Atria Investments Inc Sells 311 Shares of Crocs, Inc. (NASDAQ:CROX)

Atria Investments Inc trimmed its position in shares of Crocs, Inc. (NASDAQ:CROX) by 13.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,987 shares of the textile maker’s stock after selling 311 shares during the period. Atria Investments Inc’s holdings in Crocs were worth $288,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CROX. Pacer Advisors Inc. boosted its position in shares of Crocs by 15.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,091,097 shares of the textile maker’s stock worth $159,235,000 after acquiring an additional 142,944 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Crocs by 1.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker’s stock valued at $131,634,000 after purchasing an additional 11,986 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Crocs by 12.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker’s stock worth $115,322,000 after buying an additional 89,610 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its position in shares of Crocs by 6.7% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 521,726 shares of the textile maker’s stock worth $76,141,000 after buying an additional 32,984 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Crocs by 7.3% in the second quarter. American Century Companies Inc. now owns 325,516 shares of the textile maker’s stock valued at $47,506,000 after buying an additional 22,069 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director John B. Replogle bought 2,240 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the transaction, the director now directly owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. The trade was a 31.71 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Susan L. Healy bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the purchase, the chief financial officer now owns 22,652 shares of the company’s stock, valued at $2,258,404.40. This represents a 4.62 % 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.

Wall Street Analyst Weigh In

CROX has been the subject of several research analyst reports. Robert W. Baird lowered their target price on Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Piper Sandler reissued an “overweight” rating and issued a $170.00 price objective on shares of Crocs in a research note on Friday, August 23rd. KeyCorp decreased their target price on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Barclays dropped their price target on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Finally, Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $135.00 to $163.00 in a research report on Thursday, August 22nd. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and an average price target of $148.80.

Crocs Stock Performance

Shares of CROX stock opened at $106.08 on Friday. The stock has a market capitalization of $6.18 billion, a PE ratio of 7.69, a PEG ratio of 0.99 and a beta of 2.01. The business’s 50 day simple moving average is $125.11 and its 200 day simple moving average is $135.74. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. Crocs, Inc. has a one year low of $85.71 and a one year high of $165.32.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the firm posted $3.25 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, research analysts forecast that Crocs, Inc. will post 12.93 earnings per share for the current year.

Crocs Company 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.