Crocs, Inc. (NASDAQ:CROX) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 15.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,091,097 shares of the textile maker’s stock after acquiring an additional 142,944 shares during the period. Pacer Advisors Inc. owned 1.80% of Crocs worth $159,235,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Nordea Investment Management AB increased its position in Crocs by 17.0% in the 1st quarter. Nordea Investment Management AB now owns 51,189 shares of the textile maker’s stock valued at $7,292,000 after acquiring an additional 7,448 shares during the period. Alaska Permanent Fund Corp increased its stake in Crocs by 282.2% in the 1st quarter. Alaska Permanent Fund Corp now owns 15,478 shares of the textile maker’s stock valued at $2,226,000 after buying an additional 11,428 shares during the period. Tyro Capital Management LLC purchased a new position in Crocs during the 4th quarter worth $10,481,000. Boston Partners acquired a new stake in shares of Crocs in the 1st quarter worth $10,771,000. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of Crocs by 25.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 248,925 shares of the textile maker’s stock valued at $23,252,000 after acquiring an additional 50,881 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Crocs Price Performance

CROX stock opened at $139.05 on Friday. The firm has a market cap of $8.44 billion, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 1.29 and a beta of 2.00. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.50. Crocs, Inc. has a 1 year low of $74.00 and a 1 year high of $165.32. The stock has a 50-day simple moving average of $134.34 and a 200-day simple moving average of $137.70.

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com upgraded shares of Crocs from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Bank of America upped their price objective on Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Barclays reduced their target price on Crocs from $169.00 to $164.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. 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 note on Thursday, August 22nd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $170.00 price objective on shares of Crocs in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.