Qsemble Capital Management LP Buys 5,339 Shares of Crocs, Inc. (NASDAQ:CROX)

Qsemble Capital Management LP lifted its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 309.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,064 shares of the textile maker's stock after purchasing an additional 5,339 shares during the quarter. Qsemble Capital Management LP's holdings in Crocs were worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Management Professionals Inc. increased its holdings in Crocs by 11,200.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker's stock valued at $33,000 after buying an additional 224 shares during the period. GHP Investment Advisors Inc. boosted its position in shares of 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 acquiring an additional 180 shares in the last quarter. UMB Bank n.a. increased its stake in Crocs by 64.9% in the third 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 during the period. V Square Quantitative Management LLC lifted its stake in Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker's stock worth $45,000 after purchasing an additional 142 shares during the period. Finally, Avior Wealth Management LLC boosted its holdings in Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker's stock valued at $58,000 after purchasing an additional 208 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Insider Activity

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

Crocs Trading Up 2.2 %

NASDAQ:CROX traded up $2.32 on Wednesday, hitting $106.38. 221,799 shares of the stock were exchanged, compared to its average volume of 1,347,977. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. Crocs, Inc. has a 52 week low of $85.71 and a 52 week high of $165.32. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 7.55, a P/E/G ratio of 1.10 and a beta of 2.01. The company's 50-day moving average price is $124.58 and its 200 day moving average price is $135.52.

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 for the quarter, topping analysts' consensus estimates of $3.10 by $0.50. Crocs had a net margin of 20.50% and a return on equity of 49.70%. 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. Crocs's revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Crocs, Inc. will post 12.93 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CROX shares. Loop Capital downgraded Crocs from a "buy" rating to a "hold" rating and cut their target price for the stock from $150.00 to $110.00 in a research report on Thursday, November 7th. Barclays reduced 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. UBS Group dropped their target price on shares of Crocs from $146.00 to $122.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Piper Sandler restated an "overweight" rating and issued a $170.00 price target on shares of Crocs in a research report on Friday, August 23rd. Finally, Monness Crespi & Hardt dropped their price objective on shares of Crocs from $170.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Crocs currently has an average 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.