Fmr LLC Buys 406,287 Shares of Crocs, Inc. (NASDAQ:CROX)

Fmr LLC boosted its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,907,591 shares of the textile maker’s stock after purchasing an additional 406,287 shares during the quarter. Fmr LLC owned about 0.15% of Crocs worth $1,289,908,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its position in shares of Crocs by 33.8% in the third quarter. Pacer Advisors Inc. now owns 1,459,654 shares of the textile maker’s stock valued at $211,372,000 after acquiring an additional 368,557 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Crocs by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker’s stock valued at $131,634,000 after buying an additional 11,986 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Crocs by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker’s stock valued at $115,322,000 after buying an additional 89,610 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its stake in shares of Crocs by 6.7% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 521,726 shares of the textile maker’s stock valued at $76,141,000 after buying an additional 32,984 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Crocs by 7.3% in the second quarter. American Century Companies Inc. now owns 325,516 shares of the textile maker’s stock valued at $47,506,000 after acquiring an additional 22,069 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Crocs Stock Down 4.1 %

Shares of NASDAQ CROX opened at $104.06 on Wednesday. Crocs, Inc. has a 52 week low of $85.71 and a 52 week high of $165.32. The business has a 50-day simple moving average of $124.58 and a two-hundred day simple moving average of $135.52. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The company has a market cap of $6.06 billion, a P/E ratio of 7.55, a P/E/G ratio of 1.07 and a beta of 2.01.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. Crocs’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $3.25 EPS. Research analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on CROX shares. Monness Crespi & Hardt reduced their target price on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Robert W. Baird cut their price target on Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Guggenheim cut 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. Finally, Barclays cut their price target on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.80.

Insider Activity at Crocs

In related news, CFO Susan L. Healy purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were acquired at an average cost of $99.70 per share, with a total value of $99,700.00. Following the purchase, the chief financial officer now directly 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 purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John B. Replogle purchased 2,240 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was bought at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the purchase, the director now directly owns 9,304 shares in the company, valued at approximately $1,047,630.40. This trade represents a 31.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by insiders.

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.