Amalgamated Bank Trims Position in Crocs, Inc. (NASDAQ:CROX)

Amalgamated Bank reduced its position in Crocs, Inc. (NASDAQ:CROX) by 4.0% in the second quarter, Holdings Channel.com reports. The fund owned 37,524 shares of the textile maker’s stock after selling 1,545 shares during the quarter. Amalgamated Bank’s holdings in Crocs were worth $5,476,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CROX. Nordea Investment Management AB grew its stake in Crocs by 17.0% in the 1st quarter. Nordea Investment Management AB now owns 51,189 shares of the textile maker’s stock worth $7,292,000 after buying an additional 7,448 shares in the last quarter. Alaska Permanent Fund Corp raised its holdings in shares of Crocs by 282.2% during the 1st 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 in the last quarter. Tyro Capital Management LLC bought a new stake in Crocs in the 4th quarter worth approximately $10,481,000. Boston Partners purchased a new stake in Crocs in the first quarter worth approximately $10,771,000. Finally, Artisan Partners Limited Partnership grew its position in Crocs by 25.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 248,925 shares of the textile maker’s stock valued at $23,252,000 after acquiring an additional 50,881 shares during the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on CROX shares. UBS Group lowered their price target on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a report on Friday, August 23rd. Barclays reduced their price target on Crocs from $169.00 to $164.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Piper Sandler reiterated an “overweight” rating and issued a $170.00 price objective on shares of Crocs in a research report on Friday, August 23rd. Finally, Wedbush restated an “outperform” rating and issued a $170.00 target price on shares of Crocs in a report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Crocs has an average rating of “Moderate Buy” and a consensus price target of $160.27.

Insiders Place Their Bets

In other news, Director Douglas J. Treff sold 10,594 shares of the business’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 sale, the director now 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 this link. 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 transaction, 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 Securities & Exchange Commission, 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 bought 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 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 owned by corporate insiders.

Crocs Stock Up 0.8 %

Shares of NASDAQ CROX opened at $139.05 on Friday. The firm has a fifty day simple moving average of $134.34 and a two-hundred day simple moving average of $137.60. The firm has a market capitalization of $8.44 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 1.29 and a beta of 2.00. The company has a current ratio of 1.50, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. Crocs, Inc. has a 12 month low of $74.00 and a 12 month high of $165.32.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.59 by $0.42. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the firm posted $3.59 EPS. The business’s revenue was up 3.6% on a year-over-year basis. Equities analysts expect that Crocs, Inc. will post 12.85 earnings per share for the current 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.