Ameritas Investment Partners Inc. Trims Stake in Crocs, Inc. (NASDAQ:CROX)

Ameritas Investment Partners Inc. trimmed its position in Crocs, Inc. (NASDAQ:CROX) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,911 shares of the textile maker’s stock after selling 462 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Crocs were worth $1,884,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CROX. Nisa Investment Advisors LLC raised its stake in Crocs by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock worth $152,000 after buying an additional 85 shares in the last quarter. Riverwater Partners LLC raised its position in shares of Crocs by 1.0% in the 1st quarter. Riverwater Partners LLC now owns 10,725 shares of the textile maker’s stock worth $1,542,000 after acquiring an additional 104 shares in the last quarter. 180 Wealth Advisors LLC lifted its stake in shares of Crocs by 1.6% during the 2nd quarter. 180 Wealth Advisors LLC now owns 7,248 shares of the textile maker’s stock worth $1,036,000 after purchasing an additional 111 shares during the last quarter. Assetmark Inc. boosted its position in Crocs by 1.6% during the fourth quarter. Assetmark Inc. now owns 8,828 shares of the textile maker’s stock valued at $825,000 after purchasing an additional 142 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Crocs by 19.3% during the second quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock valued at $144,000 after purchasing an additional 162 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Insider Activity at Crocs

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

Wall Street Analysts Forecast Growth

Several research firms have commented on CROX. StockNews.com raised shares of Crocs from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. UBS Group decreased their target price on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a research report on Tuesday, July 16th. Wedbush reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Crocs in a report on Monday, July 29th. Bank of America increased their price objective on Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Finally, Piper Sandler restated an “overweight” rating and set a $170.00 target price on shares of Crocs in a research note on Friday, August 23rd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $160.27.

Crocs Trading Up 0.8 %

NASDAQ CROX opened at $139.05 on Monday. The company has a fifty day moving average of $134.34 and a 200 day moving average of $137.93. The company has a market capitalization of $8.44 billion, a PE ratio of 10.76, a P/E/G ratio of 1.29 and a beta of 2.00. 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 1 year low of $74.00 and a 1 year high of $165.32.

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