National Bank of Canada FI Has $358,000 Stock Position in Crocs, Inc. (NASDAQ:CROX)

National Bank of Canada FI lowered its stake in Crocs, Inc. (NASDAQ:CROX) by 98.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,470 shares of the textile maker’s stock after selling 180,225 shares during the quarter. National Bank of Canada FI’s holdings in Crocs were worth $358,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. raised its position in Crocs by 55.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock valued at $5,820,000 after buying an additional 14,387 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Crocs by 585.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock worth $3,526,000 after buying an additional 20,797 shares during the last quarter. Catalyst Capital Advisors LLC boosted its position in Crocs by 2,775.6% during the third quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock valued at $1,145,000 after purchasing an additional 7,633 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of Crocs during the 3rd quarter worth approximately $2,024,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Crocs in the 3rd quarter valued at approximately $2,076,000. 93.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Crocs

In related news, Director John B. Replogle purchased 2,240 shares of the stock in a transaction dated Wednesday, October 30th. The stock was 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 owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. This represents a 31.71 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Susan L. Healy acquired 1,000 shares of the business’s stock in a transaction that occurred on 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 acquisition, the chief financial officer now owns 22,652 shares in the company, valued at $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. Company insiders own 2.72% of the company’s stock.

Crocs Stock Down 1.1 %

Shares of NASDAQ CROX opened at $111.72 on Monday. Crocs, Inc. has a 52 week low of $85.71 and a 52 week high of $165.32. The stock’s fifty day moving average is $115.56 and its 200 day moving average is $132.01. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. The stock has a market capitalization of $6.51 billion, a P/E ratio of 8.10, a PEG ratio of 1.14 and a beta of 1.98.

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

Wall Street Analysts Forecast Growth

CROX has been the subject of a number of analyst reports. Raymond James downgraded shares of Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a report on Thursday. Guggenheim reaffirmed a “buy” rating and set a $155.00 price objective on shares of Crocs in a research report on Friday, December 6th. KeyCorp dropped their price objective 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, Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $163.00 in a report on Thursday, August 22nd. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.80.

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.