NBC Securities Inc. Sells 764 Shares of Crocs, Inc. (NASDAQ:CROX)

NBC Securities Inc. reduced its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 56.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 591 shares of the textile maker’s stock after selling 764 shares during the period. NBC Securities Inc.’s holdings in Crocs were worth $85,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Creative Planning grew its stake in shares of Crocs by 7.6% during the third quarter. Creative Planning now owns 5,388 shares of the textile maker’s stock valued at $780,000 after buying an additional 382 shares during the last quarter. Oliver Luxxe Assets LLC grew its stake in shares of Crocs by 113.7% during the third quarter. Oliver Luxxe Assets LLC now owns 16,462 shares of the textile maker’s stock valued at $2,384,000 after buying an additional 8,758 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Crocs by 11.8% during the third quarter. Exchange Traded Concepts LLC now owns 14,488 shares of the textile maker’s stock valued at $2,098,000 after buying an additional 1,531 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Crocs by 25.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 17,500 shares of the textile maker’s stock valued at $2,532,000 after buying an additional 3,500 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Crocs by 64.9% during the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after buying an additional 120 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CROX shares. Piper Sandler reaffirmed an “overweight” rating and set a $170.00 target price on shares of Crocs in a research note on Friday, August 23rd. KeyCorp increased their price objective on Crocs from $149.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, September 26th. Wedbush reissued an “outperform” rating and issued a $170.00 price objective on shares of Crocs in a research note on Monday, July 29th. Raymond James cut Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price objective on the stock. in a research note on Friday, August 2nd. Finally, Barclays dropped their price objective on Crocs from $169.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.58.

Crocs Stock Up 2.4 %

Crocs stock opened at $139.40 on Monday. The business has a fifty day moving average of $138.26 and a two-hundred day moving average of $138.64. 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 market cap of $8.46 billion, a P/E ratio of 10.79, a P/E/G ratio of 1.35 and a beta of 1.99. Crocs, Inc. has a twelve month low of $74.00 and a twelve month high of $165.32.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.59 by $0.42. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the business earned $3.59 earnings per share. Crocs’s revenue was up 3.6% on a year-over-year basis. On average, analysts forecast that Crocs, Inc. will post 12.88 earnings per share for the current fiscal year.

Insider Activity

In other Crocs news, Director John B. Replogle acquired 1,996 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the acquisition, the director now owns 7,064 shares in the company, valued at approximately $875,653.44. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Crocs news, Director John B. Replogle acquired 1,996 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the acquisition, the director now owns 7,064 shares in the company, valued at approximately $875,653.44. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas J. Treff sold 10,594 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total value of $1,402,433.72. Following the sale, the director now owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.72% of the company’s stock.

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.