Kapitalo Investimentos Ltda Acquires New Position in Crocs, Inc. (NASDAQ:CROX)

Kapitalo Investimentos Ltda bought a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,823 shares of the textile maker’s stock, valued at approximately $264,000.

Other large investors have also modified their holdings of the company. Nordea Investment Management AB grew its holdings in Crocs by 17.0% during the first quarter. Nordea Investment Management AB now owns 51,189 shares of the textile maker’s stock worth $7,292,000 after acquiring an additional 7,448 shares during the period. Alaska Permanent Fund Corp increased its holdings in shares of Crocs by 282.2% in the 1st quarter. Alaska Permanent Fund Corp now owns 15,478 shares of the textile maker’s stock valued at $2,226,000 after purchasing an additional 11,428 shares in the last quarter. Boston Partners acquired a new stake in shares of Crocs in the first quarter valued at about $10,771,000. Global Assets Advisory LLC purchased a new stake in Crocs during the first quarter worth about $7,399,000. Finally, Russell Investments Group Ltd. grew its position in Crocs by 78.2% during the first quarter. Russell Investments Group Ltd. now owns 35,142 shares of the textile maker’s stock worth $5,053,000 after buying an additional 15,418 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CROX has been the topic of several research analyst reports. Williams Trading raised Crocs from a “hold” rating to a “buy” rating and boosted their price target for the stock from $135.00 to $163.00 in a research note on Thursday, August 22nd. Raymond James cut Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price target for the company. in a research report on Friday, August 2nd. Wedbush reiterated an “outperform” rating and issued a $170.00 price objective on shares of Crocs in a research report on Monday, July 29th. UBS Group dropped their target price on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a report on Tuesday, July 16th. Finally, Bank of America upped their price target on shares of Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Crocs has an average rating of “Moderate Buy” and an average target price of $162.58.

Insider Transactions at Crocs

In related news, Director Douglas J. Treff sold 10,594 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total value of $1,402,433.72. Following the completion of the sale, the director now directly owns 81,254 shares in the company, valued at approximately $10,756,404.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Crocs news, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total value of $1,402,433.72. Following the transaction, the director now owns 81,254 shares in the company, valued at $10,756,404.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John B. Replogle acquired 1,996 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of $123.96 per share, with a total value of $247,424.16. Following the completion of the acquisition, the director now owns 7,064 shares in the company, valued at approximately $875,653.44. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.72% of the company’s stock.

Crocs Trading Up 0.7 %

Shares of CROX opened at $140.45 on Wednesday. Crocs, Inc. has a fifty-two week low of $74.00 and a fifty-two week high of $165.32. The company has a market capitalization of $8.53 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 1.35 and a beta of 1.99. The stock has a fifty day moving average of $137.80 and a two-hundred day moving average of $138.73. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.50.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, August 1st. The textile maker reported $4.01 EPS for the quarter, beating the consensus estimate of $3.59 by $0.42. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the firm posted $3.59 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, analysts forecast that Crocs, Inc. will post 12.88 EPS for the current year.

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.