JB Capital LLC Sells 634 Shares of Crocs, Inc. (NASDAQ:CROX)

JB Capital LLC reduced its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 5.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,969 shares of the textile maker’s stock after selling 634 shares during the period. JB Capital LLC’s holdings in Crocs were worth $1,588,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CROX. GHP Investment Advisors Inc. boosted its stake 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 valued at $33,000 after purchasing an additional 180 shares in the last quarter. Financial Management Professionals Inc. increased its position in Crocs by 11,200.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after buying an additional 224 shares in the last quarter. UMB Bank n.a. raised its stake 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 during the last quarter. V Square Quantitative Management LLC increased its position in 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 acquiring an additional 142 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Crocs by 19.3% in the second quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock worth $144,000 after purchasing an additional 162 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CROX has been the topic of a number of research reports. KeyCorp dropped their price objective on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Piper Sandler restated an “overweight” rating and set a $170.00 target price on shares of Crocs in a research report on Friday, August 23rd. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Wedbush restated an “outperform” rating and set a $170.00 price objective on shares of Crocs in a research report on Monday, July 29th. Finally, UBS Group dropped their price target on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.14.

Insider Activity at Crocs

In related news, Director John B. Replogle purchased 2,240 shares of Crocs stock in a transaction that occurred on Wednesday, October 30th. The stock was 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 in the company, valued at $1,047,630.40. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.72% of the stock is currently owned by insiders.

Crocs Stock Up 1.7 %

Shares of NASDAQ CROX traded up $1.76 during mid-day trading on Thursday, reaching $104.50. 385,159 shares of the company were exchanged, compared to its average volume of 1,334,937. The firm has a 50-day moving average of $133.36 and a 200 day moving average of $137.91. Crocs, Inc. has a 1 year low of $77.16 and a 1 year high of $165.32. 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 stock has a market cap of $6.09 billion, a price-to-earnings ratio of 7.45, a P/E/G ratio of 1.07 and a beta of 2.01.

Crocs (NASDAQ:CROX) last posted its earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. Crocs’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.25 earnings per share. On average, research analysts expect 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.