Daiwa Securities Group Inc. Sells 999 Shares of Crocs, Inc. (NASDAQ:CROX)

Daiwa Securities Group Inc. lowered its position in shares of Crocs, Inc. (NASDAQ:CROX) by 38.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,586 shares of the textile maker’s stock after selling 999 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Crocs were worth $230,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Algert Global LLC increased its stake in shares of Crocs by 17.1% during the third quarter. Algert Global LLC now owns 25,194 shares of the textile maker’s stock valued at $3,648,000 after purchasing an additional 3,670 shares in the last quarter. Cerity Partners LLC grew its position in Crocs by 36.6% during the 3rd quarter. Cerity Partners LLC now owns 10,252 shares of the textile maker’s stock valued at $1,485,000 after purchasing an additional 2,745 shares during the last quarter. Banco Santander S.A. purchased a new position in Crocs in the third quarter worth about $639,000. Pacer Advisors Inc. raised its holdings in Crocs by 33.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,459,654 shares of the textile maker’s stock worth $211,372,000 after acquiring an additional 368,557 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its position in Crocs by 1.2% in the 3rd quarter. King Luther Capital Management Corp now owns 35,569 shares of the textile maker’s stock valued at $5,151,000 after acquiring an additional 426 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Insider Transactions at Crocs

In other Crocs news, Director John B. Replogle acquired 2,240 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were bought at an average price of $112.60 per share, with a total value of $252,224.00. Following the transaction, the director now directly owns 9,304 shares of the company’s stock, valued at $1,047,630.40. The trade was a 31.71 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Susan L. Healy acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average price of $99.70 per share, with a total value of $99,700.00. Following the acquisition, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. This represents a 4.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CROX shares. Monness Crespi & Hardt lowered their price target on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Barclays cut their target price on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. UBS Group lowered their target price on Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Williams Trading upgraded shares of Crocs from a “hold” rating to a “buy” rating and boosted their target price for the company from $135.00 to $163.00 in a research report on Thursday, August 22nd. Finally, Guggenheim reduced their price objective on Crocs from $182.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and a consensus target price of $148.80.

Crocs Price Performance

Shares of CROX opened at $105.60 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 7.66, a price-to-earnings-growth ratio of 1.07 and a beta of 2.01. Crocs, Inc. has a 1 year low of $85.71 and a 1 year high of $165.32. The business’s 50 day simple moving average is $121.89 and its 200-day simple moving average is $134.50.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating the consensus estimate of $3.10 by $0.50. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. Crocs’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $3.25 earnings per share. As a group, equities analysts expect that Crocs, Inc. will post 12.93 earnings per share for the current fiscal 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.