Crocs, Inc. (NASDAQ:CROX) Position Boosted by Townsend & Associates Inc

Townsend & Associates Inc grew its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 1.5% in the third quarter, HoldingsChannel reports. The fund owned 129,423 shares of the textile maker’s stock after buying an additional 1,975 shares during the period. Crocs makes up about 1.9% of Townsend & Associates Inc’s portfolio, making the stock its 19th largest holding. Townsend & Associates Inc’s holdings in Crocs were worth $18,742,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. National Bank of Canada FI lifted its position in Crocs by 8,437.1% in the second quarter. National Bank of Canada FI now owns 182,695 shares of the textile maker’s stock worth $26,993,000 after purchasing an additional 180,555 shares during the period. Pacer Advisors Inc. boosted its stake in Crocs by 15.1% during the second quarter. Pacer Advisors Inc. now owns 1,091,097 shares of the textile maker’s stock valued at $159,235,000 after buying an additional 142,944 shares in the last quarter. Marshall Wace LLP acquired a new position in Crocs during the second quarter worth about $19,598,000. LSV Asset Management raised its position in Crocs by 73.3% in the first quarter. LSV Asset Management now owns 300,413 shares of the textile maker’s stock worth $43,199,000 after acquiring an additional 127,100 shares in the last quarter. Finally, Distillate Capital Partners LLC acquired a new stake in Crocs in the 2nd quarter valued at about $13,483,000. Institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling

In other news, Director John B. Replogle purchased 2,240 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the transaction, the director now directly owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 2.72% of the stock is owned by insiders.

Crocs Stock Performance

Shares of NASDAQ:CROX opened at $101.30 on Friday. The stock has a market capitalization of $5.90 billion, a P/E ratio of 7.35, a P/E/G ratio of 1.07 and a beta of 2.01. 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, Inc. has a 1-year low of $77.16 and a 1-year high of $165.32. The business has a 50-day moving average price of $131.59 and a two-hundred day moving average price of $137.49.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $3.25 earnings per share. Equities analysts predict that Crocs, Inc. will post 12.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CROX shares. Loop Capital downgraded shares of Crocs from a “buy” rating to a “hold” rating and dropped their target price for the stock from $150.00 to $110.00 in a research report on Thursday. Monness Crespi & Hardt reduced their target price on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Guggenheim lowered their price target on Crocs from $182.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler restated an “overweight” rating and set a $170.00 price objective on shares of Crocs in a research report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $151.14.

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.