Intech Investment Management LLC Reduces Position in Crocs, Inc. (NASDAQ:CROX)

Intech Investment Management LLC cut its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 32.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,509 shares of the textile maker’s stock after selling 5,126 shares during the quarter. Intech Investment Management LLC’s holdings in Crocs were worth $1,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. raised its stake in shares of Crocs by 375.0% in the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after buying an additional 180 shares during the period. Financial Management Professionals Inc. grew its holdings in Crocs by 11,200.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after buying an additional 224 shares in the last quarter. UMB Bank n.a. grew its holdings in Crocs by 64.9% during the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after buying an additional 120 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in Crocs by 83.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after buying an additional 142 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of Crocs by 109.5% in the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after purchasing an additional 208 shares during the period. Institutional investors own 93.44% of the company’s stock.

Insider Transactions at Crocs

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

Crocs Trading Up 2.3 %

CROX opened at $108.53 on Tuesday. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 1.07 and a beta of 2.01. 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, Inc. has a 12 month low of $85.71 and a 12 month high of $165.32. The stock has a fifty day moving average price of $124.58 and a 200-day moving average price of $135.52.

Crocs (NASDAQ:CROX) last released its quarterly 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. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.25 EPS. As a group, equities research analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CROX shares. Wedbush reiterated an “outperform” rating and issued a $170.00 target price on shares of Crocs in a report on Monday, July 29th. Needham & Company LLC initiated coverage on Crocs in a research note on Friday. They set a “buy” rating and a $116.00 price target for the company. Piper Sandler reissued an “overweight” rating and set a $170.00 price target on shares of Crocs in a research note on Friday, August 23rd. UBS Group decreased their price target on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Finally, Williams Trading raised Crocs from a “hold” rating to a “buy” rating and raised their price target for the stock from $135.00 to $163.00 in a research note on Thursday, August 22nd. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Crocs currently has a consensus rating of “Moderate Buy” and an average price target 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.