Crocs, Inc. (NASDAQ:CROX) Stock Position Decreased by Profit Investment Management LLC

Profit Investment Management LLC lessened its stake in Crocs, Inc. (NASDAQ:CROX) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,184 shares of the textile maker’s stock after selling 174 shares during the quarter. Crocs comprises about 2.3% of Profit Investment Management LLC’s holdings, making the stock its 10th largest holding. Profit Investment Management LLC’s holdings in Crocs were worth $2,868,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FMR LLC increased its stake 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 during the last quarter. State Street Corp increased its stake in Crocs by 0.7% during the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock worth $262,467,000 after acquiring an additional 13,467 shares during the last quarter. Pacer Advisors Inc. increased its stake in Crocs by 33.8% during the third 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. Thrivent Financial for Lutherans increased its stake in Crocs by 1.3% during the second quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker’s stock worth $131,634,000 after acquiring an additional 11,986 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Crocs by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker’s stock worth $115,322,000 after acquiring an additional 89,610 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CROX shares. Raymond James cut Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Loop Capital cut Crocs from a “buy” rating to a “hold” rating and dropped their price objective for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. KeyCorp dropped their price objective on Crocs from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. UBS Group dropped their price objective 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, Guggenheim reiterated a “buy” rating and issued a $155.00 target price on shares of Crocs in a report on Friday, December 6th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $148.80.

Insider Activity

In other news, CFO Susan L. Healy bought 1,000 shares of Crocs stock in a transaction dated Wednesday, November 13th. The stock was acquired at an average cost 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John B. Replogle bought 2,240 shares of Crocs stock in a transaction dated Wednesday, October 30th. The stock was purchased 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 approximately $1,047,630.40. The trade was a 31.71 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

Crocs Stock Down 1.2 %

Shares of NASDAQ CROX opened at $102.67 on Friday. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 1.90 and a beta of 1.95. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. The business has a 50-day moving average of $107.42 and a two-hundred day moving average of $125.11. Crocs, Inc. has a 1 year low of $94.50 and a 1 year high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the business earned $3.25 EPS. Crocs’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts forecast that Crocs, Inc. will post 12.92 earnings per share for the current fiscal year.

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.