ProShare Advisors LLC Has $418,000 Stock Position in Crocs, Inc. (NASDAQ:CROX)

ProShare Advisors LLC cut its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 3.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,862 shares of the textile maker’s stock after selling 93 shares during the period. ProShare Advisors LLC’s holdings in Crocs were worth $418,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CROX. Corient Private Wealth LLC purchased a new stake in shares of Crocs in the fourth quarter worth approximately $598,000. Steward Partners Investment Advisory LLC raised its position in Crocs by 32.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,006 shares of the textile maker’s stock valued at $561,000 after buying an additional 1,460 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in Crocs by 4.2% during the 4th quarter. Treasurer of the State of North Carolina now owns 27,841 shares of the textile maker’s stock valued at $2,601,000 after acquiring an additional 1,121 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Crocs by 133.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 14,738 shares of the textile maker’s stock worth $1,377,000 after acquiring an additional 8,415 shares during the last quarter. Finally, Prudential PLC grew its stake in shares of Crocs by 81.8% in the 4th quarter. Prudential PLC now owns 18,166 shares of the textile maker’s stock worth $1,697,000 after acquiring an additional 8,173 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Buying and Selling

In related news, Director John B. Replogle purchased 1,996 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were purchased 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 in the company, valued at approximately $875,653.44. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related 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 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 filing with the Securities & Exchange Commission, which is available through this link. Also, Director John B. Replogle bought 1,996 shares of Crocs stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of $123.96 per share, with a total value of $247,424.16. Following the completion of the transaction, the director now owns 7,064 shares of the company’s stock, valued at $875,653.44. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by insiders.

Crocs Price Performance

CROX opened at $141.63 on Wednesday. The company has a market capitalization of $8.60 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 1.44 and a beta of 2.00. The company has a quick ratio of 0.95, a current ratio of 1.50 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average price of $135.84 and a 200-day moving average price of $138.81. Crocs, Inc. has a twelve month low of $74.00 and a twelve month high of $165.32.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) 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 business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the firm posted $3.59 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities analysts expect that Crocs, Inc. will post 12.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CROX shares. KeyCorp raised their price target on shares of Crocs from $149.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, September 26th. Piper Sandler reaffirmed an “overweight” rating and issued a $170.00 target price on shares of Crocs in a report on Friday, August 23rd. StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a report on Friday, August 23rd. Barclays reduced their price objective on Crocs from $169.00 to $164.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Finally, Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and lifted their target price for the stock 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $160.82.

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.