State of New Jersey Common Pension Fund D lowered its holdings in shares of Crocs, Inc. (NASDAQ:CROX – Free Report) by 37.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,169 shares of the textile maker’s stock after selling 13,479 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Crocs were worth $3,235,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in CROX. Coatue Management LLC grew its holdings in shares of Crocs by 836.7% in the 4th quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock worth $96,190,000 after acquiring an additional 919,835 shares during the last quarter. Norges Bank acquired a new position in shares of Crocs in the 4th quarter worth $72,211,000. Patient Capital Management LLC acquired a new position in shares of Crocs in the 4th quarter worth $39,420,000. Goldman Sachs Group Inc. grew its holdings in shares of Crocs by 46.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 770,281 shares of the textile maker’s stock worth $71,952,000 after acquiring an additional 245,240 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of Crocs by 8,437.1% in the 2nd quarter. National Bank of Canada FI now owns 182,695 shares of the textile maker’s stock worth $26,993,000 after acquiring an additional 180,555 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.
Insiders Place Their Bets
In other Crocs news, Director Douglas J. Treff sold 10,594 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $132.38, for a total value of $1,402,433.72. Following the completion of the sale, 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 available through this link. In related news, Director John B. Replogle purchased 1,996 shares of Crocs stock in a transaction on Friday, August 2nd. The stock was bought 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 $875,653.44. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Douglas J. Treff sold 10,594 shares of the stock in a transaction that occurred 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 sale, 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. Insiders own 2.72% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on Crocs
Crocs Price Performance
CROX opened at $138.43 on Wednesday. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.29 and a beta of 2.00. 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 stock has a fifty day moving average price of $134.55 and a 200 day moving average price of $137.49.
Crocs (NASDAQ:CROX – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share for the quarter, topping 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 company 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 firm earned $3.59 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Analysts forecast that Crocs, Inc. will post 12.85 EPS 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.
Featured Stories
- Five stocks we like better than Crocs
- What is the Shanghai Stock Exchange Composite Index?
- Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion?
- Consumer Discretionary Stocks Explained
- Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge
- How to Invest in Biotech Stocks
- Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker
Want to see what other hedge funds are holding CROX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crocs, Inc. (NASDAQ:CROX – Free Report).
Receive News & Ratings for Crocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crocs and related companies with MarketBeat.com's FREE daily email newsletter.