Wilmington Savings Fund Society FSB Purchases New Position in Crocs, Inc. (NASDAQ:CROX)

Wilmington Savings Fund Society FSB acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 504 shares of the textile maker’s stock, valued at approximately $73,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its position in shares of Crocs by 4.8% during the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock valued at $1,289,908,000 after purchasing an additional 406,287 shares during the last quarter. Pacer Advisors Inc. increased its position in Crocs by 33.8% during the third quarter. Pacer Advisors Inc. now owns 1,459,654 shares of the textile maker’s stock valued at $211,372,000 after acquiring an additional 368,557 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Crocs by 8,437.1% in the second quarter. National Bank of Canada FI now owns 182,695 shares of the textile maker’s stock valued at $26,993,000 after acquiring an additional 180,555 shares during the period. Marshall Wace LLP bought a new stake in shares of Crocs in the 2nd quarter worth about $19,598,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Crocs during the 3rd quarter worth about $17,122,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Crocs

In other news, CFO Susan L. Healy purchased 1,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were acquired at an average cost of $99.70 per share, with a total value of $99,700.00. Following the completion of the acquisition, the chief financial officer now owns 22,652 shares of the company’s stock, 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 SEC, which can be accessed through the SEC website. Also, Director John B. Replogle acquired 2,240 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were acquired 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 insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CROX shares. Monness Crespi & Hardt reduced their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Loop Capital downgraded Crocs from a “buy” rating to a “hold” rating and reduced their price target for the stock from $150.00 to $110.00 in a report on Thursday, November 7th. KeyCorp cut their price objective on Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. UBS Group reduced their target price on Crocs from $146.00 to $122.00 and set a “neutral” 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 target price for the company. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $148.80.

Crocs Price Performance

NASDAQ CROX opened at $111.86 on Friday. The company has a market cap of $6.52 billion, a PE ratio of 8.11, a P/E/G ratio of 1.14 and a beta of 1.98. The firm’s 50 day moving average price is $113.34 and its 200-day moving average price is $131.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. Crocs, Inc. has a 52-week low of $85.71 and a 52-week high of $165.32.

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