Menard Financial Group LLC Invests $799,000 in Crocs, Inc. (NASDAQ:CROX)

Menard Financial Group LLC bought a new stake in shares of Crocs, Inc. (NASDAQ:CROX) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,474 shares of the textile maker’s stock, valued at approximately $799,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB raised its position in Crocs by 17.0% during the first quarter. Nordea Investment Management AB now owns 51,189 shares of the textile maker’s stock valued at $7,292,000 after purchasing an additional 7,448 shares during the period. Alaska Permanent Fund Corp increased its position in shares of Crocs by 282.2% during the first 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 during the period. Tyro Capital Management LLC bought a new stake in shares of Crocs during the fourth quarter valued at approximately $10,481,000. Boston Partners purchased a new stake in shares of Crocs in the first quarter valued at approximately $10,771,000. Finally, BNP Paribas Financial Markets grew its stake in Crocs by 242.1% in the fourth quarter. BNP Paribas Financial Markets now owns 56,494 shares of the textile maker’s stock worth $5,277,000 after purchasing an additional 39,979 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Insider Activity at Crocs

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

Crocs Stock Up 0.8 %

Shares of CROX opened at $128.77 on Monday. 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 market cap of $7.82 billion, a P/E ratio of 9.97, a PEG ratio of 1.29 and a beta of 2.00. The stock’s 50 day moving average is $134.73 and its two-hundred day moving average is $137.39. Crocs, Inc. has a 12 month low of $74.00 and a 12 month high of $165.32.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data 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 company 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% on a year-over-year basis. During the same period in the prior year, the business posted $3.59 earnings per share. Analysts predict that Crocs, Inc. will post 12.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CROX. StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a report on Friday, August 23rd. Wedbush reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Crocs in a report on Monday, July 29th. Piper Sandler restated an “overweight” rating and set a $170.00 price objective on shares of Crocs in a report on Friday, August 23rd. Bank of America raised their target price on Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Finally, Raymond James downgraded shares of Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price objective on the stock. in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $160.27.

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.