Natixis Advisors LLC Purchases 1,783 Shares of Crocs, Inc. (NASDAQ:CROX)

Natixis Advisors LLC lifted its position in Crocs, Inc. (NASDAQ:CROX) by 17.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,221 shares of the textile maker’s stock after buying an additional 1,783 shares during the period. Natixis Advisors LLC’s holdings in Crocs were worth $1,770,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CROX. Davis Investment Partners LLC lifted its position in Crocs by 0.8% in the 3rd quarter. Davis Investment Partners LLC now owns 9,673 shares of the textile maker’s stock valued at $1,362,000 after acquiring an additional 77 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Crocs by 8.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 85 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in shares of Crocs by 8.0% during the third quarter. Central Pacific Bank Trust Division now owns 1,350 shares of the textile maker’s stock valued at $195,000 after buying an additional 100 shares during the last quarter. 180 Wealth Advisors LLC increased its holdings in Crocs by 1.6% in the 2nd quarter. 180 Wealth Advisors LLC now owns 7,248 shares of the textile maker’s stock worth $1,036,000 after buying an additional 111 shares in the last quarter. Finally, Covestor Ltd raised its position in Crocs by 10.3% in the 3rd quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock worth $178,000 after buying an additional 114 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Insider Activity

In related news, Director John B. Replogle bought 2,240 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was 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 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Susan L. Healy purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was bought at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the purchase, the chief financial officer now owns 22,652 shares in the company, valued at approximately $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.

Crocs Trading Up 2.3 %

Crocs stock opened at $108.53 on Tuesday. Crocs, Inc. has a 12-month low of $85.71 and a 12-month high of $165.32. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 7.87, a P/E/G ratio of 1.07 and a beta of 2.01. The firm has a 50 day moving average of $124.58 and a 200 day moving average of $135.52. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company posted $3.25 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, research analysts predict that Crocs, Inc. will post 12.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on CROX shares. Piper Sandler reiterated an “overweight” rating and issued a $170.00 price target on shares of Crocs in a research note on Friday, August 23rd. KeyCorp cut their target price on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Williams Trading raised Crocs from a “hold” rating to a “buy” rating and increased their price target for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Finally, Needham & Company LLC began coverage on Crocs in a research report on Friday. They set a “buy” rating and a $116.00 price objective for the company. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $148.80.

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.