Loomis Sayles & Co. L P Sells 4,682 Shares of Crocs, Inc. (NASDAQ:CROX)

Loomis Sayles & Co. L P lowered its stake in Crocs, Inc. (NASDAQ:CROX) by 3.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 122,020 shares of the textile maker’s stock after selling 4,682 shares during the quarter. Loomis Sayles & Co. L P owned 0.21% of Crocs worth $17,670,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CROX. Pacer Advisors Inc. grew its holdings in shares of Crocs by 33.8% in the third quarter. Pacer Advisors Inc. now owns 1,459,654 shares of the textile maker’s stock worth $211,372,000 after acquiring an additional 368,557 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Crocs by 1.3% during the 2nd 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 during the period. 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 valued at $115,322,000 after purchasing an additional 89,610 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its stake in shares of Crocs by 6.7% in 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 period. Finally, American Century Companies Inc. grew its position in Crocs by 7.3% during the second quarter. American Century Companies Inc. now owns 325,516 shares of the textile maker’s stock valued at $47,506,000 after buying an additional 22,069 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CROX has been the topic of several recent research reports. KeyCorp dropped their price target 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. Piper Sandler restated an “overweight” rating and issued a $170.00 price target on shares of Crocs in a research report on Friday, August 23rd. Loop Capital downgraded Crocs from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. Needham & Company LLC initiated coverage on shares of Crocs in a report on Friday, November 22nd. They issued a “buy” rating and a $116.00 target price for the company. Finally, Barclays lowered their price target on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.80.

Crocs Trading Down 4.1 %

Shares of Crocs stock opened at $104.06 on Wednesday. Crocs, Inc. has a twelve month low of $85.71 and a twelve month high of $165.32. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average price of $124.58 and a 200-day moving average price of $135.52. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 1.07 and a beta of 2.01.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.50. The business had revenue of $1.06 billion during 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 firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.25 EPS. Equities research analysts anticipate that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

Insider Buying and Selling

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

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.