Great Valley Advisor Group Inc. Sells 296 Shares of Crocs, Inc. (NASDAQ:CROX)

Great Valley Advisor Group Inc. trimmed its position in shares of Crocs, Inc. (NASDAQ:CROX) by 12.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,041 shares of the textile maker’s stock after selling 296 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Crocs were worth $296,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CROX. Bayesian Capital Management LP bought a new position in shares of Crocs during the first quarter worth $212,000. Kennedy Capital Management LLC bought a new position in shares of Crocs during the first quarter worth $2,103,000. Janus Henderson Group PLC boosted its position in shares of Crocs by 0.5% during the first quarter. Janus Henderson Group PLC now owns 33,381 shares of the textile maker’s stock worth $4,798,000 after purchasing an additional 173 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of Crocs by 8.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,456 shares of the textile maker’s stock worth $497,000 after purchasing an additional 280 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in shares of Crocs by 145.8% during the first quarter. Tidal Investments LLC now owns 18,194 shares of the textile maker’s stock worth $2,616,000 after purchasing an additional 10,791 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Insider Transactions at Crocs

In other news, Director John B. Replogle bought 2,240 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were bought at an average price 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 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 filing with the SEC, which is accessible through the SEC website. Also, CFO Susan L. Healy purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average cost of $99.70 per share, with a total value of $99,700.00. Following the completion of the acquisition, the chief financial officer now owns 22,652 shares in the company, valued at $2,258,404.40. The trade was a 4.62 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Barclays reduced their price target on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. KeyCorp cut their price objective on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Guggenheim cut their price objective on shares of Crocs from $182.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and boosted their price objective for the company from $135.00 to $163.00 in a research report on Thursday, August 22nd. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Crocs currently has a consensus rating of “Moderate Buy” and an average target price of $148.80.

Crocs Stock Up 1.5 %

Crocs stock opened at $105.60 on Thursday. The firm has a market capitalization of $6.15 billion, a PE ratio of 7.66, a P/E/G ratio of 1.10 and a beta of 2.01. The company’s 50-day moving average is $123.89 and its 200-day moving average is $135.24. Crocs, Inc. has a fifty-two week low of $85.71 and a fifty-two week high of $165.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90.

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 the consensus estimate of $3.10 by $0.50. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. Crocs’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.25 EPS. Sell-side analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current year.

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.