State Street Corp Has $262.47 Million Holdings in Crocs, Inc. (NASDAQ:CROX)

State Street Corp lifted its holdings in Crocs, Inc. (NASDAQ:CROX) by 0.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,812,493 shares of the textile maker’s stock after acquiring an additional 13,467 shares during the quarter. State Street Corp’s holdings in Crocs were worth $262,467,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CROX. SG Americas Securities LLC acquired a new position in shares of Crocs in the second quarter valued at about $386,000. Blue Trust Inc. grew its stake in shares of Crocs by 19.3% in the second quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock valued at $144,000 after acquiring an additional 162 shares in the last quarter. Foster Victor Wealth Advisors LLC grew its stake in Crocs by 0.4% during the second quarter. Foster Victor Wealth Advisors LLC now owns 55,698 shares of the textile maker’s stock worth $7,580,000 after buying an additional 219 shares in the last quarter. Davis Investment Partners LLC grew its stake in Crocs by 23.9% during the second quarter. Davis Investment Partners LLC now owns 9,596 shares of the textile maker’s stock worth $1,336,000 after buying an additional 1,850 shares in the last quarter. Finally, Raymond James & Associates grew its stake in Crocs by 4.7% during the second quarter. Raymond James & Associates now owns 92,609 shares of the textile maker’s stock worth $13,515,000 after buying an additional 4,188 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Stock Up 0.8 %

Shares of NASDAQ CROX opened at $111.44 on Wednesday. The company has a 50 day simple moving average of $117.21 and a 200 day simple moving average of $132.85. The firm has a market cap of $6.49 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of 1.11 and a beta of 1.98. Crocs, Inc. has a 1 year low of $85.71 and a 1 year high of $165.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $3.25 EPS. On average, research analysts forecast that Crocs, Inc. will post 12.93 EPS for the current year.

Insider Activity at Crocs

In other news, CFO Susan L. Healy purchased 1,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was purchased at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the acquisition, the chief financial officer now owns 22,652 shares in the company, valued at $2,258,404.40. This trade represents a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John B. Replogle purchased 2,240 shares of the stock in a transaction on Wednesday, October 30th. The shares were purchased at an average price of $112.60 per share, with a total value of $252,224.00. Following the acquisition, the director now owns 9,304 shares in the company, valued at approximately $1,047,630.40. The trade was a 31.71 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CROX. Loop Capital downgraded shares of Crocs from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. Piper Sandler reiterated an “overweight” rating and set a $170.00 price objective on shares of Crocs in a research note on Friday, August 23rd. Raymond James downgraded shares of Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. KeyCorp reduced their price objective on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Finally, Needham & Company LLC assumed coverage on shares of Crocs in a research note on Friday, November 22nd. They set a “buy” rating and a $116.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.80.

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.