Crocs, Inc. (NASDAQ:CROX) Shares Sold by Interval Partners LP

Interval Partners LP reduced its position in shares of Crocs, Inc. (NASDAQ:CROX) by 53.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,934 shares of the textile maker’s stock after selling 127,031 shares during the period. Interval Partners LP owned approximately 0.18% of Crocs worth $16,044,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CROX. Rise Advisors LLC purchased a new position in shares of Crocs during the 1st quarter worth approximately $25,000. GHP Investment Advisors Inc. lifted its holdings 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 acquiring an additional 180 shares during the period. Quest Partners LLC purchased a new stake in shares of Crocs during the 4th quarter worth $53,000. Blue Trust Inc. grew its stake 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 purchasing an additional 162 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings 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 purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CROX. Raymond James downgraded shares of Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price objective on the stock. in a report on Friday, August 2nd. UBS Group dropped their price objective on Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and boosted their target price for the stock from $135.00 to $163.00 in a research report on Thursday, August 22nd. Bank of America upped their target price on Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Finally, Wedbush reaffirmed an “outperform” rating and set a $170.00 price target on shares of Crocs in a research note on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $160.27.

Insiders Place Their Bets

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

Crocs Price Performance

NASDAQ:CROX opened at $139.05 on Monday. Crocs, Inc. has a 12-month low of $74.00 and a 12-month high of $165.32. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 1.29 and a beta of 2.00. The company’s 50-day moving average is $134.34 and its two-hundred day moving average is $137.93. The company has a current ratio of 1.50, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.59 by $0.42. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.59 earnings per share. Research analysts expect that Crocs, Inc. will post 12.85 EPS for the current year.

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.