Seven Eight Capital LP Sells 2,041 Shares of Crocs, Inc. (NASDAQ:CROX)

Seven Eight Capital LP decreased its position in shares of Crocs, Inc. (NASDAQ:CROX) by 34.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,828 shares of the textile maker’s stock after selling 2,041 shares during the period. Seven Eight Capital LP’s holdings in Crocs were worth $550,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Riverwater Partners LLC increased its position in Crocs by 1.0% during the first quarter. Riverwater Partners LLC now owns 10,725 shares of the textile maker’s stock valued at $1,542,000 after acquiring an additional 104 shares during the last quarter. Byrne Asset Management LLC increased its position in Crocs by 60.0% during the fourth quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 120 shares during the last quarter. Quadrant Capital Group LLC increased its position in Crocs by 12.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,151 shares of the textile maker’s stock valued at $108,000 after acquiring an additional 126 shares during the last quarter. Fifth Third Bancorp increased its position in Crocs by 3.2% during the first quarter. Fifth Third Bancorp now owns 4,060 shares of the textile maker’s stock valued at $584,000 after acquiring an additional 127 shares during the last quarter. Finally, Assetmark Inc. increased its position in Crocs by 1.6% during the fourth quarter. Assetmark Inc. now owns 8,828 shares of the textile maker’s stock valued at $825,000 after acquiring an additional 142 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling at Crocs

In other Crocs news, Director Thomas J. Smach sold 10,174 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $140.32, for a total transaction of $1,427,615.68. Following the completion of the sale, the director now directly owns 115,339 shares of the company’s stock, valued at $16,184,368.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Crocs news, EVP Shannon Sisler sold 1,404 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $149.96, for a total transaction of $210,543.84. Following the completion of the sale, the executive vice president now directly owns 37,103 shares of the company’s stock, valued at $5,563,965.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas J. Smach sold 10,174 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $140.32, for a total transaction of $1,427,615.68. Following the sale, the director now directly owns 115,339 shares of the company’s stock, valued at $16,184,368.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,178 shares of company stock valued at $4,597,445. 2.72% of the stock is currently owned by insiders.

Crocs Stock Down 1.5 %

NASDAQ:CROX traded down $1.92 during mid-day trading on Wednesday, reaching $129.38. The company’s stock had a trading volume of 999,309 shares, compared to its average volume of 1,336,768. Crocs, Inc. has a 1 year low of $74.00 and a 1 year high of $165.32. The stock has a fifty day moving average of $147.12 and a 200-day moving average of $130.15. The firm has a market capitalization of $7.85 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 1.48 and a beta of 2.00. The company has a quick ratio of 1.14, a current ratio of 1.76 and a debt-to-equity ratio of 1.08.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Tuesday, May 7th. The textile maker reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.77. Crocs had a net margin of 19.80% and a return on equity of 56.33%. The company had revenue of $938.60 million during the quarter, compared to analyst estimates of $884.29 million. During the same period in the prior year, the firm earned $2.61 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts forecast that Crocs, Inc. will post 12.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Monness Crespi & Hardt boosted their target price on shares of Crocs from $140.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Bank of America boosted their target price on shares of Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Wedbush boosted their target price on shares of Crocs from $156.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, May 13th. B. Riley boosted their target price on shares of Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Finally, Williams Trading reissued a “hold” rating and set a $125.00 target price (down from $135.00) on shares of Crocs in a research note on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $154.67.

About Crocs

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.