American Century Companies Inc. Grows Holdings in Crocs, Inc. (NASDAQ:CROX)

American Century Companies Inc. raised its stake in Crocs, Inc. (NASDAQ:CROX) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 325,516 shares of the textile maker’s stock after buying an additional 22,069 shares during the period. American Century Companies Inc. owned about 0.54% of Crocs worth $47,506,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Crocs in the 1st quarter worth approximately $25,000. Rise Advisors LLC bought a new stake in shares of Crocs in the 1st quarter worth approximately $25,000. Quest Partners LLC purchased a new stake in shares of Crocs in the 4th quarter valued at $53,000. Quadrant Capital Group LLC grew its holdings in shares of Crocs by 12.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,151 shares of the textile maker’s stock valued at $108,000 after purchasing an additional 126 shares during the last quarter. Finally, Blue Trust Inc. raised its position in 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. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Trading Up 5.2 %

Shares of CROX opened at $135.47 on Tuesday. Crocs, Inc. has a 1-year low of $74.00 and a 1-year high of $165.32. The company has a current ratio of 1.50, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. The firm’s 50-day moving average price is $134.55 and its 200-day moving average price is $137.49. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 1.29 and a beta of 2.00.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the firm posted $3.59 EPS. The business’s revenue was up 3.6% on a year-over-year basis. Sell-side analysts anticipate that Crocs, Inc. will post 12.85 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Raymond James cut Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price objective on the stock. in a research note on Friday, August 2nd. UBS Group decreased their price target on Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 16th. Bank of America increased their price objective on Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Piper Sandler reaffirmed an “overweight” rating and issued a $170.00 target price on shares of Crocs in a research note on Friday, August 23rd. Finally, Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and increased their price target for the company from $135.00 to $163.00 in a research report on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $160.27.

Insider Buying and Selling

In other Crocs news, Director Douglas J. Treff sold 10,594 shares of the firm’s stock in a transaction 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 transaction, the director now owns 81,254 shares of the company’s stock, valued at $10,756,404.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director John B. Replogle purchased 1,996 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total value of $1,402,433.72. Following the transaction, the director now 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. 2.72% of the stock is owned by insiders.

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.