Qsemble Capital Management LP Has $1.02 Million Position in Crocs, Inc. (NASDAQ:CROX)

Qsemble Capital Management LP boosted its stake in Crocs, Inc. (NASDAQ:CROX) by 309.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,064 shares of the textile maker’s stock after purchasing an additional 5,339 shares during the quarter. Qsemble Capital Management LP’s holdings in Crocs were worth $1,023,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GHP Investment Advisors Inc. boosted its position in shares of Crocs by 375.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after purchasing an additional 180 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in Crocs by 11,200.0% in the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after acquiring an additional 224 shares in the last quarter. UMB Bank n.a. grew its stake in Crocs by 64.9% in the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after acquiring an additional 120 shares during the period. V Square Quantitative Management LLC increased its holdings in shares of Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 142 shares in the last quarter. Finally, Avior Wealth Management LLC raised its position in shares of Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after purchasing an additional 208 shares during the period. 93.44% of the stock is owned by institutional investors.

Crocs Stock Down 4.1 %

CROX opened at $104.06 on Wednesday. Crocs, Inc. has a twelve month low of $85.71 and a twelve month high of $165.32. The company’s 50-day moving average price is $124.58 and its two-hundred day moving average price is $135.52. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 1.07 and a beta of 2.01. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the firm posted $3.25 EPS. Crocs’s revenue was up 1.6% on a year-over-year basis. As a group, equities analysts expect that Crocs, Inc. will post 12.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on CROX shares. Monness Crespi & Hardt decreased their price target on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and boosted their target price for the stock from $135.00 to $163.00 in a research report on Thursday, August 22nd. Robert W. Baird dropped their price target on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Barclays decreased their price objective on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, UBS Group dropped their target price on Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.80.

Insider Buying and Selling

In related news, Director John B. Replogle bought 2,240 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were purchased at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Susan L. Healy purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was bought at an average cost of $99.70 per share, with a total value of $99,700.00. Following the completion of the acquisition, 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 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.