Marshall Wace LLP Purchases Shares of 134,288 Crocs, Inc. (NASDAQ:CROX)

Marshall Wace LLP acquired a new position in Crocs, Inc. (NASDAQ:CROX) during the second quarter, HoldingsChannel.com reports. The fund acquired 134,288 shares of the textile maker’s stock, valued at approximately $19,598,000.

Several other large investors have also recently modified their holdings of the company. Nordea Investment Management AB increased its position in shares of Crocs by 17.0% during 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 raised its stake in Crocs by 282.2% in the first 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 last quarter. Tyro Capital Management LLC acquired a new stake in Crocs in the fourth quarter worth about $10,481,000. Boston Partners purchased a new stake in shares of Crocs during the first quarter worth about $10,771,000. Finally, Global Assets Advisory LLC acquired a new position in shares of Crocs during the first quarter valued at about $7,399,000. Institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling at Crocs

In other news, Director Douglas J. Treff sold 10,594 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were 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 owns 81,254 shares of the company’s stock, valued at $10,756,404.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Douglas J. Treff sold 10,594 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John B. Replogle purchased 1,996 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was purchased 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 in the company, valued at $875,653.44. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wedbush reissued an “outperform” rating and set a $170.00 target price on shares of Crocs in a research report 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 report on Friday, August 2nd. StockNews.com raised shares of Crocs from a “hold” rating to a “buy” rating in a report on Friday, August 23rd. Piper Sandler reiterated an “overweight” rating and set a $170.00 price objective on shares of Crocs in a research note on Friday, August 23rd. Finally, UBS Group lowered their target price on Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 16th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $160.82.

Crocs Stock Down 2.1 %

CROX opened at $144.31 on Friday. The company has a market cap of $8.76 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.44 and a beta of 2.00. Crocs, Inc. has a twelve month low of $74.00 and a twelve month high of $165.32. The company has a 50-day moving average price of $135.41 and a 200 day moving average price of $138.43. The company has a quick ratio of 0.95, a current ratio of 1.50 and a debt-to-equity ratio of 0.93.

Crocs (NASDAQ:CROX) last announced 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. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.59 earnings per share. Sell-side analysts expect that Crocs, Inc. will post 12.85 earnings per share for the current fiscal year.

About Crocs

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.