Crossmark Global Holdings Inc. Has $3.77 Million Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Crossmark Global Holdings Inc. raised its stake in Crocs, Inc. (NASDAQ:CROX) by 28.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 25,805 shares of the textile maker’s stock after buying an additional 5,775 shares during the period. Crossmark Global Holdings Inc.’s holdings in Crocs were worth $3,766,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CROX. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Crocs by 34.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,706 shares of the textile maker’s stock valued at $2,292,000 after purchasing an additional 4,048 shares during the last quarter. Calamos Advisors LLC bought a new stake in Crocs during the 2nd quarter worth approximately $1,323,000. Van Lanschot Kempen Investment Management N.V. increased its position in Crocs by 6.7% in the 2nd 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 during the period. JB Capital LLC raised its stake in shares of Crocs by 7.2% during the second quarter. JB Capital LLC now owns 11,603 shares of the textile maker’s stock valued at $1,693,000 after acquiring an additional 781 shares during the last quarter. Finally, Longitude Cayman Ltd. grew its stake in shares of Crocs by 15.0% in the second quarter. Longitude Cayman Ltd. now owns 11,500 shares of the textile maker’s stock worth $1,678,000 after purchasing an additional 1,500 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CROX has been the topic of several recent research reports. Piper Sandler reaffirmed an “overweight” rating and set a $170.00 target price on shares of Crocs in a report on Friday, August 23rd. Monness Crespi & Hardt increased their target price on shares of Crocs from $140.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Raymond James downgraded shares of Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price target on the stock. in a research report on Friday, August 2nd. StockNews.com upgraded shares of Crocs from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Finally, Stifel Nicolaus upped their price target on shares of Crocs from $140.00 to $158.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.27.

Crocs Price Performance

Shares of CROX opened at $146.17 on Friday. The stock has a market cap of $8.87 billion, a P/E ratio of 11.31, a P/E/G ratio of 1.45 and a beta of 2.00. The business’s fifty day moving average is $137.79 and its 200 day moving average is $136.04. The company has a quick ratio of 1.14, a current ratio of 1.50 and a debt-to-equity ratio of 0.93. Crocs, Inc. has a 12-month low of $74.00 and a 12-month high of $165.32.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.59 by $0.42. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the company earned $3.59 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. Sell-side analysts anticipate that Crocs, Inc. will post 12.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director John B. Replogle purchased 1,996 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $123.96 per share, with a total value of $247,424.16. Following the transaction, the director now owns 7,064 shares of the company’s stock, valued at approximately $875,653.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Andrew Rees sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $160.15, for a total value of $1,601,500.00. Following the transaction, the chief executive officer now owns 79,748 shares in the company, valued at approximately $12,771,642.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John B. Replogle purchased 1,996 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $123.96 per share, with a total value of $247,424.16. Following the completion of the transaction, the director now directly owns 7,064 shares of the company’s stock, valued at approximately $875,653.44. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 27,744 shares of company stock valued at $4,140,855. Corporate 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.