Exchange Traded Concepts LLC Acquires 1,531 Shares of Crocs, Inc. (NASDAQ:CROX)

Exchange Traded Concepts LLC boosted its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 11.8% during the 3rd quarter, Holdings Channel reports. The firm owned 14,488 shares of the textile maker’s stock after buying an additional 1,531 shares during the period. Exchange Traded Concepts LLC’s holdings in Crocs were worth $2,098,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Davis Investment Partners LLC raised its stake in Crocs by 0.8% during the 3rd quarter. Davis Investment Partners LLC now owns 9,673 shares of the textile maker’s stock valued at $1,362,000 after purchasing an additional 77 shares during the period. Nisa Investment Advisors LLC grew its holdings in Crocs by 8.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock valued at $152,000 after buying an additional 85 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in shares of Crocs by 8.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,350 shares of the textile maker’s stock worth $195,000 after acquiring an additional 100 shares in the last quarter. 180 Wealth Advisors LLC boosted its position in shares of Crocs by 1.6% during the 2nd quarter. 180 Wealth Advisors LLC now owns 7,248 shares of the textile maker’s stock valued at $1,036,000 after acquiring an additional 111 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Crocs by 64.9% in the third 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 last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Price Performance

Crocs stock opened at $139.43 on Tuesday. The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 1.35 and a beta of 1.99. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 0.95. Crocs, Inc. has a 1 year low of $74.00 and a 1 year high of $165.32. The firm has a 50-day moving average of $137.52 and a two-hundred day moving average of $138.75.

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

Insider Activity

In other Crocs news, Director John B. Replogle purchased 1,996 shares of Crocs 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 in the company, valued at $875,653.44. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Crocs news, Director John B. Replogle purchased 1,996 shares of Crocs 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 in the company, valued at $875,653.44. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas J. Treff sold 10,594 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the completion of the sale, the director now owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group lowered their price objective on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a research report on Tuesday, July 16th. KeyCorp boosted their target price on shares of Crocs from $149.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. Raymond James downgraded shares of Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 target price on the stock. in a report on Friday, August 2nd. Williams Trading upgraded shares of Crocs from a “hold” rating to a “buy” rating and boosted their target price for the stock from $135.00 to $163.00 in a report on Thursday, August 22nd. Finally, Barclays reduced their target price on shares of Crocs from $169.00 to $164.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Crocs currently has an average rating of “Moderate Buy” and an average price target of $162.58.

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.