ProShare Advisors LLC Sells 93 Shares of Crocs, Inc. (NASDAQ:CROX)

ProShare Advisors LLC lowered its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 3.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,862 shares of the textile maker’s stock after selling 93 shares during the period. ProShare Advisors LLC’s holdings in Crocs were worth $418,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CROX. Nisa Investment Advisors LLC raised its stake in 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 acquiring an additional 85 shares in the last quarter. Riverwater Partners LLC lifted its stake in Crocs by 1.0% in the 1st quarter. Riverwater Partners LLC now owns 10,725 shares of the textile maker’s stock valued at $1,542,000 after purchasing an additional 104 shares during the last quarter. 180 Wealth Advisors LLC lifted its stake in Crocs by 1.6% in the 2nd quarter. 180 Wealth Advisors LLC now owns 7,248 shares of the textile maker’s stock valued at $1,036,000 after purchasing an additional 111 shares during the last quarter. Blue Trust Inc. grew its stake 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 buying an additional 162 shares during the last quarter. Finally, Rise Advisors LLC bought a new stake in shares of Crocs during the first quarter worth $25,000. 93.44% of the stock is currently owned by institutional investors.

Crocs Stock Performance

Shares of CROX opened at $141.63 on Wednesday. The firm’s fifty day simple moving average is $135.84 and its two-hundred day simple moving average is $138.81. Crocs, Inc. has a 12 month low of $74.00 and a 12 month high of $165.32. 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 stock has a market capitalization of $8.60 billion, a P/E ratio of 10.96, a price-to-earnings-growth ratio of 1.44 and a beta of 2.00.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, August 1st. The textile maker reported $4.01 EPS for the quarter, topping 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 business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the firm posted $3.59 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. As a group, analysts predict that Crocs, Inc. will post 12.85 EPS for the current year.

Insider Activity

In related news, Director Douglas J. Treff sold 10,594 shares of the stock in a transaction on 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 of the company’s stock, valued at $10,756,404.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director John B. Replogle bought 1,996 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $123.96 per share, with a total value of $247,424.16. Following the transaction, the director now directly owns 7,064 shares of the company’s stock, valued at approximately $875,653.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas J. Treff sold 10,594 shares of the 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 completion of the transaction, the director now 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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

CROX has been the topic of several recent research reports. Piper Sandler reissued an “overweight” rating and set a $170.00 price objective on shares of Crocs in a report on Friday, August 23rd. Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and boosted their price target for the stock from $135.00 to $163.00 in a report on Thursday, August 22nd. Raymond James lowered shares of 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. UBS Group reduced their target price on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. Finally, Wedbush restated an “outperform” rating and issued a $170.00 price target on shares of Crocs in a research report on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $160.82.

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.