Cerity Partners LLC Boosts Position in Crocs, Inc. (NASDAQ:CROX)

Cerity Partners LLC boosted its position in shares of Crocs, Inc. (NASDAQ:CROX) by 36.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,252 shares of the textile maker’s stock after purchasing an additional 2,745 shares during the quarter. Cerity Partners LLC’s holdings in Crocs were worth $1,485,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. raised its holdings in shares of Crocs by 375.0% in the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after acquiring an additional 180 shares during the last quarter. Financial Management Professionals Inc. increased its stake in Crocs by 11,200.0% in the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 224 shares during the last quarter. UMB Bank n.a. increased its stake in Crocs by 64.9% in the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 120 shares during the last quarter. V Square Quantitative Management LLC grew its position in Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 142 shares during the period. Finally, Avior Wealth Management LLC grew its position in Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after acquiring an additional 208 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Guggenheim lowered their price target on Crocs from $182.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Williams Trading raised 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. Needham & Company LLC began coverage on Crocs in a research report on Friday, November 22nd. They issued a “buy” rating and a $116.00 target price for the company. Monness Crespi & Hardt decreased their target price on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Barclays decreased their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.80.

Crocs Trading Up 1.4 %

Shares of NASDAQ CROX opened at $111.25 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The stock’s 50 day moving average price is $121.21 and its two-hundred day moving average price is $134.20. The stock has a market capitalization of $6.48 billion, a P/E ratio of 8.07, a PEG ratio of 1.11 and a beta of 1.98. Crocs, Inc. has a 52-week low of $85.71 and a 52-week high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.25 EPS. On average, analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

Insider Transactions at Crocs

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

Crocs 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.