Crocs, Inc. (NASDAQ:CROX) Shares Purchased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. grew its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 1,166.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,407 shares of the textile maker's stock after buying an additional 33,532 shares during the quarter. Pinnacle Associates Ltd. owned 0.06% of Crocs worth $5,272,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Crocs by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 5,572,643 shares of the textile maker's stock valued at $801,346,000 after buying an additional 76,460 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Crocs by 15.1% in the second quarter. Pacer Advisors Inc. now owns 1,091,097 shares of the textile maker's stock worth $159,235,000 after acquiring an additional 142,944 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in Crocs by 12.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker's stock valued at $115,322,000 after purchasing an additional 89,610 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its holdings in Crocs by 6.7% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 521,726 shares of the textile maker's stock valued at $76,141,000 after purchasing an additional 32,984 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Stock Down 1.5 %

Shares of CROX traded down $1.61 during mid-day trading on Friday, hitting $106.21. 1,879,177 shares of the company's stock were exchanged, compared to its average volume of 1,333,763. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.95 and a current ratio of 1.43. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 1.10 and a beta of 1.99. The stock's 50-day moving average is $137.05 and its 200-day moving average is $138.45. Crocs, Inc. has a fifty-two week low of $74.00 and a fifty-two week high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last posted 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. 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 last year, the company earned $3.25 EPS. Crocs's revenue for the quarter was up 1.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Crocs, Inc. will post 12.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CROX. Raymond James cut shares of Crocs from an "outperform" rating to a "market perform" rating in a research report on Wednesday. Williams Trading upgraded shares of Crocs from a "hold" rating to a "buy" rating and increased their price objective for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. Monness Crespi & Hardt lowered their target price on Crocs from $170.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday. StockNews.com lowered shares of Crocs from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, UBS Group lowered 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. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $154.00.

Insider Buying and Selling

In other news, Director Douglas J. Treff sold 10,594 shares of the firm's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total value of $1,402,433.72. Following the sale, the director now directly owns 81,254 shares in the company, valued at approximately $10,756,404.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Crocs news, Director Douglas J. Treff sold 10,594 shares of the firm's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the sale, the director now owns 81,254 shares of the company's stock, valued at approximately $10,756,404.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John B. Replogle purchased 2,240 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 9,304 shares in the company, valued at $1,047,630.40. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is owned by insiders.

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.