UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Position in Crocs, Inc. (NASDAQ:CROX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in Crocs, Inc. (NASDAQ:CROX) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 187,388 shares of the textile maker’s stock after selling 4,161 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.32% of Crocs worth $27,136,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its stake in Crocs by 55.8% in the third quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock worth $5,820,000 after acquiring an additional 14,387 shares during the period. Meeder Asset Management Inc. lifted its stake in Crocs by 585.5% in the third quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock worth $3,526,000 after acquiring an additional 20,797 shares during the period. Catalyst Capital Advisors LLC lifted its stake in Crocs by 2,775.6% in the third quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock worth $1,145,000 after acquiring an additional 7,633 shares during the period. Aigen Investment Management LP purchased a new stake in Crocs in the third quarter worth about $2,024,000. Finally, International Assets Investment Management LLC purchased a new stake in Crocs in the third quarter worth about $2,076,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and increased their price target for the company from $135.00 to $163.00 in a research report on Thursday, August 22nd. Barclays decreased their price target on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and decreased their price target for the company from $150.00 to $110.00 in a research report on Thursday, November 7th. Raymond James lowered shares of Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com raised shares of Crocs from a “hold” rating to a “buy” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Crocs presently has an average rating of “Moderate Buy” and a consensus price target of $148.80.

Insider Buying and Selling

In other Crocs 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 bought at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the acquisition, the director now owns 9,304 shares in the company, valued at $1,047,630.40. This represents a 31.71 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Susan L. Healy purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was acquired at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the acquisition, the chief financial officer now owns 22,652 shares in the company, valued at $2,258,404.40. This trade represents a 4.62 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is owned by corporate insiders.

Crocs Price Performance

Shares of NASDAQ:CROX opened at $113.28 on Thursday. 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 is $120.54 and its 200 day moving average is $133.99. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The company has a market cap of $6.60 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.11 and a beta of 1.98.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company earned $3.25 EPS. Crocs’s quarterly revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts forecast that Crocs, Inc. will post 12.93 EPS for the current year.

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.