QRG Capital Management Inc. Buys 303 Shares of Crocs, Inc. (NASDAQ:CROX)

QRG Capital Management Inc. boosted its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 15.9% in the third quarter, Holdings Channel reports. The institutional investor owned 2,213 shares of the textile maker’s stock after purchasing an additional 303 shares during the period. QRG Capital Management Inc.’s holdings in Crocs were worth $320,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CROX. Vanguard Group Inc. grew its stake in shares of Crocs by 1.4% in the first quarter. Vanguard Group Inc. now owns 5,572,643 shares of the textile maker’s stock worth $801,346,000 after acquiring an additional 76,460 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Crocs by 15.1% in the second quarter. Pacer Advisors Inc. now owns 1,091,097 shares of the textile maker’s stock worth $159,235,000 after buying an additional 142,944 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Crocs by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker’s stock worth $131,634,000 after buying an additional 11,986 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Crocs by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker’s stock valued at $115,322,000 after buying an additional 89,610 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its position in shares of Crocs by 6.7% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 521,726 shares of the textile maker’s stock valued at $76,141,000 after acquiring an additional 32,984 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Price Performance

Shares of Crocs stock opened at $102.85 on Tuesday. The stock’s fifty day moving average is $130.72 and its 200 day moving average is $137.51. Crocs, Inc. has a one year low of $77.16 and a one year high of $165.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. The stock has a market cap of $5.99 billion, a P/E ratio of 7.46, a P/E/G ratio of 1.02 and a beta of 2.01.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.25 EPS. Sell-side analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John B. Replogle acquired 2,240 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were purchased at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the transaction, the director now directly owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Piper Sandler reiterated an “overweight” rating and set a $170.00 target price on shares of Crocs in a research note on Friday, August 23rd. Robert W. Baird reduced their price objective on Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. UBS Group lowered their target price on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Raymond James lowered shares of Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Finally, Barclays dropped their target price on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.14.

Crocs Company 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.