Samlyn Capital LLC Reduces Position in Crocs, Inc. (NASDAQ:CROX)

Samlyn Capital LLC decreased its position in Crocs, Inc. (NASDAQ:CROX) by 22.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 648,176 shares of the textile maker’s stock after selling 191,691 shares during the period. Crocs comprises approximately 1.6% of Samlyn Capital LLC’s portfolio, making the stock its 23rd biggest holding. Samlyn Capital LLC owned about 1.07% of Crocs worth $94,595,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in Crocs during the 1st quarter valued at approximately $25,000. GHP Investment Advisors Inc. increased its position in Crocs by 375.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 180 shares during the period. Quest Partners LLC bought a new position in Crocs in the 4th quarter worth $53,000. Blue Trust Inc. lifted its position in shares of Crocs by 19.3% in 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 boosted its stake in shares of Crocs by 8.9% during 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. 93.44% of the stock is currently owned by institutional investors.

Insider Transactions at Crocs

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

Analysts Set New Price Targets

A number of research firms have weighed in on CROX. StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a report on Friday, August 23rd. Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and upped their target price for the stock from $135.00 to $163.00 in a research report on Thursday, August 22nd. Piper Sandler reissued an “overweight” rating and set a $170.00 price target on shares of Crocs in a research report on Friday, August 23rd. UBS Group dropped their price target on Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 16th. Finally, Bank of America raised their price objective on Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $160.27.

Crocs Stock Performance

CROX stock opened at $143.75 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 0.95. Crocs, Inc. has a 1 year low of $74.00 and a 1 year high of $165.32. The company has a market cap of $8.73 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 1.29 and a beta of 2.00. The stock’s fifty day moving average price is $134.50 and its 200-day moving average price is $138.07.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) 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 business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the company posted $3.59 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities analysts forecast that Crocs, Inc. will post 12.85 earnings per share for the current year.

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.