Ariadne Wealth Management LP Purchases New Shares in Crocs, Inc. (NASDAQ:CROX)

Ariadne Wealth Management LP purchased a new stake in Crocs, Inc. (NASDAQ:CROX) during the second quarter, HoldingsChannel reports. The institutional investor purchased 5,007 shares of the textile maker’s stock, valued at approximately $731,000.

A number of other hedge funds also recently modified their holdings of the business. Nordea Investment Management AB boosted its holdings in Crocs by 17.0% during the first quarter. Nordea Investment Management AB now owns 51,189 shares of the textile maker’s stock worth $7,292,000 after purchasing an additional 7,448 shares during the last quarter. Alaska Permanent Fund Corp increased its stake in shares of Crocs by 282.2% in the 1st quarter. Alaska Permanent Fund Corp now owns 15,478 shares of the textile maker’s stock worth $2,226,000 after acquiring an additional 11,428 shares in the last quarter. Tyro Capital Management LLC bought a new stake in Crocs during the 4th quarter valued at about $10,481,000. Boston Partners bought a new stake in shares of Crocs in the first quarter worth approximately $10,771,000. Finally, Global Assets Advisory LLC purchased a new position in shares of Crocs in the first quarter worth approximately $7,399,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Stock Up 0.3 %

Crocs stock opened at $144.81 on Tuesday. The firm has a fifty day moving average price of $135.64 and a two-hundred day moving average price of $138.72. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 1.44 and a beta of 2.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 0.95. Crocs, Inc. has a fifty-two week low of $74.00 and a fifty-two week high of $165.32.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business earned $3.59 earnings per share. Crocs’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts forecast that Crocs, Inc. will post 12.85 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on CROX shares. StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a report on Friday, August 23rd. Williams Trading raised Crocs from a “hold” rating to a “buy” rating and upped their target price for the company from $135.00 to $163.00 in a research report on Thursday, August 22nd. KeyCorp increased their price target on shares of Crocs from $149.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. Bank of America increased their target price on Crocs from $160.00 to $187.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Finally, Piper Sandler reiterated an “overweight” rating and set a $170.00 price target on shares of Crocs in a report on Friday, August 23rd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.82.

Insider Transactions at Crocs

In other Crocs news, Director John B. Replogle acquired 1,996 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average price of $123.96 per share, with a total value of $247,424.16. Following the acquisition, the director now directly owns 7,064 shares of the company’s stock, valued at approximately $875,653.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Crocs news, Director John B. Replogle purchased 1,996 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $123.96 per share, for a total transaction of $247,424.16. Following the acquisition, the director now owns 7,064 shares in the company, valued at approximately $875,653.44. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Douglas J. Treff sold 10,594 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $132.38, for a total value of $1,402,433.72. Following the completion of the sale, the director now owns 81,254 shares of the company’s stock, valued at $10,756,404.52. The disclosure for this sale can be found here. 2.72% of the stock is owned by insiders.

About Crocs

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.