Crocs, Inc. (NASDAQ:CROX) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. decreased its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 45.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,933 shares of the textile maker’s stock after selling 2,418 shares during the quarter. Edgestream Partners L.P.’s holdings in Crocs were worth $428,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in shares of Crocs during the first quarter worth $25,000. GHP Investment Advisors Inc. boosted its position in shares of Crocs by 375.0% during the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after buying an additional 180 shares during the period. Quest Partners LLC purchased a new position in shares of Crocs during the fourth quarter worth $53,000. Blue Trust Inc. boosted its position in shares of Crocs by 19.3% during the second 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. Finally, Gryphon Financial Partners LLC purchased a new position in shares of Crocs during the fourth quarter worth $150,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Stock Up 0.8 %

Crocs stock opened at $139.05 on Monday. 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 stock has a market cap of $8.44 billion, a PE ratio of 10.76, a P/E/G ratio of 1.29 and a beta of 2.00. The stock’s fifty day moving average is $134.34 and its two-hundred day moving average is $137.93.

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

Insider Buying and Selling at Crocs

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

Analysts Set New Price Targets

Several research firms have recently commented on CROX. Barclays lowered their price target on Crocs from $169.00 to $164.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Wedbush restated an “outperform” rating and set a $170.00 price target on shares of Crocs in a research report on Monday, July 29th. UBS Group decreased their target price on Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a report on Tuesday, July 16th. Finally, Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and lifted their target price for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Crocs currently has an average rating of “Moderate Buy” and a consensus target price of $160.27.

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.