Pathstone Holdings LLC Increases Holdings in Crocs, Inc. (NASDAQ:CROX)

Pathstone Holdings LLC lifted its position in Crocs, Inc. (NASDAQ:CROX) by 24.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,797 shares of the textile maker’s stock after purchasing an additional 2,491 shares during the quarter. Pathstone Holdings LLC’s holdings in Crocs were worth $1,853,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CROX. GHP Investment Advisors Inc. raised its position in Crocs by 375.0% during the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 180 shares in the last quarter. Financial Management Professionals Inc. raised its position in Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 224 shares in the last quarter. UMB Bank n.a. raised its position in Crocs by 64.9% during the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after acquiring an additional 120 shares in the last quarter. V Square Quantitative Management LLC raised its position in Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 142 shares in the last quarter. Finally, Huntington National Bank raised its position in Crocs by 178.5% during the third quarter. Huntington National Bank now owns 738 shares of the textile maker’s stock valued at $107,000 after acquiring an additional 473 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Crocs news, CFO Susan L. Healy bought 1,000 shares of Crocs stock in a transaction on Wednesday, November 13th. The shares were bought 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 of the company’s stock, valued at $2,258,404.40. This trade represents a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director John B. Replogle bought 2,240 shares of Crocs stock in a transaction 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 transaction, the director now directly owns 9,304 shares of the company’s stock, valued at approximately $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. 2.72% of the stock is currently owned by corporate insiders.

Crocs Stock Performance

NASDAQ CROX opened at $105.60 on Thursday. The stock’s fifty day moving average is $123.89 and its two-hundred day moving average is $135.24. The firm 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 debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. Crocs, Inc. has a fifty-two week low of $85.71 and a fifty-two week high of $165.32.

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 analysts’ consensus estimates 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 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 in the previous year, the company posted $3.25 earnings per share. On average, research analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Monness Crespi & Hardt reduced their price target on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Barclays dropped their price objective on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Piper Sandler reissued an “overweight” rating and issued a $170.00 price objective on shares of Crocs in a report on Friday, August 23rd. Guggenheim dropped their price objective on Crocs from $182.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.80.

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.