Crocs, Inc. (NASDAQ:CROX) Shares Acquired by Financial Management Professionals Inc.

Financial Management Professionals Inc. increased its position in Crocs, Inc. (NASDAQ:CROX) by 11,200.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226 shares of the textile maker’s stock after acquiring an additional 224 shares during the period. Financial Management Professionals Inc.’s holdings in Crocs were worth $33,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CROX. Oliver Luxxe Assets LLC acquired a new stake in shares of Crocs in the 1st quarter worth approximately $1,087,000. State of Michigan Retirement System grew its holdings in shares of Crocs by 2.1% in the 1st quarter. State of Michigan Retirement System now owns 14,838 shares of the textile maker’s stock worth $2,134,000 after acquiring an additional 300 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Crocs by 39.1% in the 1st quarter. State of Alaska Department of Revenue now owns 9,103 shares of the textile maker’s stock worth $1,308,000 after acquiring an additional 2,558 shares during the period. Lifestyle Asset Management Inc. acquired a new stake in Crocs during the 1st quarter valued at $296,000. Finally, Private Advisor Group LLC raised its holdings in shares of Crocs by 10.0% in the first quarter. Private Advisor Group LLC now owns 18,918 shares of the textile maker’s stock worth $2,720,000 after acquiring an additional 1,717 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and set a $170.00 price objective on shares of Crocs in a research note on Friday, August 23rd. Barclays lowered their price target on shares of Crocs from $169.00 to $164.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Wedbush reissued an “outperform” rating and set a $170.00 price objective on shares of Crocs in a research note on Monday, July 29th. Raymond James cut shares of Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 target price for the company. in a research note on Friday, August 2nd. Finally, KeyCorp increased their price target on Crocs from $149.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, September 26th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.58.

Crocs Stock Up 2.9 %

CROX opened at $133.75 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 0.95. The stock has a market capitalization of $8.12 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 1.35 and a beta of 1.99. The business has a 50-day moving average of $138.18 and a two-hundred day moving average of $138.69. Crocs, Inc. has a 12 month low of $74.00 and a 12 month high of $165.32.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.59 by $0.42. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the business earned $3.59 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, research analysts expect that Crocs, Inc. will post 12.88 earnings per share for the current year.

Insider Transactions at Crocs

In other news, Director John B. Replogle bought 1,996 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the acquisition, the director now owns 7,064 shares of the company’s stock, valued at $875,653.44. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Douglas J. Treff sold 10,594 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the transaction, the director now directly owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John B. Replogle purchased 1,996 shares of Crocs stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average cost of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the transaction, the director now directly owns 7,064 shares in the company, valued at $875,653.44. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

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.