Nisa Investment Advisors LLC Raises Position in Crocs, Inc. (NASDAQ:CROX)

Nisa Investment Advisors LLC lifted its stake in Crocs, Inc. (NASDAQ:CROX) by 8.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,041 shares of the textile maker’s stock after purchasing an additional 85 shares during the period. Nisa Investment Advisors LLC’s holdings in Crocs were worth $152,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new position in Crocs in the 1st quarter worth about $25,000. Rise Advisors LLC purchased a new stake in shares of Crocs in the first quarter valued at approximately $25,000. Quest Partners LLC bought a new position in Crocs in the fourth quarter worth approximately $53,000. Manchester Capital Management LLC increased its holdings in Crocs by 1,673.5% during the 4th quarter. Manchester Capital Management LLC now owns 603 shares of the textile maker’s stock worth $56,000 after purchasing an additional 569 shares during the period. Finally, GAMMA Investing LLC bought a new stake in Crocs during the 4th quarter valued at $78,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Activity

In other Crocs news, EVP Anne Mehlman sold 7,150 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $159.01, for a total transaction of $1,136,921.50. Following the sale, the executive vice president now owns 143,075 shares of the company’s stock, valued at approximately $22,750,355.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Andrew Rees sold 10,000 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $160.15, for a total value of $1,601,500.00. Following the transaction, the chief executive officer now directly owns 79,748 shares of the company’s stock, valued at $12,771,642.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anne Mehlman sold 7,150 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $159.01, for a total value of $1,136,921.50. Following the completion of the transaction, the executive vice president now owns 143,075 shares of the company’s stock, valued at $22,750,355.75. The disclosure for this sale can be found here. Insiders have sold a total of 29,194 shares of company stock worth $4,361,719 over the last 90 days. 2.72% of the stock is currently owned by corporate insiders.

Crocs Stock Performance

Shares of CROX stock opened at $144.69 on Friday. Crocs, Inc. has a 12-month low of $74.00 and a 12-month high of $165.32. The business’s fifty day simple moving average is $139.25 and its 200-day simple moving average is $134.67. The company has a current ratio of 1.50, a quick ratio of 1.14 and a debt-to-equity ratio of 0.93. The company has a market cap of $8.78 billion, a PE ratio of 11.20, a PEG ratio of 1.45 and a beta of 2.00.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.59 by $0.42. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the company posted $3.59 EPS. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Analysts expect that Crocs, Inc. will post 12.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CROX has been the topic of several research reports. Barclays cut their price target on Crocs from $169.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. StockNews.com raised shares of Crocs from a “hold” rating to a “buy” rating in a research report on Friday. Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and upped their price target for the stock from $135.00 to $163.00 in a research report on Thursday. Piper Sandler reiterated an “overweight” rating and set a $170.00 price objective on shares of Crocs in a research note on Friday. Finally, Raymond James downgraded shares of Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price objective for the company. in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $160.27.

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.