Empowered Funds LLC Grows Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Empowered Funds LLC grew its holdings in Crocs, Inc. (NASDAQ:CROX) by 11.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,343 shares of the textile maker’s stock after acquiring an additional 5,422 shares during the period. Empowered Funds LLC owned about 0.09% of Crocs worth $7,869,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GHP Investment Advisors Inc. lifted its stake in shares of Crocs by 375.0% during the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after purchasing an additional 180 shares in the last quarter. Financial Management Professionals Inc. lifted 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 worth $33,000 after acquiring an additional 224 shares in the last quarter. UMB Bank n.a. grew 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 valued at $44,000 after acquiring an additional 120 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of 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 purchasing an additional 142 shares during the period. Finally, Huntington National Bank lifted its position in shares of Crocs by 178.5% during the third quarter. Huntington National Bank now owns 738 shares of the textile maker’s stock worth $107,000 after purchasing an additional 473 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Activity at Crocs

In other news, Director John B. Replogle bought 2,240 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average price 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 of the company’s stock, valued at $1,047,630.40. This represents a 31.71 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Susan L. Healy purchased 1,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was acquired at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the transaction, the chief financial officer now owns 22,652 shares of the company’s stock, valued at $2,258,404.40. This represents a 4.62 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CROX. UBS Group lowered their price target on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. KeyCorp cut their price target on Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Piper Sandler restated an “overweight” rating and set a $170.00 price objective on shares of Crocs in a research note on Friday, August 23rd. Monness Crespi & Hardt cut their target price on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Barclays dropped their price target on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.14.

Crocs Trading Down 2.1 %

Crocs stock opened at $97.78 on Friday. The firm has a 50-day moving average price of $127.81 and a two-hundred day moving average price of $136.61. Crocs, Inc. has a 52-week low of $85.71 and a 52-week high of $165.32. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 1.00 and a beta of 2.01. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data 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. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.25 EPS. Sell-side analysts expect that Crocs, Inc. will post 12.93 earnings per share for the current year.

About Crocs

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.