Crocs, Inc. (NASDAQ:CROX) Stock Holdings Lifted by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lifted its holdings in Crocs, Inc. (NASDAQ:CROX) by 104.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,583 shares of the textile maker’s stock after buying an additional 808 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Crocs were worth $229,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Pacer Advisors Inc. lifted its position in shares of Crocs by 15.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,091,097 shares of the textile maker’s stock worth $159,235,000 after buying an additional 142,944 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Crocs by 1.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker’s stock valued at $131,634,000 after purchasing an additional 11,986 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Crocs by 12.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker’s stock valued at $115,322,000 after purchasing an additional 89,610 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its position in Crocs by 6.7% in 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. Finally, American Century Companies Inc. lifted its position in Crocs by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 325,516 shares of the textile maker’s stock valued at $47,506,000 after purchasing an additional 22,069 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Crocs Stock Performance

Shares of CROX opened at $106.08 on Friday. Crocs, Inc. has a one year low of $85.71 and a one year high of $165.32. The company has a 50-day moving average of $125.11 and a two-hundred day moving average of $135.74. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 0.99 and a beta of 2.01. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90.

Crocs (NASDAQ:CROX) last announced its 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 period last year, the company posted $3.25 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities research analysts expect that Crocs, Inc. will post 12.93 earnings per share for the current year.

Analysts Set New Price Targets

CROX has been the topic of several recent research reports. Wedbush reiterated an “outperform” rating and issued a $170.00 price objective on shares of Crocs in a research report on Monday, July 29th. Piper Sandler reiterated an “overweight” rating and issued a $170.00 price objective on shares of Crocs in a research report on Friday, August 23rd. StockNews.com downgraded 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 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. Finally, Needham & Company LLC started coverage on shares of Crocs in a research note on Friday. They set a “buy” rating and a $116.00 target price on the stock. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.80.

Insider Buying and Selling

In related news, CFO Susan L. Healy purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was acquired at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the acquisition, the chief financial officer now owns 22,652 shares in the company, valued at $2,258,404.40. This trade represents a 4.62 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John B. Replogle purchased 2,240 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average price of $112.60 per share, with a total value of $252,224.00. Following the completion of the acquisition, the director now owns 9,304 shares of the company’s stock, valued at $1,047,630.40. This trade represents a 31.71 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by corporate insiders.

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.