Pacer Advisors Inc. Buys 577,467 Shares of Crocs, Inc. (NASDAQ:CROX)

Pacer Advisors Inc. increased its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 39.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,037,121 shares of the textile maker’s stock after purchasing an additional 577,467 shares during the quarter. Pacer Advisors Inc.’s holdings in Crocs were worth $223,126,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Financial Management Professionals Inc. increased its position in Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 224 shares during the last quarter. UMB Bank n.a. boosted its stake 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 purchasing an additional 120 shares during the period. V Square Quantitative Management LLC grew its holdings in Crocs by 83.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 142 shares during the last quarter. Avior Wealth Management LLC raised its position in Crocs by 109.5% in the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after purchasing an additional 208 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Crocs in the third quarter worth about $73,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CROX. Loop Capital cut Crocs from a “buy” rating to a “hold” rating and cut their target price for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. KeyCorp cut their price objective on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday. Raymond James lowered shares of Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Barclays reduced their price target on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Finally, Robert W. Baird lowered their price objective on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $146.80.

Crocs Stock Performance

Shares of NASDAQ:CROX opened at $103.59 on Monday. The firm has a 50 day moving average of $107.68 and a 200 day moving average of $122.87. 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 market capitalization of $6.04 billion, a price-to-earnings ratio of 7.51, a price-to-earnings-growth ratio of 1.79 and a beta of 1.95. Crocs, Inc. has a 52 week low of $94.50 and a 52 week high of $165.32.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping the consensus estimate of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company posted $3.25 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, sell-side analysts predict that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Crocs

In other Crocs news, Director John B. Replogle bought 2,240 shares of Crocs stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average cost of $112.60 per share, with a total value of $252,224.00. Following the transaction, the director now directly owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. This represents a 31.71 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Susan L. Healy purchased 1,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was acquired at an average cost of $99.70 per share, with a total value of $99,700.00. Following the acquisition, the chief financial officer now owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. This represents a 4.62 % increase in their position. The disclosure for this purchase can be found here. 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.