Virtu Financial LLC Sells 20,916 Shares of Crocs, Inc. (NASDAQ:CROX)

Virtu Financial LLC lessened its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 90.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,096 shares of the textile maker's stock after selling 20,916 shares during the period. Virtu Financial LLC's holdings in Crocs were worth $303,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. TD Private Client Wealth LLC increased its position in Crocs by 21.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,245 shares of the textile maker's stock valued at $180,000 after purchasing an additional 216 shares during the period. Arete Wealth Advisors LLC boosted its stake in shares of Crocs by 1.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 20,059 shares of the textile maker's stock valued at $2,905,000 after purchasing an additional 250 shares in the last quarter. Empire Financial Management Company LLC increased its position in shares of Crocs by 5.3% during the third quarter. Empire Financial Management Company LLC now owns 6,580 shares of the textile maker's stock valued at $953,000 after buying an additional 332 shares during the period. Savoie Capital LLC raised its stake in Crocs by 142.9% in the third quarter. Savoie Capital LLC now owns 8,500 shares of the textile maker's stock worth $1,231,000 after buying an additional 5,000 shares in the last quarter. Finally, ABS Direct Equity Fund LLC lifted its holdings in Crocs by 66.7% in the third quarter. ABS Direct Equity Fund LLC now owns 12,500 shares of the textile maker's stock worth $1,810,000 after buying an additional 5,000 shares during the period. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insiders Place Their Bets

In other news, CFO Susan L. Healy purchased 1,000 shares of the business's stock in a transaction on Wednesday, November 13th. The stock was acquired at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the purchase, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. This trade represents 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 Crocs stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of $112.60 per share, with a total value of $252,224.00. Following the transaction, the director now directly owns 9,304 shares in the company, valued at approximately $1,047,630.40. The trade was 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 insiders.

Crocs Stock Up 2.4 %

Shares of CROX stock traded up $2.59 during mid-day trading on Tuesday, hitting $111.55. The company's stock had a trading volume of 1,353,078 shares, compared to its average volume of 1,349,011. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 1.14 and a beta of 1.98. 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 business has a 50-day moving average price of $114.52 and a 200 day moving average price of $131.37.

Crocs (NASDAQ:CROX - Get Free Report) last posted its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.05 billion. During the same quarter in the prior year, the business earned $3.25 EPS. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts predict that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CROX has been the subject of several research reports. Williams Trading raised Crocs from a "hold" rating to a "buy" rating and increased their target price for the stock from $135.00 to $163.00 in a research report on Thursday, August 22nd. StockNews.com downgraded Crocs from a "buy" rating to a "hold" rating in a report on Thursday, December 12th. KeyCorp dropped their target price on shares of Crocs from $155.00 to $150.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Needham & Company LLC assumed coverage on shares of Crocs in a research note on Friday, November 22nd. They issued a "buy" rating and a $116.00 price target for the company. Finally, Robert W. Baird dropped their price objective on shares of Crocs from $190.00 to $180.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. Five 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 currently has an average rating of "Moderate Buy" and a consensus target price of $148.80.

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.