Dimensional Fund Advisors LP Boosts Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Dimensional Fund Advisors LP raised its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 12.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 790,225 shares of the textile maker’s stock after buying an additional 89,610 shares during the period. Dimensional Fund Advisors LP owned about 1.30% of Crocs worth $115,322,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CROX. Rise Advisors LLC purchased a new stake in shares of Crocs during the first quarter worth about $25,000. GHP Investment Advisors Inc. boosted its holdings in shares of Crocs by 375.0% during the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after purchasing an additional 180 shares during the period. Quest Partners LLC purchased a new stake in shares of Crocs during the fourth quarter worth about $53,000. Blue Trust Inc. boosted its holdings in shares of Crocs by 19.3% during the second 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. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Crocs by 8.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock worth $152,000 after purchasing an additional 85 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Price Performance

Shares of NASDAQ CROX opened at $143.75 on Tuesday. Crocs, Inc. has a fifty-two week low of $74.00 and a fifty-two week high of $165.32. The company has a 50 day simple moving average of $134.50 and a two-hundred day simple moving average of $138.07. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of 1.29 and a beta of 2.00. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.50.

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

Insider Activity

In other news, Director John B. Replogle purchased 1,996 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the acquisition, the director now directly owns 7,064 shares in the company, valued at approximately $875,653.44. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director John B. Replogle bought 1,996 shares of the business’s stock in a transaction on 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 transaction, the director now owns 7,064 shares in the company, valued at approximately $875,653.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction 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 disclosure for this sale can be found here. Corporate insiders own 2.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Williams Trading upgraded shares of Crocs from a “hold” rating to a “buy” rating and increased their target price for the stock from $135.00 to $163.00 in a report on Thursday, August 22nd. UBS Group decreased their price target on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. Bank of America increased their price target on shares of Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Barclays decreased their price target on shares of Crocs from $169.00 to $164.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Finally, StockNews.com raised shares of Crocs from a “hold” rating to a “buy” rating in a research note on Friday, August 23rd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.