Entropy Technologies LP purchased a new position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,123 shares of the textile maker's stock, valued at approximately $887,000.
A number of other large investors also recently modified their holdings of the company. GHP Investment Advisors Inc. increased its position 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 purchasing an additional 180 shares in the last quarter. Financial Management Professionals Inc. lifted its stake 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. boosted its position 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 worth $44,000 after buying an additional 120 shares during the period. V Square Quantitative Management LLC boosted its holdings in 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 acquiring 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 valued at $144,000 after purchasing an additional 162 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.
Crocs Stock Performance
Shares of CROX traded up $1.23 during trading hours on Thursday, reaching $100.19. 875,988 shares of the company's stock traded hands, 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 business's fifty day simple moving average is $129.17 and its two-hundred day simple moving average is $137.07. 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 firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 7.18, a P/E/G ratio of 1.03 and a beta of 2.01.
Crocs (NASDAQ:CROX - Get Free Report) last released its earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating the consensus estimate of $3.10 by $0.50. The firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. Crocs's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $3.25 EPS. Analysts predict that Crocs, Inc. will post 12.93 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages have recently commented on CROX. Loop Capital cut shares of Crocs from a "buy" rating to a "hold" rating and reduced their price target for the stock from $150.00 to $110.00 in a research report on Thursday, November 7th. KeyCorp cut their target price 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. StockNews.com lowered Crocs from a "buy" rating to a "hold" rating in a report on Wednesday, October 30th. Robert W. Baird dropped their price target on Crocs from $190.00 to $180.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 30th. Finally, Barclays reduced their price objective on Crocs from $164.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Crocs has an average rating of "Moderate Buy" and a consensus target price of $151.14.
Get Our Latest Report on CROX
Insider Buying and Selling
In other news, Director John B. Replogle acquired 2,240 shares of the business's stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the acquisition, the director now directly owns 9,304 shares in the company, valued at $1,047,630.40. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 2.72% of the stock is owned by corporate insiders.
Crocs Company Profile
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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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