First Trust Direct Indexing L.P. Trims Stock Position in Crocs, Inc. (NASDAQ:CROX)

First Trust Direct Indexing L.P. cut its position in shares of Crocs, Inc. (NASDAQ:CROX) by 3.5% during the third quarter, Holdings Channel.com reports. The firm owned 2,702 shares of the textile maker’s stock after selling 99 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Crocs were worth $391,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Integrated Advisors Network LLC raised its stake in Crocs by 6.6% during the third quarter. Integrated Advisors Network LLC now owns 3,569 shares of the textile maker’s stock worth $517,000 after purchasing an additional 221 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Crocs by 3.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,433 shares of the textile maker’s stock valued at $1,365,000 after acquiring an additional 330 shares during the period. Financial Management Professionals Inc. raised its stake in shares of Crocs by 11,200.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 224 shares during the period. Clear Harbor Asset Management LLC raised its stake in shares of Crocs by 4.0% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 3,014 shares of the textile maker’s stock valued at $436,000 after acquiring an additional 115 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Crocs by 477.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 11,246 shares of the textile maker’s stock valued at $1,614,000 after acquiring an additional 9,300 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CROX. Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and boosted their price target for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. Piper Sandler reissued an “overweight” rating and issued a $170.00 price target on shares of Crocs in a research note on Friday, August 23rd. Barclays reduced their price target on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Loop Capital reduced their price target on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, KeyCorp dropped their price objective on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.00.

Crocs Trading Down 1.5 %

NASDAQ CROX opened at $106.21 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. Crocs, Inc. has a 52 week low of $74.00 and a 52 week high of $165.32. The stock has a market capitalization of $6.19 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 1.09 and a beta of 2.01. The firm has a 50 day moving average of $135.60 and a two-hundred day moving average of $138.24.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping 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 company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the business posted $3.25 EPS. The firm’s revenue was up 1.6% on a year-over-year basis. As a group, research analysts expect that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director John B. Replogle purchased 2,240 shares of the stock in a transaction on Wednesday, October 30th. The stock was bought at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the acquisition, the director now directly owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director John B. Replogle acquired 2,240 shares of Crocs stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the transaction, the director now owns 9,304 shares of the company’s stock, valued at $1,047,630.40. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Douglas J. Treff sold 10,594 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the sale, the director now owns 81,254 shares of the company’s stock, valued at $10,756,404.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by company insiders.

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.