Victory Capital Management Inc. Has $3.03 Million Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Victory Capital Management Inc. raised its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 40.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,907 shares of the textile maker’s stock after purchasing an additional 5,995 shares during the quarter. Victory Capital Management Inc.’s holdings in Crocs were worth $3,028,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CROX. Financial Management Professionals Inc. lifted its holdings in shares of Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after buying an additional 224 shares in the last quarter. GHP Investment Advisors Inc. lifted its holdings in shares of Crocs by 375.0% during the second 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. UMB Bank n.a. lifted its holdings in shares of Crocs by 64.9% during the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after buying an additional 120 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after buying an additional 142 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings 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 in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Stock Performance

NASDAQ:CROX opened at $106.08 on Friday. The stock has a market cap of $6.18 billion, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 1.03 and a beta of 2.01. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The stock’s 50-day moving average is $125.11 and its 200-day moving average is $135.74. Crocs, Inc. has a 1-year low of $85.71 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.50. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.25 earnings per share. Equities research analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on CROX shares. Robert W. Baird decreased their price target on Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Monness Crespi & Hardt decreased their price target on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and raised their price target for the stock from $135.00 to $163.00 in a research report on Thursday, August 22nd. Raymond James cut Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Finally, Guggenheim decreased their target price on Crocs from $182.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and a consensus target price of $148.80.

Insider Buying and Selling

In related news, Director John B. Replogle acquired 2,240 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average cost of $112.60 per share, with a total value of $252,224.00. Following the completion of the purchase, the director now directly owns 9,304 shares in the company, valued at $1,047,630.40. The trade was a 31.71 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Susan L. Healy acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was 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 trade represents a 4.62 % 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 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.