Crocs, Inc. (NASDAQ:CROX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in Crocs, Inc. (NASDAQ:CROX) by 35.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 580,565 shares of the textile maker’s stock after selling 321,408 shares during the period. Thrivent Financial for Lutherans’ holdings in Crocs were worth $84,071,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. raised its holdings in shares of Crocs by 55.8% during the third quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock worth $5,820,000 after purchasing an additional 14,387 shares during the last quarter. Catalyst Capital Advisors LLC raised its stake in shares of Crocs by 2,775.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock valued at $1,145,000 after buying an additional 7,633 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of Crocs in the 3rd quarter valued at about $2,024,000. International Assets Investment Management LLC purchased a new stake in shares of Crocs in the third quarter worth about $2,076,000. Finally, Boston Partners purchased a new stake in shares of Crocs in the first quarter worth about $10,771,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Crocs Trading Down 2.1 %

Shares of Crocs stock opened at $97.78 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $127.81 and its 200-day simple moving average is $136.78. The stock has a market cap of $5.70 billion, a P/E ratio of 7.09, a P/E/G ratio of 0.99 and a beta of 2.01. Crocs, Inc. has a 1-year low of $85.71 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the company posted $3.25 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts predict that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Williams Trading raised Crocs from a “hold” rating to a “buy” rating and boosted their price target for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. Robert W. Baird decreased their target price on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Wedbush restated an “outperform” rating and set a $170.00 price target on shares of Crocs in a research report on Monday, July 29th. Guggenheim decreased their price objective on shares of Crocs from $182.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Barclays dropped their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.14.

About Crocs

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.