Clark Estates Inc. NY Has $3.26 Million Position in Crocs, Inc. (NASDAQ:CROX)

Clark Estates Inc. NY trimmed its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 7.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,500 shares of the textile maker’s stock after selling 1,800 shares during the period. Clark Estates Inc. NY’s holdings in Crocs were worth $3,258,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CROX. FMR LLC raised its position in Crocs by 4.8% during the third quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after acquiring an additional 406,287 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Crocs by 33.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,459,654 shares of the textile maker’s stock worth $211,372,000 after acquiring an additional 368,557 shares during the last quarter. National Bank of Canada FI raised its stake in Crocs by 8,437.1% in the 2nd quarter. National Bank of Canada FI now owns 182,695 shares of the textile maker’s stock valued at $26,993,000 after acquiring an additional 180,555 shares during the period. Marshall Wace LLP acquired a new stake in Crocs during the 2nd quarter valued at $19,598,000. Finally, Distillate Capital Partners LLC bought a new stake in shares of Crocs during the 2nd quarter worth about $13,483,000. Institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on CROX shares. Loop Capital cut Crocs from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $150.00 to $110.00 in a research report on Thursday, November 7th. Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and boosted their price target for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. Robert W. Baird lowered their price objective on Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Piper Sandler reiterated an “overweight” rating and set a $170.00 price objective on shares of Crocs in a research note on Friday, August 23rd. Finally, StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.80.

Insiders Place Their Bets

In related news, CFO Susan L. Healy acquired 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, with a total value of $99,700.00. Following the acquisition, the chief financial officer now owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. This trade represents a 4.62 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John B. Replogle purchased 2,240 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were bought at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the transaction, the director now owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. This trade represents a 31.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

Crocs Stock Performance

CROX opened at $104.06 on Wednesday. Crocs, Inc. has a 1-year low of $85.71 and a 1-year high of $165.32. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 1.10 and a beta of 2.01. The company’s fifty day moving average price is $124.58 and its two-hundred day moving average price is $135.52. 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 (NASDAQ:CROX) last posted 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 for the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.25 EPS. On average, analysts expect that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

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.