Vanguard Personalized Indexing Management LLC Increases Stake in Crocs, Inc. (NASDAQ:CROX)

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 10.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,446 shares of the textile maker’s stock after purchasing an additional 830 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Crocs were worth $1,233,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Crocs by 1.4% during the first quarter. Vanguard Group Inc. now owns 5,572,643 shares of the textile maker’s stock valued at $801,346,000 after buying an additional 76,460 shares during the last quarter. Coatue Management LLC grew its stake in Crocs by 836.7% during the 4th quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock valued at $96,190,000 after purchasing an additional 919,835 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 purchasing an additional 89,610 shares during the period. Norges Bank purchased a new position in shares of Crocs in the fourth quarter worth about $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 worth $71,952,000 after purchasing an additional 245,240 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

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

Crocs Stock Performance

NASDAQ CROX opened at $139.05 on Monday. The company has a current ratio of 1.50, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. Crocs, Inc. has a twelve month low of $74.00 and a twelve month high of $165.32. The stock has a 50-day moving average of $134.34 and a 200 day moving average of $137.93. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 1.29 and a beta of 2.00.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.59 by $0.42. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.59 EPS. Sell-side analysts anticipate that Crocs, Inc. will post 12.85 EPS for the current fiscal year.

Insider Transactions at Crocs

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

Crocs Company 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.