Wellington Management Group LLP Decreases Stake in Crocs, Inc. (NASDAQ:CROX)

Wellington Management Group LLP lessened its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 22.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 939,590 shares of the textile maker's stock after selling 271,931 shares during the quarter. Wellington Management Group LLP owned about 1.61% of Crocs worth $136,062,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Davis Investment Partners LLC increased its stake in shares of Crocs by 0.8% in the 3rd quarter. Davis Investment Partners LLC now owns 9,673 shares of the textile maker's stock valued at $1,362,000 after purchasing an additional 77 shares during the last quarter. Nisa Investment Advisors LLC grew its position in 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 last quarter. Central Pacific Bank Trust Division raised 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 worth $195,000 after acquiring an additional 100 shares in the last quarter. 180 Wealth Advisors LLC lifted its holdings in shares of Crocs by 1.6% in the second 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 last quarter. Finally, Covestor Ltd boosted its stake in shares of Crocs by 10.3% in the 3rd quarter. Covestor Ltd now owns 1,225 shares of the textile maker's stock valued at $178,000 after purchasing an additional 114 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Stock Up 0.8 %

NASDAQ:CROX traded up $0.85 during trading hours on Tuesday, reaching $111.44. The company had a trading volume of 1,172,393 shares, compared to its average volume of 1,350,212. Crocs, Inc. has a twelve month low of $85.71 and a twelve month high of $165.32. 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 cap of $6.49 billion, a price-to-earnings ratio of 8.05, a P/E/G ratio of 1.11 and a beta of 1.98. The business's 50-day simple moving average is $117.81 and its two-hundred day simple moving average is $133.11.

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

Insider Activity at Crocs

In other Crocs news, CFO Susan L. Healy purchased 1,000 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The shares were acquired 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 owns 22,652 shares in the company, valued at $2,258,404.40. The trade was a 4.62 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John B. Replogle acquired 2,240 shares of the firm'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 completion of the acquisition, the director now directly owns 9,304 shares in the company, valued at approximately $1,047,630.40. This 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.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CROX. Guggenheim reissued a "buy" rating and issued a $155.00 price objective on shares of Crocs in a research note on Friday. Monness Crespi & Hardt dropped their price target on Crocs from $170.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. StockNews.com upgraded Crocs from a "hold" rating to a "buy" rating in a research report on Wednesday, December 4th. Robert W. Baird dropped their target price on Crocs from $190.00 to $180.00 and set an "outperform" rating for the company in a research report on Wednesday, October 30th. Finally, KeyCorp cut 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. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.