Hancock Whitney Corp Acquires 5,636 Shares of Crocs, Inc. (NASDAQ:CROX)

Hancock Whitney Corp boosted its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 67.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 13,936 shares of the textile maker's stock after purchasing an additional 5,636 shares during the quarter. Hancock Whitney Corp's holdings in Crocs were worth $2,018,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GHP Investment Advisors Inc. grew its holdings in shares of Crocs by 375.0% during the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker's stock valued at $33,000 after buying an additional 180 shares during the last quarter. Financial Management Professionals Inc. lifted its position in Crocs by 11,200.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker's stock valued at $33,000 after acquiring an additional 224 shares in the last quarter. UMB Bank n.a. boosted its stake in Crocs by 64.9% during 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 increased its holdings 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 worth $45,000 after purchasing an additional 142 shares in the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of Crocs by 109.5% in the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker's stock worth $58,000 after purchasing an additional 208 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Crocs Stock Performance

Shares of NASDAQ CROX traded down $4.47 during trading on Tuesday, hitting $104.06. The company had a trading volume of 1,295,896 shares, compared to its average volume of 1,353,212. Crocs, Inc. has a 12 month low of $85.71 and a 12 month high of $165.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. The firm has a market capitalization of $6.06 billion, a P/E ratio of 7.55, a price-to-earnings-growth ratio of 1.07 and a beta of 2.01. The stock has a 50 day simple moving average of $124.58 and a 200 day simple moving average of $135.52.

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, topping analysts' consensus estimates of $3.10 by $0.50. The company 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%. The firm's revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $3.25 EPS. As a group, analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current year.

Insider Activity at Crocs

In related news, CFO Susan L. Healy purchased 1,000 shares of Crocs stock in a transaction on Wednesday, November 13th. The shares were bought at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the acquisition, the chief financial officer now owns 22,652 shares in the company, valued at approximately $2,258,404.40. The trade was a 4.62 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John B. Replogle purchased 2,240 shares of the firm's stock in a transaction on Wednesday, October 30th. The stock was bought at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the purchase, the director now owns 9,304 shares in the company, valued at approximately $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. 2.72% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. StockNews.com cut Crocs from a "buy" rating to a "hold" rating in a research report on Wednesday, October 30th. UBS Group dropped their price target on shares of Crocs from $146.00 to $122.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Needham & Company LLC initiated coverage on shares of Crocs in a report on Friday. They set a "buy" rating and a $116.00 price objective for the company. Williams Trading upgraded shares of Crocs from a "hold" rating to a "buy" rating and raised their target price for the stock from $135.00 to $163.00 in a report on Thursday, August 22nd. Finally, Loop Capital downgraded shares of Crocs from a "buy" rating to a "hold" rating and cut their target price for the stock from $150.00 to $110.00 in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $148.80.

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.