Crocs, Inc. (NASDAQ:CROX) Stake Lessened by Aurora Investment Counsel

Aurora Investment Counsel lessened its holdings in Crocs, Inc. (NASDAQ:CROX) by 45.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,004 shares of the textile maker’s stock after selling 5,093 shares during the period. Aurora Investment Counsel’s holdings in Crocs were worth $876,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Rise Advisors LLC acquired a new stake in Crocs during the 1st quarter worth about $25,000. GHP Investment Advisors Inc. grew its position in Crocs by 375.0% during the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 180 shares in the last quarter. Blue Trust Inc. increased its stake in Crocs by 19.3% in the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock valued at $144,000 after buying an additional 162 shares during the period. Nisa Investment Advisors LLC lifted its position in Crocs by 8.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock worth $152,000 after buying an additional 85 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Crocs by 50.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,068 shares of the textile maker’s stock valued at $156,000 after buying an additional 356 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Raymond James lowered Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price objective for the company. in a report on Friday, August 2nd. Piper Sandler reiterated an “overweight” rating and set a $170.00 price target on shares of Crocs in a report on Friday, August 23rd. UBS Group dropped their price objective on Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. Wedbush reiterated an “outperform” rating and issued a $170.00 target price on shares of Crocs in a research note on Monday, July 29th. Finally, 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. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Crocs presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.82.

Insider Activity

In other news, Director Douglas J. Treff sold 10,594 shares of the firm’s stock in a transaction 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 in the company, valued at $10,756,404.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director John B. Replogle acquired 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, for a total transaction of $247,424.16. Following the transaction, the director now owns 7,064 shares of the company’s stock, valued at $875,653.44. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 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 value of $1,402,433.72. Following the sale, the director now directly owns 81,254 shares in the company, valued at approximately $10,756,404.52. The disclosure for this sale can be found here. 2.72% of the stock is owned by company insiders.

Crocs Stock Up 0.3 %

Crocs stock opened at $144.81 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 0.95. Crocs, Inc. has a fifty-two week low of $74.00 and a fifty-two week high of $165.32. The firm has a fifty day moving average price of $135.64 and a two-hundred day moving average price of $138.72. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 1.44 and a beta of 2.00.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.59 by $0.42. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.59 EPS. As a group, analysts forecast that Crocs, Inc. will post 12.85 earnings per share for the current year.

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.