Symmetry Investments LP Acquires New Holdings in Crocs, Inc. (NASDAQ:CROX)

Symmetry Investments LP acquired a new stake in shares of Crocs, Inc. (NASDAQ:CROX) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,100 shares of the textile maker’s stock, valued at approximately $890,000.

A number of other institutional investors have also recently bought and sold shares of the company. Gryphon Financial Partners LLC acquired a new position in shares of Crocs in the fourth quarter valued at approximately $150,000. Dimensional Fund Advisors LP boosted its holdings in shares of Crocs by 20.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 639,739 shares of the textile maker’s stock valued at $59,766,000 after buying an additional 109,637 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Crocs by 12.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,151 shares of the textile maker’s stock valued at $108,000 after buying an additional 126 shares during the period. Norges Bank acquired a new position in shares of Crocs in the fourth quarter valued at approximately $72,211,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Crocs in the fourth quarter valued at approximately $387,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Activity

In other news, Director Douglas J. Treff sold 10,594 shares of the stock in a transaction dated 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 transaction, the director now directly owns 81,254 shares of the company’s stock, valued at $10,756,404.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Crocs news, Director John B. Replogle purchased 1,996 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost 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 in the company, valued at $875,653.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas J. Treff sold 10,594 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 81,254 shares in the company, valued at $10,756,404.52. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Analyst Ratings Changes

CROX has been the subject of several research analyst reports. StockNews.com upgraded shares of Crocs from a “hold” rating to a “buy” rating in a report on Friday, August 23rd. Piper Sandler restated an “overweight” rating and set a $170.00 target price on shares of Crocs in a report on Friday, August 23rd. Bank of America increased their target price on shares of Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Wedbush restated an “outperform” rating and set a $170.00 target price on shares of Crocs in a report on Monday, July 29th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $160.27.

Crocs Stock Performance

NASDAQ CROX opened at $139.05 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. The firm’s fifty day moving average price is $134.34 and its two-hundred day moving average price is $137.70. Crocs, Inc. has a 1 year low of $74.00 and a 1 year high of $165.32. The firm has a market capitalization of $8.44 billion, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 1.29 and a beta of 2.00.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.59 by $0.42. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.59 earnings per share. As a group, research analysts anticipate that Crocs, Inc. will post 12.85 EPS for the current year.

Crocs 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.