Stephens Inc. AR Sells 99 Shares of Crocs, Inc. (NASDAQ:CROX)

Stephens Inc. AR decreased its holdings in Crocs, Inc. (NASDAQ:CROX) by 3.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,589 shares of the textile maker’s stock after selling 99 shares during the quarter. Stephens Inc. AR’s holdings in Crocs were worth $375,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CROX. GHP Investment Advisors Inc. increased its position in shares of Crocs by 375.0% during the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after purchasing an additional 180 shares in the last quarter. Financial Management Professionals Inc. increased its position in shares of Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after purchasing an additional 224 shares in the last quarter. UMB Bank n.a. increased its position in shares of Crocs by 64.9% during the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after purchasing an additional 120 shares in the last quarter. V Square Quantitative Management LLC increased its position in shares of Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after purchasing an additional 142 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Crocs by 19.3% during the second quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock worth $144,000 after purchasing an additional 162 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Price Performance

NASDAQ:CROX opened at $101.86 on Friday. Crocs, Inc. has a one year low of $77.16 and a one year high of $165.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 1.07 and a beta of 2.01. The firm’s fifty day moving average is $132.49 and its two-hundred day moving average is $137.66.

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

Insider Transactions at Crocs

In other news, Director John B. Replogle bought 2,240 shares of the stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of $112.60 per share, with a total value of $252,224.00. Following the purchase, the director now directly owns 9,304 shares in the company, valued at $1,047,630.40. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. KeyCorp reduced their price target on Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Guggenheim cut their target price on Crocs from $182.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. 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. Finally, Barclays cut their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Crocs currently has an average rating of “Moderate Buy” and an average target price of $151.14.

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.