7,745 Shares in Crocs, Inc. (NASDAQ:CROX) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in Crocs, Inc. (NASDAQ:CROX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,745 shares of the textile maker’s stock, valued at approximately $1,130,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Crocs by 1.4% in the first quarter. Vanguard Group Inc. now owns 5,572,643 shares of the textile maker’s stock worth $801,346,000 after purchasing an additional 76,460 shares in the last quarter. Coatue Management LLC boosted its stake in Crocs by 836.7% in the 4th quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock valued at $96,190,000 after buying an additional 919,835 shares in the last quarter. Dimensional Fund Advisors LP grew its position in 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 acquiring an additional 89,610 shares during the period. Norges Bank acquired a new position in Crocs during the fourth quarter worth $72,211,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Crocs by 46.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 770,281 shares of the textile maker’s stock valued at $71,952,000 after acquiring an additional 245,240 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Buying and Selling at Crocs

In other news, Director Douglas J. Treff sold 10,594 shares of the company’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 directly owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Crocs news, Director Douglas J. Treff sold 10,594 shares of the company’s 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 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 can be accessed through the SEC website. Also, Director John B. Replogle purchased 1,996 shares of Crocs stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the transaction, the director now owns 7,064 shares of the company’s stock, valued at $875,653.44. The disclosure for this purchase can be found here. Insiders own 2.72% of the company’s stock.

Crocs Stock Up 0.8 %

Shares of NASDAQ CROX opened at $139.05 on Friday. Crocs, Inc. has a 1 year low of $74.00 and a 1 year high of $165.32. The firm’s 50-day moving average is $134.34 and its 200-day moving average is $137.60. 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 has a market capitalization of $8.44 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 1.29 and a beta of 2.00.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, August 1st. The textile maker reported $4.01 EPS for the quarter, beating 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 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 company posted $3.59 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities analysts expect that Crocs, Inc. will post 12.85 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CROX shares. Barclays lowered their target price on shares of Crocs from $169.00 to $164.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. UBS Group dropped their price objective on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a report on Tuesday, July 16th. Raymond James downgraded Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 target price on the stock. in a report on Friday, August 2nd. Williams Trading raised Crocs from a “hold” rating to a “buy” rating and raised their price target for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. Finally, Bank of America boosted their price objective on Crocs from $160.00 to $187.00 and gave the stock 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 assigned a buy rating to the stock. According to MarketBeat, Crocs currently has a consensus rating of “Moderate Buy” and an average target price of $160.27.

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.