PDT Partners LLC lowered its stake in shares of Crocs, Inc. (NASDAQ:CROX – Get Rating) by 53.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,556 shares of the textile maker’s stock after selling 5,313 shares during the quarter. PDT Partners LLC’s holdings in Crocs were worth $313,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. IFP Advisors Inc increased its stake in shares of Crocs by 0.9% during the 3rd quarter. IFP Advisors Inc now owns 16,592 shares of the textile maker’s stock valued at $314,000 after acquiring an additional 143 shares during the last quarter. Arizona State Retirement System increased its position in Crocs by 0.9% during the 3rd quarter. Arizona State Retirement System now owns 16,733 shares of the textile maker’s stock worth $1,149,000 after purchasing an additional 146 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in Crocs by 0.7% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 26,246 shares of the textile maker’s stock worth $1,802,000 after purchasing an additional 175 shares in the last quarter. Diversified Trust Co increased its position in Crocs by 2.5% during the 3rd quarter. Diversified Trust Co now owns 7,910 shares of the textile maker’s stock worth $543,000 after purchasing an additional 195 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in Crocs by 1.9% during the 3rd quarter. Private Advisor Group LLC now owns 10,778 shares of the textile maker’s stock worth $740,000 after purchasing an additional 196 shares in the last quarter. Institutional investors and hedge funds own 84.95% of the company’s stock.
Insider Activity
In other news, Director Ian Bickley sold 5,516 shares of the stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $133.92, for a total transaction of $738,702.72. Following the completion of the transaction, the director now directly owns 45,959 shares in the company, valued at approximately $6,154,829.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Daniel P. Hart sold 10,000 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,100,000.00. Following the transaction, the executive vice president now directly owns 247,360 shares in the company, valued at $27,209,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ian Bickley sold 5,516 shares of the stock in a transaction on Friday, February 17th. The stock was sold at an average price of $133.92, for a total value of $738,702.72. Following the completion of the sale, the director now directly owns 45,959 shares in the company, valued at $6,154,829.28. The disclosure for this sale can be found here. In the last three months, insiders sold 66,571 shares of company stock worth $8,354,696. 2.71% of the stock is currently owned by insiders.
Crocs Stock Performance
Crocs stock opened at $121.71 on Wednesday. The stock has a market cap of $7.52 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 0.74 and a beta of 1.91. The company has a current ratio of 1.60, a quick ratio of 0.86 and a debt-to-equity ratio of 2.81. The stock has a 50 day moving average of $118.50 and a 200-day moving average of $94.85. Crocs, Inc. has a 52 week low of $46.08 and a 52 week high of $143.50.
Crocs (NASDAQ:CROX – Get Rating) last released its earnings results on Thursday, February 16th. The textile maker reported $2.65 EPS for the quarter, beating the consensus estimate of $2.18 by $0.47. The company had revenue of $945.16 million during the quarter, compared to analysts’ expectations of $939.16 million. Crocs had a return on equity of 118.32% and a net margin of 15.19%. The business’s revenue was up 61.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.15 EPS. On average, analysts expect that Crocs, Inc. will post 11.17 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research firms recently issued reports on CROX. StockNews.com raised shares of Crocs from a “sell” rating to a “hold” rating in a research report on Thursday, February 23rd. Piper Sandler increased their target price on shares of Crocs from $118.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, January 12th. Stifel Nicolaus increased their target price on shares of Crocs from $107.00 to $133.00 and gave the stock a “hold” rating in a research report on Friday, February 17th. Loop Capital upped their price target on Crocs from $165.00 to $185.00 in a report on Friday, February 17th. Finally, TheStreet upgraded Crocs from a “c+” rating to a “b” rating in a report on Monday, January 30th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.29.
About Crocs
Crocs, Inc engages in the design, development, manufacturing, worldwide marketing, sale and distribution of casual footwear, apparel, and accessories for men, women, and children. It operates through the following segments: Americas, Asia Pacific and Europe, Middle East & Africa (EMEA). The Americas segment consists of the revenues and expenses related to product sales in North and South America.
