Banco Santander S.A. Makes New Investment in Crocs, Inc. (NASDAQ:CROX)

Banco Santander S.A. purchased a new stake in shares of Crocs, Inc. (NASDAQ:CROXFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,411 shares of the textile maker’s stock, valued at approximately $639,000.

A number of other hedge funds also recently made changes to their positions in CROX. Blair William & Co. IL acquired a new position in Crocs during the 1st quarter worth $262,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Crocs by 280.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,219 shares of the textile maker’s stock worth $615,000 after purchasing an additional 3,111 shares during the period. Estuary Capital Management LP bought a new position in Crocs in the 1st quarter valued at about $4,487,000. Silvercrest Asset Management Group LLC increased its stake in Crocs by 28.6% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 166,074 shares of the textile maker’s stock valued at $23,881,000 after buying an additional 36,948 shares during the period. Finally, Bayesian Capital Management LP acquired a new position in shares of Crocs in the 1st quarter worth approximately $212,000. Institutional investors own 93.44% of the company’s stock.

Insider Transactions at Crocs

In other Crocs news, CFO Susan L. Healy bought 1,000 shares of Crocs stock in a transaction dated Wednesday, November 13th. The shares were 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 directly owns 22,652 shares of the company’s stock, valued at $2,258,404.40. The trade was a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John B. Replogle acquired 2,240 shares of the business’s stock in a transaction 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 transaction, the director now owns 9,304 shares in the company, valued at approximately $1,047,630.40. The trade was a 31.71 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by insiders.

Crocs Stock Performance

NASDAQ:CROX opened at $106.08 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. The firm’s 50-day moving average is $125.11 and its 200-day moving average is $135.74. Crocs, Inc. has a 52-week low of $85.71 and a 52-week high of $165.32. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 0.99 and a beta of 2.01.

Crocs (NASDAQ:CROXGet Free Report) last issued its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.50. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business earned $3.25 EPS. The firm’s revenue was up 1.6% on a year-over-year basis. Equities research analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CROX shares. 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 research note on Wednesday, October 30th. Guggenheim reduced their price objective on Crocs from $182.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. UBS Group dropped their target price on Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Monness Crespi & Hardt reduced their price target on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $148.80.

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Crocs Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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