Amalgamated Bank Sells 1,545 Shares of Crocs, Inc. (NASDAQ:CROX)

Amalgamated Bank lowered its stake in Crocs, Inc. (NASDAQ:CROX) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,524 shares of the textile maker’s stock after selling 1,545 shares during the quarter. Amalgamated Bank owned approximately 0.06% of Crocs worth $5,476,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its stake in shares of Crocs by 8.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock valued at $152,000 after acquiring an additional 85 shares during the last quarter. Riverwater Partners LLC boosted its position in Crocs by 1.0% during the 1st quarter. Riverwater Partners LLC now owns 10,725 shares of the textile maker’s stock worth $1,542,000 after buying an additional 104 shares during the period. 180 Wealth Advisors LLC increased its position in Crocs by 1.6% in the 2nd quarter. 180 Wealth Advisors LLC now owns 7,248 shares of the textile maker’s stock valued at $1,036,000 after acquiring an additional 111 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Crocs by 12.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,151 shares of the textile maker’s stock valued at $108,000 after acquiring an additional 126 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in Crocs by 1.6% during the 4th quarter. Assetmark Inc. now owns 8,828 shares of the textile maker’s stock worth $825,000 after buying an additional 142 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director John B. Replogle acquired 1,996 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the acquisition, the director now owns 7,064 shares of the company’s stock, valued at approximately $875,653.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction dated 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 sale, the director now owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John B. Replogle acquired 1,996 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the purchase, the director now directly owns 7,064 shares in the company, valued at approximately $875,653.44. The disclosure for this purchase can be found here. 2.72% of the stock is owned by insiders.

Analyst Ratings Changes

CROX has been the topic of a number of recent analyst reports. Barclays cut their price objective on Crocs from $169.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. UBS Group decreased their target price on Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. Piper Sandler reissued an “overweight” rating and issued a $170.00 price target on shares of Crocs in a research note on Friday, August 23rd. Bank of America lifted their price target on shares of Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Finally, Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and increased their price objective for the stock from $135.00 to $163.00 in a research report on Thursday, August 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $160.27.

Crocs Stock Up 0.8 %

Shares of NASDAQ:CROX opened at $139.05 on Friday. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 1.29 and a beta of 2.00. The business’s 50 day moving average is $134.34 and its 200 day moving average is $137.60. Crocs, Inc. has a 12-month low of $74.00 and a 12-month high of $165.32. The company has a quick ratio of 0.95, a current ratio of 1.50 and a debt-to-equity ratio of 0.93.

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. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $3.59 EPS. On average, sell-side analysts forecast that Crocs, Inc. will post 12.85 earnings per share 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.