Virtu Financial LLC Decreases Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Virtu Financial LLC lowered its stake in Crocs, Inc. (NASDAQ:CROXFree Report) by 90.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,096 shares of the textile maker’s stock after selling 20,916 shares during the period. Virtu Financial LLC’s holdings in Crocs were worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. FMR LLC lifted its holdings in shares of 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 buying an additional 406,287 shares during the period. Pacer Advisors Inc. lifted its holdings in Crocs by 33.8% in the third quarter. Pacer Advisors Inc. now owns 1,459,654 shares of the textile maker’s stock valued at $211,372,000 after acquiring an additional 368,557 shares during the period. National Bank of Canada FI boosted its position in Crocs by 8,437.1% in the second quarter. National Bank of Canada FI now owns 182,695 shares of the textile maker’s stock worth $26,993,000 after purchasing an additional 180,555 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Crocs during the 2nd quarter valued at about $19,598,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Crocs during the 3rd quarter valued at about $17,122,000. Institutional investors own 93.44% of the company’s stock.

Insider Transactions at Crocs

In other Crocs news, CFO Susan L. Healy purchased 1,000 shares of the firm’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 completion of the purchase, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. This trade represents a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John B. Replogle acquired 2,240 shares of the stock in a transaction on Wednesday, October 30th. The shares were acquired at an average price of $112.60 per share, with a total value of $252,224.00. Following the transaction, the director now directly owns 9,304 shares of the company’s stock, valued at $1,047,630.40. The trade was 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 Stock Performance

CROX opened at $108.96 on Tuesday. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 1.14 and a beta of 1.98. Crocs, Inc. has a fifty-two week low of $85.71 and a fifty-two week 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 company has a fifty day moving average of $115.01 and a 200 day moving average of $131.68.

Crocs (NASDAQ:CROXGet Free Report) last issued its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm posted $3.25 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CROX. Piper Sandler reissued an “overweight” rating and issued a $170.00 price objective on shares of Crocs in a report on Friday, August 23rd. Barclays dropped their price target on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, December 12th. Williams Trading upgraded Crocs from a “hold” rating to a “buy” rating and lifted their target price for the company from $135.00 to $163.00 in a research report on Thursday, August 22nd. Finally, Needham & Company LLC started coverage on Crocs in a research report on Friday, November 22nd. They issued a “buy” rating and a $116.00 price target for the company. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $148.80.

Check Out Our Latest Stock Report on Crocs

About Crocs

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CROX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crocs, Inc. (NASDAQ:CROXFree Report).

Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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