Natixis Advisors LLC Raises Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Natixis Advisors LLC lifted its holdings in Crocs, Inc. (NASDAQ:CROX) by 17.1% in the third quarter, HoldingsChannel reports. The firm owned 12,221 shares of the textile maker’s stock after purchasing an additional 1,783 shares during the quarter. Natixis Advisors LLC’s holdings in Crocs were worth $1,770,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Crossmark Global Holdings Inc. grew its stake in shares of Crocs by 55.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock worth $5,820,000 after buying an additional 14,387 shares in the last quarter. Catalyst Capital Advisors LLC increased its stake in Crocs by 2,775.6% during the third quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock worth $1,145,000 after acquiring an additional 7,633 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Crocs during the third quarter valued at approximately $2,024,000. International Assets Investment Management LLC bought a new stake in shares of Crocs in the 3rd quarter valued at approximately $2,076,000. Finally, Boston Partners purchased a new position in shares of Crocs in the 1st quarter worth approximately $10,771,000. Institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of analysts recently issued reports on CROX shares. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Robert W. Baird dropped their price target 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. Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and increased their price objective for the stock from $135.00 to $163.00 in a research report on Thursday, August 22nd. UBS Group dropped their target price on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $170.00 price target on shares of Crocs in a report on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Crocs currently has an average rating of “Moderate Buy” and a consensus price target of $148.80.

Crocs Stock Performance

Shares of Crocs stock opened at $108.53 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The stock’s fifty day moving average price is $124.58 and its 200-day moving average price is $135.52. The firm has a market cap of $6.33 billion, a P/E ratio of 7.87, a P/E/G ratio of 1.07 and a beta of 2.01. Crocs, Inc. has a 12 month low of $85.71 and a 12 month high of $165.32.

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

Crocs 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.