Daiwa Securities Group Inc. Sells 999 Shares of Crocs, Inc. (NASDAQ:CROX)

Daiwa Securities Group Inc. trimmed its stake in Crocs, Inc. (NASDAQ:CROX) by 38.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,586 shares of the textile maker’s stock after selling 999 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Crocs were worth $230,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. boosted its holdings in shares of Crocs by 55.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock valued at $5,820,000 after buying an additional 14,387 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Crocs by 585.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock valued at $3,526,000 after purchasing an additional 20,797 shares during the last quarter. Catalyst Capital Advisors LLC boosted its position in shares of Crocs by 2,775.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock worth $1,145,000 after purchasing an additional 7,633 shares in the last quarter. Aigen Investment Management LP purchased a new position in Crocs during the 3rd quarter worth $2,024,000. Finally, International Assets Investment Management LLC acquired a new position in Crocs during the 3rd quarter valued at about $2,076,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling

In related news, Director John B. Replogle purchased 2,240 shares of Crocs stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the acquisition, the director now directly owns 9,304 shares in the company, valued at approximately $1,047,630.40. The trade was a 31.71 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Susan L. Healy purchased 1,000 shares of the company’s stock in a transaction dated 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 owns 22,652 shares in the company, valued at approximately $2,258,404.40. This trade represents a 4.62 % 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Needham & Company LLC began coverage on Crocs in a research note on Friday, November 22nd. They set a “buy” rating and a $116.00 price target on the stock. UBS Group lowered their price objective on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. KeyCorp dropped their price target on Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and raised their price objective for the stock from $135.00 to $163.00 in a research note on Thursday, August 22nd. Finally, Robert W. Baird dropped their target price on Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Crocs has an average rating of “Moderate Buy” and a consensus target price of $148.80.

Crocs Stock Performance

Shares of Crocs stock opened at $105.60 on Monday. The firm has a 50-day simple moving average of $121.89 and a two-hundred day simple moving average of $134.50. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. Crocs, Inc. has a fifty-two week low of $85.71 and a fifty-two week high of $165.32. The company has a market cap of $6.15 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 1.07 and a beta of 2.01.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the business posted $3.25 earnings per share. Crocs’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities analysts predict that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

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.