Quest Partners LLC Makes New $905,000 Investment in Crocs, Inc. (NASDAQ:CROX)

Quest Partners LLC bought a new stake in shares of 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 fund bought 6,253 shares of the textile maker's stock, valued at approximately $905,000.

Other institutional investors have also recently made changes to their positions in the company. Davis Investment Partners LLC lifted its holdings in Crocs by 0.8% during the 3rd quarter. Davis Investment Partners LLC now owns 9,673 shares of the textile maker's stock worth $1,362,000 after purchasing an additional 77 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Crocs by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker's stock valued at $152,000 after acquiring an additional 85 shares during the period. Central Pacific Bank Trust Division grew its stake in Crocs by 8.0% during the third quarter. Central Pacific Bank Trust Division now owns 1,350 shares of the textile maker's stock valued at $195,000 after acquiring an additional 100 shares in the last quarter. 180 Wealth Advisors LLC increased its holdings in Crocs by 1.6% during the 2nd quarter. 180 Wealth Advisors LLC now owns 7,248 shares of the textile maker's stock worth $1,036,000 after acquiring an additional 111 shares during the period. Finally, Covestor Ltd lifted its stake in Crocs by 10.3% in the 3rd quarter. Covestor Ltd now owns 1,225 shares of the textile maker's stock worth $178,000 after purchasing an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Analyst Ratings Changes

CROX has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Crocs from $146.00 to $122.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Piper Sandler reiterated an "overweight" rating and set a $170.00 price target on shares of Crocs in a research report on Friday, August 23rd. Raymond James cut shares of Crocs from an "outperform" rating to a "market perform" rating in a research report on Wednesday, October 30th. KeyCorp dropped their target price on shares of Crocs from $155.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Finally, Barclays decreased their price target on shares of Crocs from $164.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Crocs presently has an average rating of "Moderate Buy" and an average price target of $151.14.

Crocs Trading Up 0.6 %

Crocs stock opened at $98.59 on Thursday. Crocs, Inc. has a 12 month low of $85.71 and a 12 month high of $165.32. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The business's fifty day simple moving average is $126.09 and its two-hundred day simple moving average is $136.12. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of 0.99 and a beta of 2.01.

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

Insiders Place Their Bets

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

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.