Cim Investment Management Inc. Sells 415 Shares of Crocs, Inc. (NASDAQ:CROX)

Cim Investment Management Inc. reduced its position in shares of Crocs, Inc. (NASDAQ:CROX) by 19.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,746 shares of the textile maker’s stock after selling 415 shares during the quarter. Cim Investment Management Inc.’s holdings in Crocs were worth $255,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Scientech Research LLC bought a new position in shares of Crocs during the second quarter valued at about $1,237,000. Lighthouse Investment Partners LLC purchased a new position in Crocs during the 2nd quarter valued at about $243,000. Dark Forest Capital Management LP bought a new position in Crocs during the 2nd quarter valued at approximately $410,000. Delta Investment Management LLC purchased a new stake in Crocs in the 2nd quarter worth approximately $206,000. Finally, AXA S.A. grew its position in shares of Crocs by 5.9% in the 2nd quarter. AXA S.A. now owns 45,494 shares of the textile maker’s stock worth $6,639,000 after buying an additional 2,536 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CROX. Wedbush reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Crocs in a research note on Monday, July 29th. Raymond James cut shares of Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 target price for the company. in a research report on Friday, August 2nd. Bank of America boosted their price target on shares of Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Barclays cut their price objective on Crocs from $169.00 to $164.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Finally, Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and raised their target price for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and an average target price of $160.82.

Insider Buying and Selling

In other Crocs news, Director Douglas J. Treff sold 10,594 shares of the 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 directly owns 81,254 shares in the company, valued at approximately $10,756,404.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, 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 directly owns 81,254 shares of the company’s stock, valued at $10,756,404.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John B. Replogle acquired 1,996 shares of Crocs stock in a transaction that occurred on Friday, August 2nd. The stock was acquired 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 directly owns 7,064 shares in the company, valued at approximately $875,653.44. The disclosure for this purchase can be found here. 2.72% of the stock is owned by company insiders.

Crocs Trading Down 2.1 %

NASDAQ CROX opened at $144.31 on Friday. Crocs, Inc. has a 12 month low of $74.00 and a 12 month high of $165.32. 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 stock’s fifty day moving average price is $135.41 and its 200-day moving average price is $138.43. The stock has a market cap of $8.76 billion, a P/E ratio of 11.17, a P/E/G ratio of 1.44 and a beta of 2.00.

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. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. Crocs had a net margin of 20.02% and a return on equity of 53.20%. Crocs’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business earned $3.59 EPS. As a group, equities analysts forecast that Crocs, Inc. will post 12.85 EPS for the current fiscal year.

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.