Entropy Technologies LP Invests $887,000 in Crocs, Inc. (NASDAQ:CROX)

Entropy Technologies LP acquired a new stake in Crocs, Inc. (NASDAQ:CROXFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,123 shares of the textile maker’s stock, valued at approximately $887,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CROX. GHP Investment Advisors Inc. boosted its position in shares of 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 last quarter. Financial Management Professionals Inc. boosted its holdings in Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after buying an additional 224 shares during the last quarter. UMB Bank n.a. grew its position in shares of Crocs by 64.9% during the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after buying an additional 120 shares during the period. V Square Quantitative Management LLC increased its stake in shares of Crocs by 83.0% in the 3rd 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 during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Crocs by 19.3% in the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock valued at $144,000 after acquiring an additional 162 shares during the period. 93.44% of the stock is owned by institutional investors.

Crocs Stock Down 3.0 %

CROX stock opened at $98.96 on Thursday. Crocs, Inc. has a 1-year low of $79.44 and a 1-year high of $165.32. The business’s 50 day simple moving average is $129.17 and its 200 day simple moving average is $137.07. 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 firm has a market capitalization of $5.77 billion, a PE ratio of 7.18, a PEG ratio of 1.03 and a beta of 2.01.

Crocs (NASDAQ:CROXGet Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.50. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The company’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.25 earnings per share. As a group, research analysts anticipate that Crocs, Inc. will post 12.93 EPS for the current year.

Insider Transactions at Crocs

In other news, Director John B. Replogle acquired 2,240 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were purchased at an average cost of $112.60 per share, with a total value of $252,224.00. Following the acquisition, the director now directly owns 9,304 shares in the company, valued at $1,047,630.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 2.72% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Piper Sandler reiterated an “overweight” rating and issued a $170.00 target price on shares of Crocs in a report on Friday, August 23rd. Williams Trading raised Crocs from a “hold” rating to a “buy” rating and raised their price objective for the stock from $135.00 to $163.00 in a research note on Thursday, August 22nd. StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Monness Crespi & Hardt dropped their price target on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.14.

Get Our Latest Stock Report on CROX

About Crocs

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding CROX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crocs, Inc. (NASDAQ:CROXFree Report).

Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

Receive News & Ratings for Crocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crocs and related companies with MarketBeat.com's FREE daily email newsletter.