Crocs, Inc. (NASDAQ:CROX) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 204.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,598 shares of the textile maker's stock after purchasing an additional 17,183 shares during the quarter. Cerity Partners LLC's holdings in Crocs were worth $2,719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its stake in shares of Crocs by 28.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 16,004 shares of the textile maker's stock valued at $1,753,000 after buying an additional 3,517 shares in the last quarter. Boston Partners lifted its stake in shares of Crocs by 24.8% during the 4th quarter. Boston Partners now owns 59,808 shares of the textile maker's stock valued at $6,548,000 after buying an additional 11,889 shares in the last quarter. Xponance Inc. lifted its stake in shares of Crocs by 5.5% during the 4th quarter. Xponance Inc. now owns 9,372 shares of the textile maker's stock valued at $1,027,000 after buying an additional 492 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its stake in shares of Crocs by 6,686.2% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,968 shares of the textile maker's stock valued at $215,000 after buying an additional 1,939 shares in the last quarter. Finally, HUB Investment Partners LLC lifted its stake in shares of Crocs by 17.3% during the 4th quarter. HUB Investment Partners LLC now owns 1,879 shares of the textile maker's stock valued at $206,000 after buying an additional 277 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Stock Performance

CROX stock traded down $1.45 during trading on Friday, reaching $105.18. The company had a trading volume of 874,853 shares, compared to its average volume of 1,514,975. The firm has a 50-day simple moving average of $105.48 and a 200-day simple moving average of $102.89. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 6.44, a price-to-earnings-growth ratio of 2.17 and a beta of 1.38. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 1.52. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $151.13.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.51 by $0.49. Crocs had a net margin of 23.35% and a return on equity of 43.07%. The company had revenue of $937.33 million during the quarter, compared to analyst estimates of $907.07 million. During the same period last year, the firm posted $3.02 EPS. Crocs's revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current year.

Insider Buying and Selling at Crocs

In related news, Director Ian Bickley sold 3,044 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $115.89, for a total value of $352,769.16. Following the completion of the sale, the director owned 27,505 shares of the company's stock, valued at approximately $3,187,554.45. The trade was a 9.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CROX shares. Loop Capital increased their target price on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Barclays dropped their target price on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. The Goldman Sachs Group began coverage on shares of Crocs in a research report on Wednesday, July 2nd. They issued a "sell" rating and a $88.00 target price for the company. Piper Sandler dropped their target price on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Needham & Company LLC raised their target price on shares of Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Crocs currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.13.

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.