Crossmark Global Holdings Inc. Acquires 5,727 Shares of Crocs, Inc. (NASDAQ:CROX)

Crossmark Global Holdings Inc. boosted its stake in Crocs, Inc. (NASDAQ:CROX) by 14.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,919 shares of the textile maker’s stock after acquiring an additional 5,727 shares during the period. Crossmark Global Holdings Inc. owned 0.08% of Crocs worth $5,030,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of Crocs by 4.8% during the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock valued at $1,289,908,000 after purchasing an additional 406,287 shares in the last quarter. State Street Corp boosted its position in Crocs by 0.7% during the 3rd quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock valued at $262,467,000 after acquiring an additional 13,467 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Crocs by 33.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,459,654 shares of the textile maker’s stock worth $211,372,000 after acquiring an additional 368,557 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Crocs by 12.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker’s stock worth $115,322,000 after acquiring an additional 89,610 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Crocs in the 2nd quarter valued at approximately $19,598,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Crocs news, Director John B. Replogle bought 2,240 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average price of $112.60 per share, with a total value of $252,224.00. Following the purchase, the director now owns 9,304 shares of the company’s stock, valued at $1,047,630.40. This trade represents a 31.71 % increase in their ownership of the stock. The transaction 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 company’s stock in a transaction on Wednesday, November 13th. The stock was acquired at an average price of $99.70 per share, with a total value of $99,700.00. Following the completion of the purchase, the chief financial officer now directly owns 22,652 shares in the company, 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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group decreased their price objective on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Raymond James cut shares of Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. KeyCorp cut their price objective on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Barclays lowered their target price on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, Monness Crespi & Hardt cut their price target on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research note 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 has an average rating of “Moderate Buy” and a consensus price target of $148.80.

Crocs Stock Up 3.3 %

NASDAQ CROX opened at $103.30 on Wednesday. The stock’s 50-day moving average price is $107.38 and its 200-day moving average price is $123.69. The company has a market capitalization of $6.02 billion, a P/E ratio of 7.49, a price-to-earnings-growth ratio of 1.74 and a beta of 1.95. Crocs, Inc. has a 52 week low of $94.50 and a 52 week high of $165.32. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.50. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.25 earnings per share. On average, equities research analysts predict 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.