Crocs, Inc. (NASDAQ:CROX) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in Crocs, Inc. (NASDAQ:CROX) by 3.7% during the second quarter, HoldingsChannel.com reports. The fund owned 34,757 shares of the textile maker’s stock after selling 1,329 shares during the period. Mutual of America Capital Management LLC’s holdings in Crocs were worth $5,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in shares of Crocs during the 1st quarter worth approximately $25,000. GHP Investment Advisors Inc. increased its position in Crocs by 375.0% in the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after buying an additional 180 shares during the period. Quest Partners LLC acquired a new stake in Crocs in the fourth quarter worth $53,000. Blue Trust Inc. lifted its stake in Crocs by 19.3% in the second quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock valued at $144,000 after buying an additional 162 shares during the last quarter. Finally, Gryphon Financial Partners LLC acquired a new position in shares of Crocs during the fourth quarter valued at $150,000. Institutional investors own 93.44% of the company’s stock.

Crocs Price Performance

Shares of NASDAQ CROX opened at $139.05 on Friday. Crocs, Inc. has a twelve month low of $74.00 and a twelve month high of $165.32. The company has a current ratio of 1.50, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average of $134.34 and a two-hundred day moving average of $137.81. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 1.29 and a beta of 2.00.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.59 by $0.42. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $3.59 earnings per share. As a group, analysts expect that Crocs, Inc. will post 12.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on CROX. Bank of America increased their price objective on shares of Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Williams Trading upgraded shares of Crocs from a “hold” rating to a “buy” rating and raised their price target for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. UBS Group reduced their price objective on Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a research report on Tuesday, July 16th. StockNews.com raised Crocs from a “hold” rating to a “buy” rating in a research note on Friday, August 23rd. Finally, Raymond James lowered Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price target for the company. in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.27.

Insider Buying and Selling

In related news, Director John B. Replogle bought 1,996 shares of Crocs stock in a transaction dated 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 completion of the acquisition, the director now directly owns 7,064 shares in the company, valued at approximately $875,653.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director John B. Replogle purchased 1,996 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the acquisition, the director now directly owns 7,064 shares of the company’s stock, valued at $875,653.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas J. Treff sold 10,594 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the sale, the director now directly owns 81,254 shares in the company, valued at $10,756,404.52. The disclosure for this sale 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.