Versor Investments LP Takes $405,000 Position in Crocs, Inc. (NASDAQ:CROX)

Versor Investments LP bought a new stake in Crocs, Inc. (NASDAQ:CROX) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,800 shares of the textile maker’s stock, valued at approximately $405,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. boosted its position in shares of Crocs by 375.0% in the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after buying an additional 180 shares during the period. Financial Management Professionals Inc. boosted its position in shares of Crocs by 11,200.0% in the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after buying an additional 224 shares during the period. UMB Bank n.a. boosted its position in shares of Crocs by 64.9% in the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after buying an additional 120 shares during the period. V Square Quantitative Management LLC boosted its position in shares of Crocs by 83.0% in the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after buying an additional 142 shares during the period. Finally, Blue Trust Inc. boosted its position 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 worth $144,000 after buying an additional 162 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Transactions at Crocs

In other Crocs news, CFO Susan L. Healy bought 1,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the transaction, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. The trade was a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John B. Replogle bought 2,240 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 9,304 shares in the company, valued at $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. Insiders own 2.72% of the company’s stock.

Crocs Trading Up 0.9 %

NASDAQ:CROX opened at $99.86 on Friday. 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’s 50 day moving average is $128.45 and its two-hundred day moving average is $136.81. The company has a market cap of $5.82 billion, a PE ratio of 7.24, a P/E/G ratio of 1.03 and a beta of 2.01. Crocs, Inc. has a 52 week low of $85.71 and a 52 week high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results 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. 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 quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.25 EPS. On average, analysts predict that Crocs, Inc. will post 12.93 EPS for the current year.

Wall Street Analyst Weigh In

CROX has been the subject of several analyst reports. Monness Crespi & Hardt decreased their target price on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. KeyCorp reduced their price target on Crocs from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Guggenheim reduced their price target on Crocs from $182.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. UBS Group reduced their price target on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Crocs has an average rating of “Moderate Buy” and an average 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.