Bank of Montreal Can Sells 730 Shares of Crocs, Inc. (NASDAQ:CROX)

Bank of Montreal Can lowered its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,637 shares of the textile maker’s stock after selling 730 shares during the quarter. Bank of Montreal Can’s holdings in Crocs were worth $1,779,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Treasurer of the State of North Carolina increased its holdings in shares of 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 worth $2,601,000 after purchasing an additional 1,121 shares during the period. Crossmark Global Holdings Inc. increased its stake in Crocs by 133.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 14,738 shares of the textile maker’s stock valued at $1,377,000 after acquiring an additional 8,415 shares during the period. Prudential PLC raised its holdings in Crocs by 81.8% in the 4th quarter. Prudential PLC now owns 18,166 shares of the textile maker’s stock valued at $1,697,000 after acquiring an additional 8,173 shares in the last quarter. Tyro Capital Management LLC acquired a new stake in shares of Crocs during the 4th quarter worth approximately $10,481,000. Finally, Seven Eight Capital LP acquired a new stake in shares of Crocs during the 4th quarter worth approximately $548,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Bank of America raised their target price on Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Piper Sandler reaffirmed an “overweight” rating and set a $170.00 price objective on shares of Crocs in a report on Friday, August 23rd. Barclays lowered their target price on shares of Crocs from $169.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. StockNews.com upgraded shares of Crocs from a “hold” rating to a “buy” rating in a research note on Friday, August 23rd. Finally, Wedbush reiterated an “outperform” rating and issued a $170.00 price objective on shares of Crocs in a research note on Monday, July 29th. Two research 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.82.

Insider Transactions at Crocs

In related news, Director John B. Replogle purchased 1,996 shares of the 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. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction that occurred 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 in the company, valued at $10,756,404.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John B. Replogle acquired 1,996 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the acquisition, the director now directly owns 7,064 shares of the company’s stock, valued at $875,653.44. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is owned by company insiders.

Crocs Trading Up 2.9 %

CROX stock opened at $141.93 on Friday. The business has a fifty day moving average price of $136.33 and a 200 day moving average price of $138.82. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 0.95. Crocs, Inc. has a fifty-two week low of $74.00 and a fifty-two week high of $165.32. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 1.44 and a beta of 1.99.

Crocs (NASDAQ:CROX) last released its quarterly 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. 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 firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.59 earnings per share. Analysts expect 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.