Crocs, Inc. (NASDAQ:CROX) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its position in Crocs, Inc. (NASDAQ:CROX) by 24.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,566 shares of the textile maker’s stock after selling 2,153 shares during the quarter. Federated Hermes Inc.’s holdings in Crocs were worth $958,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Gryphon Financial Partners LLC purchased a new position in Crocs during the 4th quarter valued at about $150,000. Dimensional Fund Advisors LP lifted its position in shares of Crocs by 20.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 639,739 shares of the textile maker’s stock worth $59,766,000 after purchasing an additional 109,637 shares in the last quarter. Norges Bank acquired a new stake in shares of Crocs in the fourth quarter valued at $72,211,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Crocs in the fourth quarter valued at $387,000. Finally, Corient Private Wealth LLC purchased a new position in Crocs in the fourth quarter valued at $598,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Stock Performance

NASDAQ CROX opened at $139.05 on Friday. The firm has a market cap of $8.44 billion, a P/E ratio of 10.76, a P/E/G ratio of 1.29 and a beta of 2.00. Crocs, Inc. has a 52-week low of $74.00 and a 52-week high of $165.32. The business’s 50-day moving average price is $134.34 and its 200 day moving average price is $137.81. The company has a quick ratio of 0.95, a current ratio of 1.50 and a debt-to-equity ratio of 0.93.

Crocs (NASDAQ:CROX) last announced its earnings results 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 company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the business posted $3.59 EPS. The company’s revenue was up 3.6% on a year-over-year basis. On average, equities research analysts expect that Crocs, Inc. will post 12.85 earnings per share for the current year.

Insider Transactions at Crocs

In other news, Director Douglas J. Treff sold 10,594 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the transaction, the director now directly owns 81,254 shares in the company, valued at $10,756,404.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Crocs news, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction that occurred on 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 sale, the director now owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John B. Replogle bought 1,996 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of $123.96 per share, with a total value of $247,424.16. Following the completion of the purchase, the director now owns 7,064 shares in the company, valued at approximately $875,653.44. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

Analysts Set New Price Targets

CROX has been the topic of a number of analyst reports. Raymond James lowered Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price target on the stock. in a research report on Friday, August 2nd. Wedbush reissued an “outperform” rating and set a $170.00 target price on shares of Crocs in a research report on Monday, July 29th. Piper Sandler restated an “overweight” rating and set a $170.00 price objective on shares of Crocs in a research report on Friday, August 23rd. UBS Group dropped their target price on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 16th. Finally, Bank of America boosted their price target on shares of Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a research report 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.com, Crocs currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.27.

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.