Susquehanna Portfolio Strategies LLC Has $27.17 Million Stake in Crocs, Inc. (NASDAQ:CROX)

Susquehanna Portfolio Strategies LLC lessened its holdings in Crocs, Inc. (NASDAQ:CROX) by 19.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,196 shares of the textile maker’s stock after selling 43,704 shares during the quarter. Crocs accounts for approximately 1.1% of Susquehanna Portfolio Strategies LLC’s investment portfolio, making the stock its 17th biggest holding. Susquehanna Portfolio Strategies LLC owned 0.31% of Crocs worth $27,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Crocs by 1.4% during the first quarter. Vanguard Group Inc. now owns 5,572,643 shares of the textile maker’s stock worth $801,346,000 after acquiring an additional 76,460 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Crocs by 15.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,091,097 shares of the textile maker’s stock worth $159,235,000 after purchasing an additional 142,944 shares during the last quarter. Coatue Management LLC raised its stake in shares of Crocs by 836.7% during the 4th quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock worth $96,190,000 after purchasing an additional 919,835 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Crocs by 1.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker’s stock valued at $131,634,000 after buying an additional 11,986 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Crocs by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker’s stock valued at $115,322,000 after buying an additional 89,610 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group dropped their price target on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 16th. KeyCorp lifted their price target on Crocs from $149.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday. StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a research note on Friday, August 23rd. Barclays reduced their target price on Crocs from $169.00 to $164.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Finally, Bank of America increased their price target on Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Two investment 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.82.

Insider Activity

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

Crocs Stock Down 2.1 %

CROX stock opened at $144.31 on Friday. The business’s fifty day moving average price is $135.41 and its two-hundred day moving average price is $138.43. The stock has a market capitalization of $8.76 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.44 and a beta of 2.00. Crocs, Inc. has a fifty-two week low of $74.00 and a fifty-two week 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.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 earnings per share for the quarter, topping 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 business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company earned $3.59 EPS. The business’s revenue was up 3.6% on a year-over-year basis. On average, equities analysts anticipate 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.