Crocs, Inc. (NASDAQ:CROX) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its holdings in Crocs, Inc. (NASDAQ:CROX) by 16.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,374 shares of the textile maker’s stock after acquiring an additional 1,724 shares during the period. Oppenheimer & Co. Inc.’s holdings in Crocs were worth $1,792,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CROX. GHP Investment Advisors Inc. raised its position in Crocs by 375.0% in the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 180 shares during the period. Financial Management Professionals Inc. lifted its position in Crocs by 11,200.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after acquiring an additional 224 shares in the last quarter. UMB Bank n.a. boosted its holdings in Crocs by 64.9% in the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after acquiring an additional 120 shares during the period. V Square Quantitative Management LLC raised its stake in shares of Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 142 shares during the period. Finally, Blue Trust Inc. lifted its position 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 purchasing an additional 162 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Price Performance

NASDAQ CROX opened at $97.78 on Monday. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average price of $127.81 and a two-hundred day moving average price of $136.78. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 0.99 and a beta of 2.01. Crocs, Inc. has a 52 week low of $85.71 and a 52 week high of $165.32.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.25 earnings per share. Analysts forecast that Crocs, Inc. will post 12.93 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on CROX shares. Guggenheim cut their price objective on shares of Crocs from $182.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and upped their price target for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Finally, Monness Crespi & Hardt reduced their target price on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Crocs 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, CFO Susan L. Healy acquired 1,000 shares of Crocs stock in a transaction dated Wednesday, November 13th. The stock was bought at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the transaction, the chief financial officer now owns 22,652 shares in the company, valued at approximately $2,258,404.40. This trade represents a 4.62 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John B. Replogle bought 2,240 shares of the company’s stock in a transaction that occurred on 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 completion of the acquisition, the director now directly owns 9,304 shares in the company, valued at approximately $1,047,630.40. This represents a 31.71 % increase in their ownership of the stock. 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.