Nisa Investment Advisors LLC Sells 265 Shares of Crocs, Inc. (NASDAQ:CROX)

Nisa Investment Advisors LLC trimmed its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 25.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 776 shares of the textile maker’s stock after selling 265 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Crocs were worth $112,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CROX. Vanguard Group Inc. increased its holdings in Crocs by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 5,572,643 shares of the textile maker’s stock worth $801,346,000 after purchasing an additional 76,460 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Crocs by 15.1% in the second quarter. Pacer Advisors Inc. now owns 1,091,097 shares of the textile maker’s stock worth $159,235,000 after purchasing an additional 142,944 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Crocs by 1.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker’s stock worth $131,634,000 after acquiring an additional 11,986 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Crocs by 12.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker’s stock worth $115,322,000 after buying an additional 89,610 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its position in shares of Crocs by 6.7% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 521,726 shares of the textile maker’s stock valued at $76,141,000 after purchasing an additional 32,984 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Price Performance

Shares of CROX opened at $101.86 on Friday. The firm’s 50-day simple moving average is $132.49 and its two-hundred day simple moving average is $137.66. 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 cap of $5.94 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 1.07 and a beta of 2.01. Crocs, Inc. has a fifty-two week low of $77.16 and a fifty-two week high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results 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 the consensus estimate of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.25 EPS. Analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CROX. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Monness Crespi & Hardt decreased their price target on shares of Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Barclays lowered their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Finally, Loop Capital cut shares of Crocs from a “buy” rating to a “hold” rating and dropped their price target for the company from $150.00 to $110.00 in a research report on Thursday. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.14.

Insider Buying and Selling at Crocs

In other Crocs news, Director John B. Replogle purchased 2,240 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were acquired at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the transaction, the director now 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.72% of the company’s stock.

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.