Entropy Technologies LP Invests $887,000 in Crocs, Inc. (NASDAQ:CROX)

Entropy Technologies LP purchased a new stake in Crocs, Inc. (NASDAQ:CROX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,123 shares of the textile maker’s stock, valued at approximately $887,000.

Other large investors have also added to or reduced their stakes in the company. Sei Investments Co. lifted its position in shares of Crocs by 17.3% during the 1st quarter. Sei Investments Co. now owns 18,215 shares of the textile maker’s stock valued at $2,619,000 after acquiring an additional 2,680 shares during the period. QRG Capital Management Inc. acquired a new position in shares of Crocs during the 1st quarter worth $268,000. Russell Investments Group Ltd. grew its position in Crocs by 78.2% in the first quarter. Russell Investments Group Ltd. now owns 35,142 shares of the textile maker’s stock valued at $5,053,000 after acquiring an additional 15,418 shares during the last quarter. Blair William & Co. IL bought a new stake in shares of Crocs during the 1st quarter valued at approximately $262,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in Crocs during the 1st quarter worth approximately $214,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Price Performance

Shares of CROX opened at $98.96 on Thursday. The firm has a market cap of $5.77 billion, a PE ratio of 7.18, a price-to-earnings-growth ratio of 1.03 and a beta of 2.01. Crocs, Inc. has a 52-week low of $79.44 and a 52-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 business’s 50 day moving average price is $129.17 and its two-hundred day moving average price is $137.07.

Crocs (NASDAQ:CROX) 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. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. Crocs’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.25 earnings per share. On average, equities analysts anticipate that Crocs, Inc. will post 12.93 EPS for the current year.

Insider Activity

In other news, Director John B. Replogle purchased 2,240 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of $112.60 per share, with a total value of $252,224.00. Following the purchase, the director now owns 9,304 shares in the company, valued at $1,047,630.40. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.72% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays cut their target price on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Williams Trading raised Crocs from a “hold” rating to a “buy” rating and lifted their price target for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Raymond James lowered shares of Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Finally, Loop Capital downgraded shares of Crocs from a “buy” rating to a “hold” rating and dropped their price target for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Crocs currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.14.

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.