Crocs, Inc. (NASDAQ:CROX) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 32.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,509 shares of the textile maker's stock after selling 5,126 shares during the period. Intech Investment Management LLC's holdings in Crocs were worth $1,522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pacer Advisors Inc. raised its holdings in Crocs by 15.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,091,097 shares of the textile maker's stock valued at $159,235,000 after buying an additional 142,944 shares during the period. Thrivent Financial for Lutherans increased its stake in Crocs by 1.3% during the second quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker's stock worth $131,634,000 after purchasing an additional 11,986 shares during the period. Dimensional Fund Advisors LP increased its stake in Crocs by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker's stock worth $115,322,000 after purchasing an additional 89,610 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its stake in Crocs by 6.7% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 521,726 shares of the textile maker's stock worth $76,141,000 after purchasing an additional 32,984 shares during the period. Finally, American Century Companies Inc. increased its stake in Crocs by 7.3% during the second quarter. American Century Companies Inc. now owns 325,516 shares of the textile maker's stock worth $47,506,000 after purchasing an additional 22,069 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Stock Down 4.1 %

CROX traded down $4.47 on Tuesday, reaching $104.06. The company's stock had a trading volume of 1,295,896 shares, compared to its average volume of 1,353,212. The stock has a 50 day moving average of $124.58 and a two-hundred day moving average of $135.52. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 7.55, a P/E/G ratio of 1.07 and a beta of 2.01. Crocs, Inc. has a fifty-two week low of $85.71 and a fifty-two week high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.25 earnings per share. As a group, analysts forecast that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

Insider Activity

In other news, CFO Susan L. Healy acquired 1,000 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was acquired at an average cost of $99.70 per share, with a total value of $99,700.00. Following the completion of the acquisition, the chief financial officer now owns 22,652 shares of the company's stock, valued at $2,258,404.40. The trade was a 4.62 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John B. Replogle acquired 2,240 shares of the firm's stock in a transaction dated Wednesday, October 30th. The stock was 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 of the company's stock, valued at approximately $1,047,630.40. This trade represents a 31.71 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.72% of the company's stock.

Analyst Upgrades and Downgrades

CROX has been the topic of a number of recent research reports. Piper Sandler reiterated an "overweight" rating and set a $170.00 price target on shares of Crocs in a research note on Friday, August 23rd. Williams Trading upgraded shares of Crocs from a "hold" rating to a "buy" rating and boosted their price target for the stock from $135.00 to $163.00 in a research note on Thursday, August 22nd. Robert W. Baird cut their price target on shares of Crocs from $190.00 to $180.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. Loop Capital lowered shares of Crocs from a "buy" rating to a "hold" rating and cut their price target for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. Finally, Barclays cut their target price on shares of Crocs from $164.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $148.80.

Crocs Company 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.