Northwestern Mutual Wealth Management Co. Decreases Position in Crocs, Inc. (NASDAQ:CROX)

Northwestern Mutual Wealth Management Co. cut its stake in Crocs, Inc. (NASDAQ:CROX) by 16.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,483 shares of the textile maker’s stock after selling 2,075 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Crocs were worth $1,530,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in shares of Crocs in the first quarter valued at approximately $25,000. GHP Investment Advisors Inc. grew its position in shares of Crocs by 375.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after buying an additional 180 shares in the last quarter. Blue Trust Inc. increased 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 valued at $144,000 after buying an additional 162 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Crocs by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock valued at $152,000 after acquiring an additional 85 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Crocs by 50.0% in the second quarter. GAMMA Investing LLC now owns 1,068 shares of the textile maker’s stock worth $156,000 after acquiring an additional 356 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CROX has been the topic of a number of research reports. Raymond James downgraded shares of Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 target price on the stock. in a research report on Friday, August 2nd. Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and lifted their price objective for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. KeyCorp upped their target price on Crocs from $149.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. Wedbush reaffirmed an “outperform” rating and set a $170.00 target price on shares of Crocs in a research report on Monday, July 29th. Finally, Barclays reduced their price target on Crocs from $169.00 to $164.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. 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 target price of $160.82.

Insider Activity at Crocs

In other Crocs news, Director Douglas J. Treff sold 10,594 shares of Crocs 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 sale, the director now owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Douglas J. Treff sold 10,594 shares of the stock in a transaction dated 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 transaction, the director now directly owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John B. Replogle bought 1,996 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average cost of $123.96 per share, with a total value of $247,424.16. Following the acquisition, the director now directly owns 7,064 shares of the company’s stock, valued at approximately $875,653.44. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is owned by insiders.

Crocs Trading Up 2.9 %

Shares of NASDAQ:CROX opened at $141.93 on Friday. The business’s 50-day moving average is $136.56 and its 200 day moving average is $138.90. 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 1 year low of $74.00 and a 1 year high of $165.32. The firm has a market capitalization of $8.62 billion, a P/E ratio of 10.99, a P/E/G ratio of 1.44 and a beta of 1.99.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted $3.59 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, research analysts predict that Crocs, Inc. will post 12.85 earnings per share for the current fiscal year.

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.