Crocs, Inc. (NASDAQ:CROX) Shares Sold by Centiva Capital LP

Centiva Capital LP trimmed its position in Crocs, Inc. (NASDAQ:CROX) by 12.5% in the third quarter, HoldingsChannel.com reports. The firm owned 1,840 shares of the textile maker’s stock after selling 263 shares during the quarter. Centiva Capital LP’s holdings in Crocs were worth $266,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its holdings in shares of 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 buying an additional 14,387 shares during the period. Meeder Asset Management Inc. grew its stake in shares of Crocs by 585.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock valued at $3,526,000 after buying an additional 20,797 shares in the last quarter. Catalyst Capital Advisors LLC increased its stake in shares of 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 purchasing an additional 7,633 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Crocs during the 3rd quarter worth about $2,024,000. Finally, International Assets Investment Management LLC bought a new stake in Crocs during the third quarter worth approximately $2,076,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Stock Up 1.7 %

NASDAQ CROX opened at $113.37 on Thursday. 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 stock has a market capitalization of $6.61 billion, a P/E ratio of 8.22, a price-to-earnings-growth ratio of 1.11 and a beta of 1.98. The stock has a fifty day moving average of $116.66 and a 200-day moving average of $132.71.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $3.25 earnings per share. On average, equities research analysts forecast that Crocs, Inc. will post 12.93 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on CROX shares. Guggenheim reiterated a “buy” rating and issued a $155.00 price objective on shares of Crocs in a research note on Friday, December 6th. Loop Capital cut Crocs from a “buy” rating to a “hold” rating and reduced their target price for the stock from $150.00 to $110.00 in a research report on Thursday, November 7th. Piper Sandler reissued an “overweight” rating and issued a $170.00 price target on shares of Crocs in a report on Friday, August 23rd. KeyCorp decreased their target price on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, UBS Group dropped their price objective on Crocs from $146.00 to $122.00 and set a “neutral” 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 issued a buy rating to the company’s stock. According to MarketBeat.com, Crocs has a consensus rating of “Moderate Buy” and a consensus target price of $148.80.

Insiders Place Their Bets

In other news, Director John B. Replogle purchased 2,240 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were bought at an average cost of $112.60 per share, for a total transaction 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 trade represents a 31.71 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Susan L. Healy bought 1,000 shares of the business’s stock in a transaction on 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 purchase, the chief financial officer now directly owns 22,652 shares in the company, valued at approximately $2,258,404.40. This represents a 4.62 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

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.