GAMMA Investing LLC Has $93,000 Position in Crocs, Inc. (NASDAQ:CROX)

GAMMA Investing LLC lowered its position in Crocs, Inc. (NASDAQ:CROX) by 23.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 848 shares of the textile maker’s stock after selling 257 shares during the quarter. GAMMA Investing LLC’s holdings in Crocs were worth $93,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its stake in Crocs by 55.8% in the third quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock valued at $5,820,000 after acquiring an additional 14,387 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in Crocs by 585.5% in the third quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock valued at $3,526,000 after acquiring an additional 20,797 shares during the last quarter. Catalyst Capital Advisors LLC lifted its stake in Crocs by 2,775.6% in the third quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock valued at $1,145,000 after acquiring an additional 7,633 shares during the last quarter. Aigen Investment Management LP acquired a new stake in Crocs in the third quarter valued at $2,024,000. Finally, International Assets Investment Management LLC acquired a new stake in Crocs in the third quarter valued at $2,076,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Price Performance

CROX stock opened at $110.04 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. Crocs, Inc. has a 12 month low of $94.50 and a 12 month high of $165.32. The firm has a market cap of $6.41 billion, a P/E ratio of 7.98, a P/E/G ratio of 1.14 and a beta of 1.95. The company’s 50-day moving average price is $107.34 and its two-hundred day moving average price is $126.47.

Crocs (NASDAQ:CROX) last released its 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 firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the firm earned $3.25 EPS. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Crocs

In other news, CFO Susan L. Healy acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average price of $99.70 per share, with a total value of $99,700.00. Following the acquisition, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. The trade was a 4.62 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John B. Replogle acquired 2,240 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were purchased at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the acquisition, the director now owns 9,304 shares in the company, valued at $1,047,630.40. This represents a 31.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CROX. Needham & Company LLC began coverage on shares of Crocs in a research note on Friday, November 22nd. They set a “buy” rating and a $116.00 target price for the company. Barclays cut their target price on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group cut their target price on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Finally, KeyCorp cut their target price on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Crocs currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.80.

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.