Crocs, Inc. (NASDAQ:CROX) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in Crocs, Inc. (NASDAQ:CROX) by 4.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 14,912 shares of the textile maker’s stock after selling 727 shares during the period. Victory Capital Management Inc.’s holdings in Crocs were worth $2,176,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Crocs by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 5,572,643 shares of the textile maker’s stock valued at $801,346,000 after acquiring an additional 76,460 shares during the last quarter. Coatue Management LLC lifted its stake in Crocs by 836.7% during the fourth quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock valued at $96,190,000 after purchasing an additional 919,835 shares during the last quarter. Norges Bank acquired a new position in Crocs in the fourth quarter worth approximately $72,211,000. Goldman Sachs Group Inc. grew its position in Crocs by 46.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 770,281 shares of the textile maker’s stock worth $71,952,000 after buying an additional 245,240 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Crocs by 20.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 639,739 shares of the textile maker’s stock valued at $59,766,000 after buying an additional 109,637 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling

In other Crocs news, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total value of $1,402,433.72. Following the completion of the sale, the director now directly owns 81,254 shares in the company, valued at $10,756,404.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Crocs news, Director Douglas J. Treff sold 10,594 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the transaction, the director now directly owns 81,254 shares in the company, valued at $10,756,404.52. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John B. Replogle purchased 1,996 shares of Crocs stock in a transaction on Friday, August 2nd. The stock was bought at an average cost of $123.96 per share, with a total value of $247,424.16. Following the transaction, the director now directly owns 7,064 shares of the company’s stock, valued at $875,653.44. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by corporate insiders.

Crocs Trading Up 2.2 %

Crocs stock opened at $138.43 on Wednesday. Crocs, Inc. has a 12 month low of $74.00 and a 12 month high of $165.32. The company has a quick ratio of 0.95, a current ratio of 1.50 and a debt-to-equity ratio of 0.93. The stock has a market cap of $8.40 billion, a P/E ratio of 10.70, a P/E/G ratio of 1.29 and a beta of 2.00. The company’s fifty day simple moving average is $134.55 and its 200-day simple moving average is $137.49.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, August 1st. The textile maker reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.59 by $0.42. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company posted $3.59 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Crocs, Inc. will post 12.85 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $163.00 in a report on Thursday, August 22nd. StockNews.com raised Crocs from a “hold” rating to a “buy” rating in a research note on Friday, August 23rd. Wedbush reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Crocs in a research note on Monday, July 29th. UBS Group dropped their target price on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 16th. Finally, Piper Sandler restated an “overweight” rating and issued a $170.00 price target on shares of Crocs in a research report on Friday, August 23rd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and an average target price of $160.27.

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.