Menard Financial Group LLC Acquires New Position in Crocs, Inc. (NASDAQ:CROX)

Menard Financial Group LLC bought a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,474 shares of the textile maker’s stock, valued at approximately $799,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CROX. V Square Quantitative Management LLC purchased a new stake in shares of Crocs during the 1st quarter valued at approximately $25,000. Rise Advisors LLC acquired a new stake in Crocs during the first quarter worth $25,000. 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. Quest Partners LLC acquired a new position in shares of Crocs in the 4th quarter valued at $53,000. Finally, Manchester Capital Management LLC grew its holdings in shares of Crocs by 1,673.5% during the 4th quarter. Manchester Capital Management LLC now owns 603 shares of the textile maker’s stock worth $56,000 after purchasing an additional 569 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Price Performance

Shares of NASDAQ CROX opened at $128.77 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 0.95. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 1.29 and a beta of 2.00. The stock’s 50-day moving average is $134.73 and its two-hundred day moving average is $137.39. Crocs, Inc. has a 1-year low of $74.00 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.59 by $0.42. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.59 earnings per share. Analysts forecast that Crocs, Inc. will post 12.85 EPS for the current fiscal year.

Insider Buying and Selling at Crocs

In other news, Director John B. Replogle bought 1,996 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the purchase, the director now owns 7,064 shares in the company, valued at approximately $875,653.44. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Crocs news, Director John B. Replogle purchased 1,996 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was bought at an average cost of $123.96 per share, with a total value of $247,424.16. Following the acquisition, the director now directly owns 7,064 shares of the company’s stock, valued at $875,653.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas J. Treff sold 10,594 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $132.38, for a total value of $1,402,433.72. Following the transaction, the director now directly owns 81,254 shares of the company’s stock, valued at $10,756,404.52. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CROX. Bank of America boosted their price objective on shares of Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a report on Thursday, June 20th. UBS Group reduced their price target on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 16th. Barclays lowered their price objective on shares of Crocs from $169.00 to $164.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Wedbush reissued an “outperform” rating and issued a $170.00 target price on shares of Crocs in a research report on Monday, July 29th. Finally, StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $160.27.

Crocs Company 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.