Crocs, Inc. (NASDAQ:CROX) Stock Position Raised by Cerity Partners LLC

Cerity Partners LLC lifted its holdings in Crocs, Inc. (NASDAQ:CROX) by 36.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,252 shares of the textile maker’s stock after acquiring an additional 2,745 shares during the quarter. Cerity Partners LLC’s holdings in Crocs were worth $1,485,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Crocs by 50.0% during the second quarter. GAMMA Investing LLC now owns 1,068 shares of the textile maker’s stock worth $156,000 after acquiring an additional 356 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Crocs during the second quarter worth $386,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Crocs by 47.4% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 14,000 shares of the textile maker’s stock worth $2,043,000 after acquiring an additional 4,500 shares in the last quarter. 180 Wealth Advisors LLC raised its holdings in shares of Crocs by 1.6% during 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 in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Crocs by 19.3% during the second quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock worth $144,000 after acquiring an additional 162 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Ratings Changes

CROX has been the topic of several recent research reports. Piper Sandler restated an “overweight” rating and set a $170.00 target price on shares of Crocs in a report on Friday, August 23rd. Loop Capital lowered Crocs from a “buy” rating to a “hold” rating and cut their target price for the company from $150.00 to $110.00 in a report on Thursday, November 7th. Barclays cut their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Finally, Needham & Company LLC initiated coverage on Crocs in a report on Friday, November 22nd. They set a “buy” rating and a $116.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.80.

Insiders Place Their Bets

In other Crocs news, Director John B. Replogle acquired 2,240 shares of Crocs stock in a transaction on Wednesday, October 30th. The shares were purchased at an average cost of $112.60 per share, with a total value of $252,224.00. Following the completion of the purchase, the director now owns 9,304 shares in the company, valued at $1,047,630.40. The trade was a 31.71 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Susan L. Healy purchased 1,000 shares of Crocs stock in a transaction dated Wednesday, November 13th. The shares were purchased at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the transaction, the chief financial officer now owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. This represents a 4.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.72% of the company’s stock.

Crocs Price Performance

Shares of NASDAQ:CROX opened at $111.25 on Wednesday. The firm has a market capitalization of $6.48 billion, a PE ratio of 8.07, a PEG ratio of 1.11 and a beta of 1.98. Crocs, Inc. has a 1-year low of $85.71 and a 1-year high of $165.32. The business’s 50 day moving average is $121.21 and its 200-day moving average is $134.20. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82.

Crocs (NASDAQ:CROX) last issued 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 company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the business earned $3.25 earnings per share. Sell-side analysts predict that Crocs, Inc. will post 12.93 earnings per share for the current year.

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.