Qsemble Capital Management LP Purchases 13,541 Shares of Crocs, Inc. (NASDAQ:CROX)

Qsemble Capital Management LP boosted its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 171.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,441 shares of the textile maker's stock after purchasing an additional 13,541 shares during the period. Qsemble Capital Management LP's holdings in Crocs were worth $2,003,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its holdings in shares of Crocs by 6.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 22,023 shares of the textile maker's stock worth $1,943,000 after purchasing an additional 1,241 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in Crocs by 512.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 27,020 shares of the textile maker's stock worth $2,384,000 after buying an additional 22,605 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Crocs by 37.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 19,987 shares of the textile maker's stock worth $1,763,000 after acquiring an additional 5,470 shares in the last quarter. Strs Ohio increased its position in shares of Crocs by 6.6% in the third quarter. Strs Ohio now owns 8,421 shares of the textile maker's stock worth $742,000 after acquiring an additional 518 shares in the last quarter. Finally, Financial Advocates Investment Management acquired a new position in shares of Crocs during the 3rd quarter valued at $277,000. Institutional investors and hedge funds own 93.44% of the company's stock.

Insider Activity

In related news, EVP Daniel P. Hart sold 10,000 shares of the firm's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $118.48, for a total transaction of $1,184,800.00. Following the transaction, the executive vice president now directly owns 219,293 shares in the company, valued at $25,981,834.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Crocs news, EVP Daniel P. Hart sold 10,000 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $118.48, for a total value of $1,184,800.00. Following the transaction, the executive vice president now owns 219,293 shares of the company's stock, valued at $25,981,834.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ian Bickley sold 16,785 shares of Crocs stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $120.05, for a total value of $2,015,039.25. Following the completion of the transaction, the director now owns 31,815 shares of the company's stock, valued at $3,819,390.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,867 shares of company stock worth $4,786,276. 2.72% of the stock is currently owned by insiders.

Crocs Stock Up 2.6 %

Shares of CROX traded up $3.57 during midday trading on Friday, hitting $143.27. The company had a trading volume of 1,711,934 shares, compared to its average volume of 1,274,164. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.63 and a beta of 2.03. The company's 50 day moving average price is $130.53 and its 200 day moving average price is $110.93. The company has a quick ratio of 0.75, a current ratio of 1.76 and a debt-to-equity ratio of 1.08. Crocs, Inc. has a 52 week low of $74.00 and a 52 week high of $146.79.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The textile maker reported $3.02 EPS for the quarter, topping analysts' consensus estimates of $2.25 by $0.77. Crocs had a return on equity of 56.33% and a net margin of 19.80%. The business had revenue of $938.60 million during the quarter, compared to the consensus estimate of $884.29 million. During the same period last year, the firm earned $2.61 earnings per share. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities research analysts predict that Crocs, Inc. will post 12.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on CROX shares. Wedbush reissued an "outperform" rating and issued a $154.00 price objective on shares of Crocs in a research report on Friday, May 3rd. Stifel Nicolaus boosted their price target on Crocs from $140.00 to $158.00 and gave the stock a "buy" rating in a research report on Wednesday. Piper Sandler increased their price objective on shares of Crocs from $135.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, February 16th. Monness Crespi & Hardt boosted their target price on shares of Crocs from $140.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, UBS Group raised their price target on shares of Crocs from $124.00 to $148.00 and gave the company a "neutral" rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Crocs presently has a consensus rating of "Moderate Buy" and a consensus price target of $150.42.

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.