National Bank of Canada FI Sells 180,225 Shares of Crocs, Inc. (NASDAQ:CROX)

National Bank of Canada FI lowered its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 98.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,470 shares of the textile maker's stock after selling 180,225 shares during the quarter. National Bank of Canada FI's holdings in Crocs were worth $358,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CROX. 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 worth $33,000 after purchasing an additional 180 shares during the last quarter. Financial Management Professionals Inc. grew its holdings in Crocs by 11,200.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker's stock worth $33,000 after acquiring an additional 224 shares during the last quarter. UMB Bank n.a. increased its position in Crocs by 64.9% in the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker's stock valued at $44,000 after acquiring an additional 120 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of Crocs by 83.0% in the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker's stock worth $45,000 after acquiring an additional 142 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position in shares of Crocs by 109.5% during 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 in the last quarter. 93.44% of the stock is owned by institutional investors.

Crocs Trading Down 2.5 %

Crocs stock traded down $2.76 during mid-day trading on Monday, hitting $108.96. 1,498,256 shares of the company's stock were exchanged, compared to its average volume of 1,348,994. The company's 50 day simple moving average is $115.01 and its 200-day simple moving average is $131.68. 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 firm has a market capitalization of $6.35 billion, a P/E ratio of 7.90, a PEG ratio of 1.14 and a beta of 1.98. 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 released its quarterly 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. 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 firm posted $3.25 earnings per share. Crocs's revenue was up 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CROX shares. Williams Trading raised shares of Crocs from a "hold" rating to a "buy" rating and raised their price target for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. Guggenheim reissued a "buy" rating and issued a $155.00 target price on shares of Crocs in a research note on Friday, December 6th. Loop Capital downgraded Crocs from a "buy" rating to a "hold" rating and dropped their target price for the stock from $150.00 to $110.00 in a research report on Thursday, November 7th. StockNews.com cut Crocs from a "buy" rating to a "hold" rating in a report on Thursday. Finally, Raymond James cut Crocs from an "outperform" rating to a "market perform" rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $148.80.

Insider Buying and Selling at Crocs

In other news, Director John B. Replogle bought 2,240 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average price of $112.60 per share, with a total value of $252,224.00. Following the transaction, the director now owns 9,304 shares in the company, valued at $1,047,630.40. This represents a 31.71 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Susan L. Healy purchased 1,000 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average cost of $99.70 per share, with a total value of $99,700.00. Following the completion of the purchase, the chief financial officer now directly owns 22,652 shares in the company, valued at approximately $2,258,404.40. This represents a 4.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.72% of the company's stock.

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.