,304 shares of the company's stock, valued at approximately $1,047,630.40. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on CROX. Barclays reduced their price objective on Crocs from $164.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, October 29th. Raymond James downgraded shares of Crocs from an "outperform" rating to a "market perform" rating in a research report on Wednesday, October 30th. KeyCorp lowered their price objective on shares of Crocs from $155.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Guggenheim reduced their target price on shares of Crocs from $182.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Finally, UBS Group decreased their price objective on Crocs from $146.00 to $122.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Crocs has an average rating of "Moderate Buy" and an average target price of $151.14.

Crocs Price Performance

Shares of CROX traded up $1.23 on Thursday, reaching $100.19. The stock had a trading volume of 875,988 shares, compared to its average volume of 1,343,419. Crocs, Inc. has a twelve month low of $85.71 and a twelve month high of $165.32. The firm has a market capitalization of $5.84 billion, a PE ratio of 7.18, a PEG ratio of 1.03 and a beta of 2.01. The firm has a 50-day moving average of $129.17 and a 200 day moving average of $137.07. 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 posted its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating 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 company 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 company earned $3.25 earnings per share. Crocs's revenue was up 1.6% compared to the same quarter last year. Sell-side analysts expect 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.