Susquehanna Portfolio Strategies LLC Has $27.17 Million Stake in Crocs, Inc. (NASDAQ:CROX)

Susquehanna Portfolio Strategies LLC reduced its stake in Crocs, Inc. (NASDAQ:CROX) by 19.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 186,196 shares of the textile maker’s stock after selling 43,704 shares during the period. Crocs comprises approximately 1.1% of Susquehanna Portfolio Strategies LLC’s investment portfolio, making the stock its 17th largest position. Susquehanna Portfolio Strategies LLC’s holdings in Crocs were worth $27,173,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gryphon Financial Partners LLC acquired a new stake in shares of Crocs during the 4th quarter valued at $150,000. Corient Private Wealth LLC bought a new stake in shares of Crocs during the fourth quarter worth about $598,000. Quest Partners LLC bought a new stake in shares of Crocs during the fourth quarter worth about $53,000. Steward Partners Investment Advisory LLC increased its stake in shares of Crocs by 32.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,006 shares of the textile maker’s stock valued at $561,000 after buying an additional 1,460 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in Crocs by 4.2% in the 4th quarter. Treasurer of the State of North Carolina now owns 27,841 shares of the textile maker’s stock valued at $2,601,000 after buying an additional 1,121 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Crocs Price Performance

Shares of CROX opened at $144.31 on Friday. The firm has a market cap of $8.76 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.44 and a beta of 2.00. Crocs, Inc. has a 52-week low of $74.00 and a 52-week high of $165.32. The business’s 50 day moving average price is $135.41 and its two-hundred day moving average price is $138.43. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.50.

Crocs (NASDAQ:CROX) last issued its 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 business 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%. Crocs’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.59 earnings per share. On average, equities analysts anticipate that Crocs, Inc. will post 12.85 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on CROX shares. Williams Trading upgraded shares of Crocs from a “hold” rating to a “buy” rating and upped their price target for the company from $135.00 to $163.00 in a research report on Thursday, August 22nd. Raymond James lowered Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 target price for the company. in a research report on Friday, August 2nd. Bank of America upped their price target on Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Wedbush restated an “outperform” rating and set a $170.00 price objective on shares of Crocs in a research report on Monday, July 29th. Finally, UBS Group cut their price objective on Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $160.82.

Insider Transactions at Crocs

In related news, Director Douglas J. Treff sold 10,594 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was 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 directly owns 81,254 shares of the company’s stock, valued at approximately $10,756,404.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Crocs news, Director John B. Replogle acquired 1,996 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of $123.96 per share, with a total value of $247,424.16. Following the completion of the purchase, the director now owns 7,064 shares of the company’s stock, valued at $875,653.44. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Douglas J. Treff sold 10,594 shares of the company’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 completion of the sale, the director now owns 81,254 shares in the company, valued at approximately $10,756,404.52. The disclosure for this sale can be found here. 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.