Thrivent Financial for Lutherans Boosts Stake in Crocs, Inc. (NASDAQ:CROX)

Thrivent Financial for Lutherans grew its stake in Crocs, Inc. (NASDAQ:CROX) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 901,973 shares of the textile maker’s stock after acquiring an additional 11,986 shares during the quarter. Thrivent Financial for Lutherans owned about 1.49% of Crocs worth $131,634,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Nordea Investment Management AB raised its holdings in Crocs by 17.0% in the first quarter. Nordea Investment Management AB now owns 51,189 shares of the textile maker’s stock worth $7,292,000 after purchasing an additional 7,448 shares in the last quarter. Alaska Permanent Fund Corp lifted its position in Crocs by 282.2% during the first quarter. Alaska Permanent Fund Corp now owns 15,478 shares of the textile maker’s stock valued at $2,226,000 after acquiring an additional 11,428 shares during the last quarter. Tyro Capital Management LLC purchased a new stake in Crocs during the fourth quarter valued at approximately $10,481,000. Boston Partners purchased a new position in Crocs in the first quarter worth $10,771,000. Finally, Artisan Partners Limited Partnership increased its position in shares of Crocs by 25.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 248,925 shares of the textile maker’s stock worth $23,252,000 after purchasing an additional 50,881 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Crocs

In other Crocs news, Director John B. Replogle bought 1,996 shares of Crocs 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 directly owns 7,064 shares in the company, valued at approximately $875,653.44. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, Director John B. Replogle purchased 1,996 shares of the business’s stock in a transaction that occurred on 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 acquisition, the director now owns 7,064 shares in the company, valued at $875,653.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas J. Treff sold 10,594 shares of the company’s 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 transaction, the director now owns 81,254 shares of the company’s stock, valued at $10,756,404.52. The disclosure for this sale can be found here. 2.72% of the stock is owned by corporate insiders.

Crocs Trading Up 0.8 %

Crocs stock opened at $139.05 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. The firm has a market cap of $8.44 billion, a PE ratio of 10.76, a P/E/G ratio of 1.29 and a beta of 2.00. The stock’s 50 day simple moving average is $134.34 and its two-hundred day simple moving average is $137.70. Crocs, Inc. has a 12 month low of $74.00 and a 12 month high of $165.32.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 earnings per share for the quarter, beating 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 company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company earned $3.59 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts anticipate that Crocs, Inc. will post 12.85 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wedbush restated an “outperform” rating and set a $170.00 target price on shares of Crocs in a research note on Monday, July 29th. Williams Trading upgraded shares of Crocs from a “hold” rating to a “buy” rating and upped their price objective for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. UBS Group decreased their price objective on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a research report on Tuesday, July 16th. Bank of America boosted their target price on shares of Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. 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 assigned a buy rating to the stock. According to data from MarketBeat, Crocs currently has a consensus 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.