Geode Capital Management LLC Purchases 2,056 Shares of Crocs, Inc. (NASDAQ:CROX)

Geode Capital Management LLC increased its position in Crocs, Inc. (NASDAQ:CROX) by 0.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,049,607 shares of the textile maker’s stock after buying an additional 2,056 shares during the period. Geode Capital Management LLC owned about 1.80% of Crocs worth $152,031,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Financial Management Professionals Inc. boosted its stake in shares of 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 during the period. GHP Investment Advisors Inc. boosted its stake in Crocs by 375.0% in 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 during the period. UMB Bank n.a. grew its holdings in Crocs by 64.9% during the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after buying an additional 120 shares in the last quarter. V Square Quantitative Management LLC raised its position 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 buying an additional 142 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in shares of Crocs by 109.5% in the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after buying an additional 208 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

CROX has been the subject of several research analyst reports. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, December 12th. Raymond James cut Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Monness Crespi & Hardt dropped their price target on 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 upgraded Crocs from a “hold” rating to a “buy” rating and raised their price target for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. Finally, KeyCorp decreased their price objective on Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Crocs presently has an average rating of “Moderate Buy” and an average price target of $148.80.

Insider Transactions at Crocs

In related news, CFO Susan L. Healy bought 1,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were acquired at an average cost of $99.70 per share, for a total transaction 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. The trade was a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John B. Replogle bought 2,240 shares of Crocs stock in a transaction dated Wednesday, October 30th. The shares were bought at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the transaction, the director now owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. This trade represents a 31.71 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

Crocs Stock Down 2.5 %

NASDAQ CROX opened at $108.96 on Tuesday. Crocs, Inc. has a 52 week low of $85.71 and a 52 week high of $165.32. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 1.14 and a beta of 1.98. 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 fifty day moving average of $115.01 and a two-hundred day moving average of $131.68.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating 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 period in the prior year, the firm posted $3.25 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, analysts predict that Crocs, Inc. will post 12.93 earnings per share for the current year.

Crocs Company 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.