Citigroup Inc. Sells 273,576 Shares of Crocs, Inc. (NASDAQ:CROX)

Citigroup Inc. lowered its position in Crocs, Inc. (NASDAQ:CROX) by 72.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,952 shares of the textile maker’s stock after selling 273,576 shares during the period. Citigroup Inc. owned about 0.18% of Crocs worth $15,053,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. increased its position 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 valued at $5,820,000 after buying an additional 14,387 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of Crocs by 585.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock valued at $3,526,000 after buying an additional 20,797 shares in the last quarter. Catalyst Capital Advisors LLC boosted its stake in Crocs by 2,775.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock worth $1,145,000 after purchasing an additional 7,633 shares during the period. Aigen Investment Management LP acquired a new position in Crocs in the 3rd quarter worth $2,024,000. Finally, International Assets Investment Management LLC acquired a new position in Crocs in the 3rd quarter worth $2,076,000. Institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling at Crocs

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on CROX shares. Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and upped their target price for the stock from $135.00 to $163.00 in a research note on Thursday, August 22nd. Monness Crespi & Hardt reduced their target price on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Guggenheim reduced their target price on shares of Crocs from $182.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Needham & Company LLC began coverage on shares of Crocs in a research note on Friday, November 22nd. They set a “buy” rating and a $116.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Crocs presently has a consensus rating of “Moderate Buy” and an average target price of $148.80.

Crocs Trading Up 1.5 %

Shares of NASDAQ:CROX opened at $105.60 on Thursday. Crocs, Inc. has a 52-week low of $85.71 and a 52-week high of $165.32. The company has a market capitalization of $6.15 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 1.10 and a beta of 2.01. The company has a 50-day simple moving average of $123.89 and a 200 day simple moving average of $135.24. 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 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 firm 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 was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.25 EPS. Sell-side analysts forecast that Crocs, Inc. will post 12.93 earnings per share for the current year.

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.