International Assets Investment Management LLC Invests $2.08 Million in Crocs, Inc. (NASDAQ:CROX)

International Assets Investment Management LLC bought a new stake in Crocs, Inc. (NASDAQ:CROX - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 14,336 shares of the textile maker's stock, valued at approximately $2,076,000.

A number of other institutional investors have also recently added to or reduced their stakes in CROX. State of Alaska Department of Revenue raised its stake in shares of Crocs by 39.1% during the first quarter. State of Alaska Department of Revenue now owns 9,103 shares of the textile maker's stock valued at $1,308,000 after purchasing an additional 2,558 shares during the period. Private Advisor Group LLC lifted its holdings in Crocs by 10.0% in the 1st quarter. Private Advisor Group LLC now owns 18,918 shares of the textile maker's stock worth $2,720,000 after buying an additional 1,717 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Crocs in the 1st quarter valued at about $3,859,000. Janney Montgomery Scott LLC grew its stake in shares of Crocs by 18.5% during the first quarter. Janney Montgomery Scott LLC now owns 17,015 shares of the textile maker's stock valued at $2,447,000 after acquiring an additional 2,658 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Crocs by 17.0% during the first quarter. Nordea Investment Management AB now owns 51,189 shares of the textile maker's stock worth $7,292,000 after acquiring an additional 7,448 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CROX has been the subject of a number of recent analyst reports. Guggenheim lowered their price objective on Crocs from $182.00 to $155.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. StockNews.com lowered shares of Crocs from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. UBS Group decreased their price objective on shares of Crocs from $146.00 to $122.00 and set a "neutral" rating for the company in a report on Wednesday, October 30th. KeyCorp reduced their price target on shares of Crocs from $155.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Finally, Piper Sandler reissued an "overweight" rating and issued a $170.00 price objective on shares of Crocs in a report on Friday, August 23rd. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $154.00.

Crocs Stock Performance

Crocs stock traded up $0.08 during midday trading on Monday, reaching $106.29. 1,249,526 shares of the stock traded hands, compared to its average volume of 1,333,389. The firm has a fifty day moving average price of $135.60 and a two-hundred day moving average price of $138.37. Crocs, Inc. has a fifty-two week low of $77.16 and a fifty-two week high of $165.32. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 1.09 and a beta of 2.01. The company has a current ratio of 1.43, a quick ratio of 0.95 and a debt-to-equity ratio of 0.82.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm posted $3.25 earnings per share. The business's revenue was up 1.6% on a year-over-year basis. On average, equities research analysts forecast that Crocs, Inc. will post 12.93 earnings per share for the current year.

Insider Activity

In related news, Director Douglas J. Treff sold 10,594 shares of the company's stock in a transaction dated 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 completion of the sale, the director now owns 81,254 shares of the company's stock, valued at $10,756,404.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Douglas J. Treff sold 10,594 shares of the business's 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 sale, the director now owns 81,254 shares of the company's stock, valued at $10,756,404.52. The trade was 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 available at the SEC website. Also, Director John B. Replogle purchased 2,240 shares of the firm's stock in a transaction on Wednesday, October 30th. The shares were purchased at an average cost of $112.60 per share, with a total value of $252,224.00. Following the completion of the purchase, the director now owns 9,304 shares in the company, valued at $1,047,630.40. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.72% of the company's stock.

About Crocs

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.