Clark Estates Inc. NY Reduces Holdings in Crocs, Inc. (NASDAQ:CROX)

Clark Estates Inc. NY trimmed its position in Crocs, Inc. (NASDAQ:CROX) by 7.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,500 shares of the textile maker’s stock after selling 1,800 shares during the quarter. Clark Estates Inc. NY’s holdings in Crocs were worth $3,258,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Bridgewater Associates LP lifted its position in Crocs by 48.1% during the 3rd quarter. Bridgewater Associates LP now owns 89,752 shares of the textile maker’s stock valued at $12,997,000 after acquiring an additional 29,166 shares during the period. Cynosure Group LLC purchased a new stake in shares of Crocs in the third quarter worth $368,000. D.A. Davidson & CO. raised its position in shares of Crocs by 67.8% in the 3rd quarter. D.A. Davidson & CO. now owns 2,701 shares of the textile maker’s stock worth $391,000 after purchasing an additional 1,091 shares during the last quarter. FMR LLC grew its position in Crocs by 4.8% during the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock valued at $1,289,908,000 after purchasing an additional 406,287 shares during the last quarter. Finally, Qsemble Capital Management LP lifted its position in Crocs by 309.5% in the 3rd quarter. Qsemble Capital Management LP now owns 7,064 shares of the textile maker’s stock valued at $1,023,000 after acquiring an additional 5,339 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Stock Performance

NASDAQ:CROX opened at $104.06 on Wednesday. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 1.10 and a beta of 2.01. The stock’s 50 day simple moving average is $124.58 and its two-hundred day simple moving average is $135.52. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. Crocs, Inc. has a 1 year low of $85.71 and a 1 year high of $165.32.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CROX. UBS Group decreased their target price on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Piper Sandler reiterated an “overweight” rating and set a $170.00 price objective on shares of Crocs in a research report on Friday, August 23rd. Williams Trading upgraded shares of Crocs from a “hold” rating to a “buy” rating and boosted their target price for the company from $135.00 to $163.00 in a research report on Thursday, August 22nd. Barclays cut their price target on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, Robert W. Baird reduced their price target on Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $148.80.

Insider Activity

In related news, CFO Susan L. Healy purchased 1,000 shares of Crocs 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 purchase, the chief financial officer now directly owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. This represents a 4.62 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John B. Replogle acquired 2,240 shares of the stock in a transaction on Wednesday, October 30th. The stock was bought at an average cost of $112.60 per share, with a total value of $252,224.00. Following the completion of the transaction, the director now owns 9,304 shares in the company, valued at $1,047,630.40. This trade 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.

Crocs 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.