1,725 Shares in Crocs, Inc. (NASDAQ:CROX) Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP purchased a new stake in Crocs, Inc. (NASDAQ:CROX) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 1,725 shares of the textile maker’s stock, valued at approximately $252,000.

A number of other large investors also recently made changes to their positions in the business. Nordea Investment Management AB increased its stake in Crocs by 17.0% in the first quarter. Nordea Investment Management AB now owns 51,189 shares of the textile maker’s stock valued at $7,292,000 after purchasing an additional 7,448 shares during the last quarter. Alaska Permanent Fund Corp increased its stake in shares of Crocs by 282.2% during the 1st quarter. Alaska Permanent Fund Corp now owns 15,478 shares of the textile maker’s stock valued at $2,226,000 after acquiring an additional 11,428 shares during the last quarter. Tyro Capital Management LLC purchased a new position in shares of Crocs during the 4th quarter worth about $10,481,000. Boston Partners purchased a new stake in Crocs in the first quarter valued at approximately $10,771,000. Finally, BNP Paribas Financial Markets increased its position in Crocs by 242.1% during the fourth quarter. BNP Paribas Financial Markets now owns 56,494 shares of the textile maker’s stock worth $5,277,000 after purchasing an additional 39,979 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Andrew Rees sold 10,000 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $160.15, for a total transaction of $1,601,500.00. Following the transaction, the chief executive officer now owns 79,748 shares of the company’s stock, valued at $12,771,642.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Crocs news, CEO Andrew Rees sold 10,000 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $160.15, for a total transaction of $1,601,500.00. Following the transaction, the chief executive officer now owns 79,748 shares of the company’s stock, valued at approximately $12,771,642.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John B. Replogle bought 1,996 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 7,064 shares in the company, valued at approximately $875,653.44. The disclosure for this purchase can be found here. Insiders sold a total of 27,744 shares of company stock valued at $4,140,855 in the last ninety days. Corporate insiders own 2.72% of the company’s stock.

Crocs Trading Up 0.8 %

NASDAQ:CROX opened at $128.77 on Friday. Crocs, Inc. has a one year low of $74.00 and a one year high of $165.32. The business’s 50-day simple moving average is $134.73 and its 200 day simple moving average is $137.29. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.50. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 1.29 and a beta of 2.00.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, August 1st. The textile maker reported $4.01 EPS for the quarter, beating the consensus estimate of $3.59 by $0.42. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.59 EPS. As a group, sell-side analysts predict that Crocs, Inc. will post 12.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CROX. StockNews.com upgraded shares of Crocs from a “hold” rating to a “buy” rating in a report on Friday, August 23rd. Bank of America increased their target price on shares of Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Piper Sandler reaffirmed an “overweight” rating and set a $170.00 price target on shares of Crocs in a research report on Friday, August 23rd. Raymond James lowered shares of Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price objective for the company. in a research report on Friday, August 2nd. Finally, UBS Group reduced their target price on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $160.27.

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.