North Growth Management Ltd. Has $12.54 Million Holdings in Crocs, Inc. (NASDAQ:CROX)

North Growth Management Ltd. raised its position in Crocs, Inc. (NASDAQ:CROX) by 1.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 87,000 shares of the textile maker’s stock after purchasing an additional 1,000 shares during the period. Crocs makes up 2.4% of North Growth Management Ltd.’s investment portfolio, making the stock its 15th biggest holding. North Growth Management Ltd.’s holdings in Crocs were worth $12,543,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Crocs by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 5,572,643 shares of the textile maker’s stock worth $801,346,000 after buying an additional 76,460 shares during the last quarter. Pacer Advisors Inc. boosted its position in Crocs by 15.1% during the second quarter. Pacer Advisors Inc. now owns 1,091,097 shares of the textile maker’s stock valued at $159,235,000 after purchasing an additional 142,944 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Crocs by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker’s stock valued at $131,634,000 after purchasing an additional 11,986 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Crocs by 12.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker’s stock worth $115,322,000 after purchasing an additional 89,610 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its position in shares of Crocs by 6.7% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 521,726 shares of the textile maker’s stock worth $76,141,000 after purchasing an additional 32,984 shares during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Crocs

In related news, Director John B. Replogle purchased 2,240 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the transaction, the director now owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wedbush reissued an “outperform” rating and issued a $170.00 target price on shares of Crocs in a research note on Monday, July 29th. Williams Trading upgraded shares of Crocs from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $135.00 to $163.00 in a research note on Thursday, August 22nd. Loop Capital downgraded shares of Crocs from a “buy” rating to a “hold” rating and cut their target price for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. Monness Crespi & Hardt lowered their price target on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Piper Sandler restated an “overweight” rating and issued a $170.00 price objective on shares of Crocs in a research note on Friday, August 23rd. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $151.14.

Crocs Trading Up 1.5 %

CROX stock opened at $102.85 on Tuesday. Crocs, Inc. has a 52 week low of $77.16 and a 52 week high of $165.32. The company has a market capitalization of $5.99 billion, a PE ratio of 7.46, a price-to-earnings-growth ratio of 1.02 and a beta of 2.01. The company’s 50-day simple moving average is $130.72 and its 200 day simple moving average is $137.51. 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 (NASDAQ:CROX) last announced its earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping the consensus estimate of $3.10 by $0.50. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $3.25 earnings per share. As a group, sell-side analysts anticipate that Crocs, Inc. will post 12.93 earnings per share 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.