Pathstone Holdings LLC Boosts Stock Position in Crocs, Inc. (NASDAQ:CROX)

Pathstone Holdings LLC lifted its position in Crocs, Inc. (NASDAQ:CROX) by 24.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,797 shares of the textile maker’s stock after buying an additional 2,491 shares during the quarter. Pathstone Holdings LLC’s holdings in Crocs were worth $1,853,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Davis Investment Partners LLC raised its holdings in shares of Crocs by 0.8% in the 3rd quarter. Davis Investment Partners LLC now owns 9,673 shares of the textile maker’s stock valued at $1,362,000 after buying an additional 77 shares during the period. Nisa Investment Advisors LLC grew its stake in Crocs by 8.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock worth $152,000 after purchasing an additional 85 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in Crocs by 8.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,350 shares of the textile maker’s stock worth $195,000 after purchasing an additional 100 shares in the last quarter. 180 Wealth Advisors LLC grew its stake in 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 in the last quarter. Finally, Covestor Ltd grew its stake in Crocs by 10.3% during the 3rd quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock worth $178,000 after purchasing an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Up 1.5 %

Shares of NASDAQ CROX opened at $105.60 on Thursday. The stock has a market cap of $6.15 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 1.10 and a beta of 2.01. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. Crocs, Inc. has a 52-week low of $85.71 and a 52-week high of $165.32. The business has a 50-day moving average price of $123.89 and a 200 day moving average price of $135.24.

Crocs (NASDAQ:CROX) last announced its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. The firm had revenue of $1.06 billion during 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 revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.25 EPS. Equities research analysts forecast that Crocs, Inc. will post 12.93 earnings per share for the current year.

Analysts Set New Price Targets

CROX has been the subject of several analyst reports. Williams Trading raised Crocs from a “hold” rating to a “buy” rating and boosted their target price for the stock from $135.00 to $163.00 in a research note on Thursday, August 22nd. Needham & Company LLC initiated coverage on Crocs in a research note on Friday, November 22nd. They set a “buy” rating and a $116.00 target price for the company. StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Loop Capital cut Crocs from a “buy” rating to a “hold” rating and lowered their target price for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. Finally, KeyCorp lowered their price objective on Crocs from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.80.

Insider Activity at Crocs

In related news, CFO Susan L. Healy acquired 1,000 shares of Crocs stock in a transaction on Wednesday, November 13th. The stock was purchased at an average cost of $99.70 per share, with a total value of $99,700.00. Following the purchase, the chief financial officer now directly owns 22,652 shares in the company, valued at approximately $2,258,404.40. The trade was a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John B. Replogle acquired 2,240 shares of Crocs stock in a transaction on Wednesday, October 30th. The shares were bought at an average cost of $112.60 per share, with a total value of $252,224.00. Following the completion of the purchase, the director now owns 9,304 shares in the company, valued at $1,047,630.40. The trade was a 31.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.72% of the company’s stock.

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.