Boston Partners Takes $10.77 Million Position in Crocs, Inc. (NASDAQ:CROX)

Boston Partners acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the 1st quarter, HoldingsChannel reports. The fund acquired 74,948 shares of the textile maker’s stock, valued at approximately $10,771,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Second Line Capital LLC lifted its position in shares of Crocs by 0.6% during the 1st quarter. Second Line Capital LLC now owns 29,545 shares of the textile maker’s stock worth $4,249,000 after purchasing an additional 175 shares during the last quarter. Tidal Investments LLC grew its position in Crocs by 145.8% in the 1st quarter. Tidal Investments LLC now owns 18,194 shares of the textile maker’s stock worth $2,616,000 after purchasing an additional 10,791 shares during the last quarter. Motley Fool Asset Management LLC acquired a new position in shares of Crocs during the first quarter valued at about $1,413,000. Redwood Investment Management LLC bought a new stake in shares of Crocs in the first quarter valued at about $1,522,000. Finally, B. Riley Wealth Advisors Inc. grew its position in Crocs by 8.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,456 shares of the textile maker’s stock worth $497,000 after buying an additional 280 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Trading Down 5.7 %

NASDAQ:CROX traded down $7.50 on Friday, hitting $123.31. 2,195,533 shares of the stock were exchanged, compared to its average volume of 1,596,200. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.14 and a current ratio of 1.50. Crocs, Inc. has a 52 week low of $74.00 and a 52 week high of $165.32. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 9.54, a P/E/G ratio of 1.45 and a beta of 2.00. The company’s 50-day moving average price is $145.01 and its 200 day moving average price is $131.24.

Crocs (NASDAQ:CROX) last posted its quarterly 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. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm posted $3.59 earnings per share. Crocs’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts forecast that Crocs, Inc. will post 12.73 earnings per share for the current year.

Insider Activity

In other Crocs news, EVP Anne Mehlman sold 7,150 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $159.01, for a total transaction of $1,136,921.50. Following the transaction, the executive vice president now owns 143,075 shares in the company, valued at $22,750,355.75. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Crocs news, EVP Anne Mehlman sold 7,150 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $159.01, for a total value of $1,136,921.50. Following the completion of the sale, the executive vice president now owns 143,075 shares of the company’s stock, valued at $22,750,355.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas J. Smach sold 10,174 shares of Crocs stock in a transaction on Friday, May 10th. The stock was sold at an average price of $140.32, for a total transaction of $1,427,615.68. Following the transaction, the director now directly owns 115,339 shares in the company, valued at $16,184,368.48. The disclosure for this sale can be found here. Insiders have sold a total of 30,178 shares of company stock valued at $4,597,445 in the last 90 days. 2.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CROX. OTR Global raised Crocs from a “mixed” rating to a “positive” rating in a report on Thursday, April 11th. UBS Group decreased their price objective 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 cut their target price on shares of Crocs from $169.00 to $164.00 and set an “overweight” rating for the company in a research note on Friday. Stifel Nicolaus increased their price target on Crocs from $140.00 to $158.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, Wedbush reissued an “outperform” rating and issued a $170.00 price objective on shares of Crocs in a research note on Monday, July 29th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.09.

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.