Raymond James & Associates Sells 25,734 Shares of Crocs, Inc. (NASDAQ:CROX)

Raymond James & Associates cut its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 27.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,875 shares of the textile maker's stock after selling 25,734 shares during the period. Raymond James & Associates owned about 0.11% of Crocs worth $9,684,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GHP Investment Advisors Inc. increased 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 valued at $33,000 after purchasing an additional 180 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Crocs by 64.9% during the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker's stock worth $44,000 after purchasing an additional 120 shares during the period. V Square Quantitative Management LLC grew its position in Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker's stock valued at $45,000 after buying an additional 142 shares during the period. Blue Trust Inc. raised its holdings in Crocs by 19.3% in the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker's stock worth $144,000 after purchasing an additional 162 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in shares of Crocs by 8.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker's stock valued at $152,000 after buying an additional 85 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Trading Down 2.3 %

CROX traded down $2.58 during mid-day trading on Wednesday, reaching $109.00. The stock had a trading volume of 3,532,393 shares, compared to its average volume of 1,326,217. The stock has a market capitalization of $6.47 billion, a P/E ratio of 8.25, a P/E/G ratio of 1.35 and a beta of 1.99. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.50. The firm's fifty day simple moving average is $137.69 and its two-hundred day simple moving average is $138.65. Crocs, Inc. has a 52 week low of $74.00 and a 52 week high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating analysts' consensus estimates of $3.13 by $0.47. The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.05 billion. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The firm's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.25 EPS. On average, equities analysts predict that Crocs, Inc. will post 12.88 EPS for the current year.

Insider Transactions at Crocs

In related news, Director Douglas J. Treff sold 10,594 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the completion of the transaction, the director now directly owns 81,254 shares of the company's stock, valued at approximately $10,756,404.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Douglas J. Treff sold 10,594 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the transaction, the director now owns 81,254 shares in the company, valued at approximately $10,756,404.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John B. Replogle bought 1,996 shares of the stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the purchase, the director now owns 7,064 shares of the company's stock, valued at $875,653.44. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. KeyCorp lowered their price target on Crocs from $155.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday. StockNews.com raised shares of Crocs from a "hold" rating to a "buy" rating in a research report on Tuesday, October 15th. Wedbush reiterated an "outperform" rating and issued a $170.00 price objective on shares of Crocs in a report on Monday, July 29th. Loop Capital cut their price target on Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Monness Crespi & Hardt lowered their price objective on shares of Crocs from $170.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Crocs presently has an average rating of "Moderate Buy" and a consensus price target of $154.00.

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.