Victory Capital Management Inc. Acquires 5,995 Shares of Crocs, Inc. (NASDAQ:CROX)

Victory Capital Management Inc. increased its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 40.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,907 shares of the textile maker's stock after acquiring an additional 5,995 shares during the period. Victory Capital Management Inc.'s holdings in Crocs were worth $3,028,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CROX. Crossmark Global Holdings Inc. increased its position in Crocs by 55.8% in the third quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker's stock worth $5,820,000 after purchasing an additional 14,387 shares during the period. Catalyst Capital Advisors LLC boosted its position in Crocs by 2,775.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker's stock worth $1,145,000 after acquiring an additional 7,633 shares during the last quarter. Aigen Investment Management LP acquired a new stake in Crocs in the 3rd quarter valued at $2,024,000. International Assets Investment Management LLC acquired a new position in Crocs during the third quarter valued at approximately $2,076,000. Finally, Boston Partners bought a new position in shares of Crocs in the first quarter valued at $10,771,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Crocs

In related news, Director John B. Replogle bought 2,240 shares of the stock in a transaction dated Wednesday, October 30th. The stock was bought at an average price of $112.60 per share, with a total value of $252,224.00. Following the purchase, the director now owns 9,304 shares in the company, valued at approximately $1,047,630.40. The trade was a 31.71 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Susan L. Healy bought 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, for a total transaction of $99,700.00. Following the acquisition, the chief financial officer now directly owns 22,652 shares of the company's stock, valued at approximately $2,258,404.40. The trade was a 4.62 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CROX. KeyCorp dropped their price target on Crocs from $155.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Williams Trading upgraded shares of Crocs from a "hold" rating to a "buy" rating and upped their price objective for the stock from $135.00 to $163.00 in a research report on Thursday, August 22nd. Wedbush reaffirmed an "outperform" rating and set a $170.00 target price on shares of Crocs in a research report on Monday, July 29th. Barclays decreased their target price on Crocs from $164.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, October 29th. Finally, Guggenheim cut their price target on Crocs from $182.00 to $155.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $148.80.

Crocs Price Performance

Crocs stock traded up $4.27 during midday trading on Friday, reaching $106.08. 1,921,879 shares of the stock were exchanged, compared to its average volume of 2,134,123. Crocs, Inc. has a 52 week low of $85.71 and a 52 week high of $165.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. The firm has a market cap of $6.18 billion, a PE ratio of 7.69, a PEG ratio of 1.03 and a beta of 2.01. The company's fifty day moving average is $125.11 and its 200-day moving average is $135.74.

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 analysts' consensus estimates 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 return on equity of 49.70% and a net margin of 20.50%. The firm's revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.25 earnings per share. On average, sell-side analysts forecast that Crocs, Inc. will post 12.93 EPS for the current year.

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.