Clark Estates Inc. NY Sells 7,240 Shares of Crocs, Inc. (NASDAQ:CROX)

Clark Estates Inc. NY trimmed its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 27.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,960 shares of the textile maker's stock after selling 7,240 shares during the period. Clark Estates Inc. NY's holdings in Crocs were worth $2,014,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CROX. Banque Cantonale Vaudoise bought a new position in shares of Crocs during the first quarter valued at approximately $168,000. HB Wealth Management LLC acquired a new position in Crocs during the 1st quarter valued at approximately $202,000. Assetmark Inc. grew its stake in Crocs by 5.6% during the 1st quarter. Assetmark Inc. now owns 5,925 shares of the textile maker's stock worth $629,000 after buying an additional 314 shares during the last quarter. Cetera Investment Advisers increased its position in Crocs by 7.8% in the first quarter. Cetera Investment Advisers now owns 21,299 shares of the textile maker's stock worth $2,262,000 after buying an additional 1,549 shares during the period. Finally, Wedbush Securities Inc. lifted its stake in Crocs by 5.5% in the first quarter. Wedbush Securities Inc. now owns 2,591 shares of the textile maker's stock valued at $275,000 after buying an additional 135 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CROX has been the topic of a number of analyst reports. Piper Sandler dropped their price objective on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group lowered their target price on Crocs from $88.00 to $87.00 and set a "sell" rating on the stock in a research report on Tuesday, July 22nd. Stifel Nicolaus decreased their price target on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Needham & Company LLC increased their target price on shares of Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Barclays dropped their price target on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $131.00.

Crocs Trading Down 2.4%

NASDAQ CROX traded down $2.50 on Thursday, hitting $99.73. 1,680,559 shares of the stock were exchanged, compared to its average volume of 997,623. The company's 50-day moving average price is $103.74 and its two-hundred day moving average price is $102.68. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.52 and a quick ratio of 0.97. Crocs, Inc. has a 52-week low of $86.11 and a 52-week high of $151.13. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 6.11, a P/E/G ratio of 2.11 and a beta of 1.38.

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

Insider Activity

In related news, Director Ian Bickley sold 3,044 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $115.89, for a total transaction of $352,769.16. Following the completion of the sale, the director directly owned 27,505 shares in the company, valued at approximately $3,187,554.45. This trade represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is owned by company 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.