Creative Planning Grows Holdings in Crocs, Inc. (NASDAQ:CROX)

Creative Planning increased its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 13.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,006 shares of the textile maker’s stock after purchasing an additional 582 shares during the period. Creative Planning’s holdings in Crocs were worth $731,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Rise Advisors LLC purchased a new position in shares of Crocs during the 1st quarter worth approximately $25,000. GHP Investment Advisors Inc. boosted 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 purchasing an additional 180 shares during the period. Blue Trust Inc. boosted its position in shares of Crocs by 19.3% during the 2nd 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. Nisa Investment Advisors LLC boosted its position in shares of Crocs by 8.9% during the 2nd 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. Finally, GAMMA Investing LLC boosted its position 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 worth $156,000 after purchasing an additional 356 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Transactions at Crocs

In related news, Director John B. Replogle acquired 1,996 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were purchased 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 owns 7,064 shares in the company, valued at approximately $875,653.44. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Douglas J. Treff sold 10,594 shares of the business’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John B. Replogle purchased 1,996 shares of Crocs stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of $123.96 per share, for a total transaction 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 represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

Analyst Ratings Changes

CROX has been the subject of several recent research reports. Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and raised their price target for the company from $135.00 to $163.00 in a research report on Thursday, August 22nd. KeyCorp raised their price target on shares of Crocs from $149.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, September 26th. Piper Sandler reissued an “overweight” rating and issued a $170.00 price target on shares of Crocs in a research report on Friday, August 23rd. Wedbush reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Crocs in a research report on Monday, July 29th. Finally, Barclays decreased their price objective on shares of Crocs from $169.00 to $164.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.58.

Crocs Trading Up 2.1 %

Shares of Crocs stock opened at $139.55 on Friday. Crocs, Inc. has a 52-week low of $74.00 and a 52-week high of $165.32. The company has a quick ratio of 0.95, a current ratio of 1.50 and a debt-to-equity ratio of 0.93. The company’s 50-day simple moving average is $137.16 and its 200-day simple moving average is $138.81. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 1.35 and a beta of 1.99.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business posted $3.59 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Crocs, Inc. will post 12.88 earnings per share for the current 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.