Riverwater Partners LLC Grows Position in Crocs, Inc. (NASDAQ:CROX)

Riverwater Partners LLC grew its position in shares of Crocs, Inc. (NASDAQ:CROX) by 86.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,797 shares of the textile maker’s stock after purchasing an additional 9,168 shares during the quarter. Crocs makes up about 1.4% of Riverwater Partners LLC’s portfolio, making the stock its 12th biggest holding. Riverwater Partners LLC’s holdings in Crocs were worth $2,787,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CROX. Signet Financial Management LLC purchased a new position in Crocs during the first quarter valued at $201,000. Asio Capital LLC raised its position in Crocs by 0.7% in the first quarter. Asio Capital LLC now owns 45,900 shares of the textile maker’s stock valued at $6,600,000 after purchasing an additional 307 shares during the period. Oliver Luxxe Assets LLC acquired a new position in shares of Crocs in the 1st quarter valued at $1,087,000. State of Michigan Retirement System grew its holdings in shares of Crocs by 2.1% during the 1st quarter. State of Michigan Retirement System now owns 14,838 shares of the textile maker’s stock worth $2,134,000 after purchasing an additional 300 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in Crocs by 39.1% in the 1st quarter. State of Alaska Department of Revenue now owns 9,103 shares of the textile maker’s stock valued at $1,308,000 after buying an additional 2,558 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Crocs

In other news, Director Douglas J. Treff sold 10,594 shares of the firm’s 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 of the company’s stock, valued at approximately $10,756,404.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Douglas J. Treff sold 10,594 shares of the firm’s stock in a transaction dated 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 directly owns 81,254 shares in the company, valued at approximately $10,756,404.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John B. Replogle bought 1,996 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was bought at an average cost of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the transaction, the director now directly owns 7,064 shares of the company’s stock, valued at $875,653.44. This trade represents 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.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CROX. KeyCorp upped their price objective on shares of Crocs from $149.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. Piper Sandler reissued an “overweight” rating and set a $170.00 target price on shares of Crocs in a research note on Friday, August 23rd. Barclays lowered their price objective on shares of Crocs from $169.00 to $164.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. StockNews.com raised shares of Crocs from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, Raymond James lowered Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 target price for the company. in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $162.58.

Crocs Trading Down 0.8 %

NASDAQ CROX opened at $131.29 on Thursday. The stock has a market capitalization of $7.97 billion, a P/E ratio of 10.16, a P/E/G ratio of 1.35 and a beta of 1.99. Crocs, Inc. has a 52-week low of $74.00 and a 52-week high of $165.32. The firm has a 50-day moving average price of $138.37 and a 200 day moving average price of $138.60. The company has a quick ratio of 0.95, a current ratio of 1.50 and a debt-to-equity ratio of 0.93.

Crocs (NASDAQ:CROX) last released its quarterly 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 net margin of 20.02% and a return on equity of 53.20%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business earned $3.59 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Equities research analysts expect that Crocs, Inc. will post 12.88 EPS 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.