XTX Topco Ltd Cuts Stake in Crocs, Inc. (NASDAQ:CROX)

XTX Topco Ltd reduced its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 64.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,758 shares of the textile maker's stock after selling 4,987 shares during the quarter. XTX Topco Ltd's holdings in Crocs were worth $399,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Financial Management Professionals Inc. lifted its position in shares of Crocs by 11,200.0% during 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 in the last quarter. GHP Investment Advisors Inc. increased its holdings in Crocs by 375.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker's stock worth $33,000 after acquiring an additional 180 shares in the last quarter. UMB Bank n.a. raised its stake in Crocs by 64.9% during the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker's stock worth $44,000 after acquiring an additional 120 shares during the period. V Square Quantitative Management LLC lifted its holdings in Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker's stock valued at $45,000 after purchasing an additional 142 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of Crocs by 109.5% in the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker's stock worth $58,000 after purchasing an additional 208 shares during the period. Hedge funds and other institutional investors own 93.44% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Williams Trading upgraded shares of Crocs from a "hold" rating to a "buy" rating and raised their price objective for the company from $135.00 to $163.00 in a research report on Thursday, August 22nd. Robert W. Baird lowered their price objective on Crocs from $190.00 to $180.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 30th. Raymond James lowered Crocs from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 30th. UBS Group decreased their target price on Crocs from $146.00 to $122.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. Finally, Loop Capital downgraded Crocs from a "buy" rating to a "hold" rating and dropped their price target for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $148.80.

Insiders Place Their Bets

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

Crocs Trading Down 2.5 %

Shares of NASDAQ:CROX traded down $2.76 during trading on Monday, hitting $108.96. The company had a trading volume of 1,498,256 shares, compared to its average volume of 1,348,994. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of 1.14 and a beta of 1.98. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. The company has a fifty day simple moving average of $115.01 and a two-hundred day simple moving average of $131.68. Crocs, Inc. has a one year low of $85.71 and a one year high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results 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 during 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%. Crocs's revenue was up 1.6% on a year-over-year basis. During the same period last year, the company earned $3.25 earnings per share. As a group, equities analysts forecast that Crocs, Inc. will post 12.93 earnings per share for the current year.

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.