11,737 Shares in Crocs, Inc. (NASDAQ:CROX) Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC bought a new stake in Crocs, Inc. (NASDAQ:CROX) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 11,737 shares of the textile maker’s stock, valued at approximately $1,700,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC increased its stake in Crocs by 4.8% during the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after buying an additional 406,287 shares during the period. Pacer Advisors Inc. grew its stake 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 worth $211,372,000 after acquiring an additional 368,557 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Crocs by 1.3% during the second quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker’s stock worth $131,634,000 after acquiring an additional 11,986 shares during the period. Dimensional Fund Advisors LP raised 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 acquiring an additional 89,610 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its holdings in 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 purchasing an additional 32,984 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Crocs

In other news, CFO Susan L. Healy purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 directly owns 22,652 shares in the company, valued at approximately $2,258,404.40. The trade was a 4.62 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John B. Replogle acquired 2,240 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average cost of $112.60 per share, with a total value of $252,224.00. Following the completion of the purchase, the director now directly 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 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 $104.06 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. The company has a market cap of $6.06 billion, a PE ratio of 7.55, a P/E/G ratio of 1.10 and a beta of 2.01. The stock has a fifty day moving average price of $124.58 and a 200 day moving average price of $135.52. Crocs, Inc. has a 1-year low of $85.71 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (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 business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business posted $3.25 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. Sell-side analysts forecast that Crocs, Inc. will post 12.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CROX. StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Barclays reduced their target price on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Needham & Company LLC initiated coverage on shares of Crocs in a research report on Friday, November 22nd. They issued a “buy” rating and a $116.00 price objective on the stock. Monness Crespi & Hardt decreased their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Williams Trading raised Crocs from a “hold” rating to a “buy” rating and lifted their price target for the stock from $135.00 to $163.00 in a report on Thursday, August 22nd. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.80.

Crocs 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.