JB Capital LLC Trims Stock Position in Crocs, Inc. (NASDAQ:CROX)

JB Capital LLC lessened its position in Crocs, Inc. (NASDAQ:CROX) by 5.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,969 shares of the textile maker’s stock after selling 634 shares during the period. JB Capital LLC’s holdings in Crocs were worth $1,588,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Catalyst Capital Advisors LLC lifted its holdings in Crocs by 2,775.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock valued at $1,145,000 after purchasing an additional 7,633 shares in the last quarter. QRG Capital Management Inc. raised its stake in Crocs by 15.9% during the third quarter. QRG Capital Management Inc. now owns 2,213 shares of the textile maker’s stock worth $320,000 after acquiring an additional 303 shares during the period. IAG Wealth Partners LLC bought a new stake in Crocs in the third quarter valued at $796,000. Van ECK Associates Corp raised its position in Crocs by 40.0% in the third quarter. Van ECK Associates Corp now owns 36,618 shares of the textile maker’s stock worth $5,303,000 after acquiring an additional 10,463 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Crocs by 23.6% during the third quarter. Janney Montgomery Scott LLC now owns 21,189 shares of the textile maker’s stock valued at $3,068,000 after purchasing an additional 4,051 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and cut their price objective for the company from $150.00 to $110.00 in a research report on Thursday. Raymond James cut Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Guggenheim lowered their price objective on shares of Crocs from $182.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Barclays lowered their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, KeyCorp cut their price objective on Crocs from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Crocs presently has an average rating of “Moderate Buy” and a consensus target price of $151.14.

Insider Buying and Selling at Crocs

In related news, Director John B. Replogle bought 2,240 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was bought at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the purchase, the director now directly owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.72% of the stock is owned by insiders.

Crocs Stock Performance

Shares of Crocs stock traded up $1.76 on Thursday, hitting $104.50. 385,159 shares of the company’s stock were exchanged, compared to its average volume of 1,334,937. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. The stock has a market capitalization of $6.09 billion, a PE ratio of 7.45, a PEG ratio of 1.07 and a beta of 2.01. Crocs, Inc. has a 1 year low of $77.16 and a 1 year high of $165.32. The company has a 50-day simple moving average of $133.36 and a 200-day simple moving average of $137.91.

Crocs (NASDAQ:CROX) last released its earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. The firm 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 company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.25 earnings per share. As a group, equities analysts anticipate that Crocs, Inc. will post 12.93 EPS 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.