Crocs, Inc. (NASDAQ:CROX) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp raised its position in shares of Crocs, Inc. (NASDAQ:CROX) by 40.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 36,618 shares of the textile maker’s stock after purchasing an additional 10,463 shares during the quarter. Van ECK Associates Corp’s holdings in Crocs were worth $5,303,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Crocs by 1.4% during the first quarter. Vanguard Group Inc. now owns 5,572,643 shares of the textile maker’s stock valued at $801,346,000 after buying an additional 76,460 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Crocs by 15.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,091,097 shares of the textile maker’s stock worth $159,235,000 after purchasing an additional 142,944 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Crocs by 1.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker’s stock worth $131,634,000 after purchasing an additional 11,986 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Crocs by 12.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker’s stock worth $115,322,000 after purchasing an additional 89,610 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. raised its position in shares of Crocs by 6.7% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 521,726 shares of the textile maker’s stock worth $76,141,000 after purchasing an additional 32,984 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Monness Crespi & Hardt dropped their price target on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Robert W. Baird dropped their price target on Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. UBS Group dropped their price target on Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Piper Sandler reissued an “overweight” rating and issued a $170.00 price objective on shares of Crocs in a report on Friday, August 23rd. Finally, Williams Trading raised Crocs from a “hold” rating to a “buy” rating and increased their price objective for the stock from $135.00 to $163.00 in a report on Thursday, August 22nd. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $151.14.

Crocs Stock Performance

Shares of NASDAQ CROX opened at $101.30 on Friday. The stock has a fifty day moving average price of $131.59 and a two-hundred day moving average price of $137.49. 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 $5.90 billion, a P/E ratio of 7.35, a PEG ratio of 1.07 and a beta of 2.01. Crocs, Inc. has a 1 year low of $77.16 and a 1 year high of $165.32.

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, beating analysts’ consensus estimates of $3.10 by $0.50. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the company posted $3.25 EPS. Research analysts forecast that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

Insider Transactions at Crocs

In related news, Director John B. Replogle acquired 2,240 shares of Crocs stock in a transaction dated Wednesday, October 30th. The stock was 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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.