118,238 Shares in Crocs, Inc. (NASDAQ:CROX) Purchased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Crocs, Inc. (NASDAQ:CROX) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 118,238 shares of the textile maker’s stock, valued at approximately $17,122,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.20% of Crocs at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC increased its holdings in shares of Crocs by 0.5% in the first quarter. Janus Henderson Group PLC now owns 33,381 shares of the textile maker’s stock valued at $4,798,000 after purchasing an additional 173 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Crocs by 8.8% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,456 shares of the textile maker’s stock valued at $497,000 after buying an additional 280 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Crocs by 50.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,068 shares of the textile maker’s stock worth $156,000 after acquiring an additional 356 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Crocs during the 2nd quarter worth $386,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Crocs by 47.4% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 14,000 shares of the textile maker’s stock valued at $2,043,000 after acquiring an additional 4,500 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Stock Performance

NASDAQ:CROX opened at $105.60 on Monday. Crocs, Inc. has a 52 week low of $85.71 and a 52 week high of $165.32. The company has a fifty day simple moving average of $121.89 and a two-hundred day simple moving average of $134.50. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 7.66, a price-to-earnings-growth ratio of 1.07 and a beta of 2.01.

Crocs (NASDAQ:CROX) last released 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. The firm 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%. Crocs’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.25 EPS. As a group, equities analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Crocs news, 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 purchased at an average price of $99.70 per share, with a total value of $99,700.00. Following the completion of the acquisition, the chief financial officer now directly owns 22,652 shares of the company’s stock, valued at $2,258,404.40. This represents a 4.62 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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, with a total value of $252,224.00. Following the completion of the acquisition, the director now directly owns 9,304 shares in the company, valued at $1,047,630.40. The trade was a 31.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.72% of the company’s stock.

Wall Street Analyst Weigh In

CROX has been the topic of a number of analyst reports. Barclays reduced 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. KeyCorp decreased their price objective on Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. 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. UBS Group reduced their target price on Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and increased their price target for the stock from $135.00 to $163.00 in a report on Thursday, August 22nd. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, 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.