MRP Capital Investments LLC Sells 1,515 Shares of Crocs, Inc. (NASDAQ:CROX)

MRP Capital Investments LLC decreased its position in Crocs, Inc. (NASDAQ:CROX) by 17.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,180 shares of the textile maker’s stock after selling 1,515 shares during the period. MRP Capital Investments LLC’s holdings in Crocs were worth $1,048,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Rise Advisors LLC acquired a new position in shares of Crocs in the 1st quarter valued at about $25,000. GHP Investment Advisors Inc. lifted its stake in Crocs by 375.0% in the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after buying an additional 180 shares during the period. Quest Partners LLC bought a new position in shares of Crocs during the 4th quarter worth approximately $53,000. Quadrant Capital Group LLC boosted its holdings in shares of Crocs by 12.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,151 shares of the textile maker’s stock worth $108,000 after buying an additional 126 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Crocs by 19.3% during the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock worth $144,000 after buying an additional 162 shares during the period. Institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CROX shares. Barclays dropped their target price on shares of Crocs from $169.00 to $164.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Bank of America upped their price objective on shares of Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Piper Sandler restated an “overweight” rating and issued a $170.00 target price on shares of Crocs in a research note on Friday, August 23rd. Wedbush reaffirmed an “outperform” rating and set a $170.00 price target on shares of Crocs in a research note on Monday, July 29th. Finally, Raymond James lowered Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price target on the stock. in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $160.27.

Crocs Stock Performance

NASDAQ CROX opened at $139.81 on Thursday. 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 company has a fifty day moving average price of $134.45 and a 200-day moving average price of $137.58. Crocs, Inc. has a 1 year low of $74.00 and a 1 year high of $165.32. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 1.29 and a beta of 2.00.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 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 firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business posted $3.59 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities research analysts predict that Crocs, Inc. will post 12.85 EPS for the current fiscal year.

Insider Buying and Selling

In other Crocs news, Director Douglas J. Treff sold 10,594 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total value of $1,402,433.72. Following the completion of the transaction, the director now owns 81,254 shares in the company, valued at approximately $10,756,404.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Crocs news, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $132.38, for a total value of $1,402,433.72. Following the sale, the director now owns 81,254 shares of the company’s stock, valued at $10,756,404.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John B. Replogle bought 1,996 shares of Crocs stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $123.96 per share, with a total value of $247,424.16. Following the completion of the transaction, the director now directly owns 7,064 shares in the company, valued at $875,653.44. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by corporate insiders.

Crocs Company 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.