Crocs, Inc. (NASDAQ:CROX) Shares Sold by Rheos Capital Works Inc.

Rheos Capital Works Inc. cut its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 53.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 147,200 shares of the textile maker’s stock after selling 169,100 shares during the period. Rheos Capital Works Inc.’s holdings in Crocs were worth $21,316,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Crocs by 1.4% during the first quarter. Vanguard Group Inc. now owns 5,572,643 shares of the textile maker’s stock worth $801,346,000 after purchasing an additional 76,460 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Crocs by 15.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,091,097 shares of the textile maker’s stock worth $159,235,000 after acquiring an additional 142,944 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Crocs by 1.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker’s stock valued at $131,634,000 after acquiring an additional 11,986 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Crocs by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker’s stock worth $115,322,000 after purchasing an additional 89,610 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its stake in Crocs by 6.7% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 521,726 shares of the textile maker’s stock worth $76,141,000 after purchasing an additional 32,984 shares during the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Crocs

In related news, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the completion of the transaction, the director now directly owns 81,254 shares in the company, valued at $10,756,404.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director John B. Replogle bought 1,996 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $123.96 per share, with a total value of $247,424.16. Following the purchase, the director now owns 7,064 shares of the company’s stock, valued at $875,653.44. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Douglas J. Treff sold 10,594 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the sale, the director now owns 81,254 shares in the company, valued at approximately $10,756,404.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CROX shares. Wedbush reissued an “outperform” rating and set a $170.00 price objective on shares of Crocs in a report on Monday, July 29th. Bank of America raised their price objective on Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Raymond James downgraded Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 target price for the company. in a report on Friday, August 2nd. StockNews.com upgraded shares of Crocs from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Barclays dropped their price objective on shares of Crocs from $169.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Crocs presently has a consensus rating of “Moderate Buy” and an average target price of $162.58.

Crocs Trading Down 2.1 %

Shares of CROX stock opened at $137.54 on Thursday. Crocs, Inc. has a 1-year low of $74.00 and a 1-year high of $165.32. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 0.95. The business’s fifty day moving average price is $138.03 and its 200 day moving average price is $138.72. The firm has a market capitalization of $8.35 billion, a PE ratio of 10.65, a P/E/G ratio of 1.35 and a beta of 1.99.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.59 by $0.42. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The firm 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 firm posted $3.59 earnings per share. Crocs’s revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts forecast that Crocs, Inc. will post 12.88 EPS for the current fiscal year.

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.