Samlyn Capital LLC Trims Stake in Crocs, Inc. (NASDAQ:CROX)

Samlyn Capital LLC cut its position in shares of Crocs, Inc. (NASDAQ:CROX) by 22.8% in the second quarter, Holdings Channel.com reports. The firm owned 648,176 shares of the textile maker’s stock after selling 191,691 shares during the quarter. Crocs comprises approximately 1.6% of Samlyn Capital LLC’s investment portfolio, making the stock its 23rd biggest position. Samlyn Capital LLC’s holdings in Crocs were worth $94,595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in CROX. Vanguard Group Inc. boosted its holdings in Crocs by 1.4% during 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 period. Pacer Advisors Inc. boosted its stake in shares of Crocs by 15.1% during the second quarter. Pacer Advisors Inc. now owns 1,091,097 shares of the textile maker’s stock valued at $159,235,000 after purchasing an additional 142,944 shares during the period. Coatue Management LLC grew its holdings in shares of Crocs by 836.7% in the fourth quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock worth $96,190,000 after purchasing an additional 919,835 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Crocs by 1.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker’s stock worth $131,634,000 after buying an additional 11,986 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Crocs by 12.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker’s stock valued at $115,322,000 after buying an additional 89,610 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Crocs Price Performance

NASDAQ:CROX opened at $143.75 on Tuesday. The firm’s fifty day moving average is $134.50 and its two-hundred day moving average is $138.07. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 1.29 and a beta of 2.00. Crocs, Inc. has a one year low of $74.00 and a one year high of $165.32. 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 (NASDAQ:CROX) last released its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 EPS for the quarter, topping the consensus estimate of $3.59 by $0.42. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.59 EPS. Research analysts expect that Crocs, Inc. will post 12.85 EPS for the current year.

Insider Buying and Selling at Crocs

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CROX shares. Williams Trading raised Crocs from a “hold” rating to a “buy” rating and increased their price objective for the stock from $135.00 to $163.00 in a research note on Thursday, August 22nd. UBS Group dropped their price target on Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 16th. Raymond James downgraded Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price objective for the company. in a report on Friday, August 2nd. StockNews.com upgraded shares of Crocs from a “hold” rating to a “buy” rating in a report on Friday, August 23rd. Finally, Barclays reduced their price target on shares of Crocs from $169.00 to $164.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Crocs currently has a consensus rating of “Moderate Buy” and a consensus price target 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.