12,646 Shares of Crocs, Inc. $CROX Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP bought a new stake in Crocs, Inc. (NASDAQ:CROX) in the 3rd quarter, Holdings Channel.com reports. The fund bought 12,646 shares of the textile maker’s stock, valued at approximately $1,551,000.

Several other large investors have also recently bought and sold shares of CROX. Baird Financial Group Inc. lifted its holdings in shares of Crocs by 450.1% during the 2nd quarter. Baird Financial Group Inc. now owns 166,345 shares of the textile maker’s stock valued at $20,068,000 after purchasing an additional 136,106 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Crocs in the 2nd quarter valued at approximately $33,820,000. Legal & General Group Plc acquired a new position in shares of Crocs in the 2nd quarter valued at approximately $8,129,000. Corient Private Wealth LP increased its stake in Crocs by 107.3% during the 2nd quarter. Corient Private Wealth LP now owns 23,832 shares of the textile maker’s stock worth $2,875,000 after purchasing an additional 12,335 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Crocs during the 2nd quarter worth approximately $2,386,000. Institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling at Crocs

In related news, CEO Andrew Rees sold 40,000 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $152.89, for a total value of $6,115,600.00. Following the transaction, the chief executive officer owned 673,293 shares in the company, valued at approximately $102,939,766.77. This represents a 5.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rupert George Campbell sold 2,645 shares of the stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $150.87, for a total transaction of $399,051.15. Following the completion of the transaction, the executive vice president directly owned 68,573 shares in the company, valued at approximately $10,345,608.51. This represents a 3.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 83,161 shares of company stock worth $12,775,941 in the last ninety days. Insiders own 3.10% of the company’s stock.

Crocs Stock Up 0.2%

CROX stock opened at $159.98 on Thursday. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $161.88. The business’s 50 day simple moving average is $125.95 and its 200 day simple moving average is $112.61. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $7.32 billion, a PE ratio of 11.95, a PEG ratio of 1.27 and a beta of 1.49.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, October 29th. The textile maker reported $3.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.38. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Crocs had a return on equity of 49.35% and a net margin of 16.20%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.92 EPS. As a group, research analysts anticipate that Crocs, Inc. will post 14.62 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CROX shares. Bank of America lifted their price target on shares of Crocs from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. The Goldman Sachs Group reissued a “sell” rating and set a $128.00 price objective on shares of Crocs in a research report on Friday, October 30th. Weiss Ratings upgraded shares of Crocs from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, October 26th. Monness Crespi & Hardt boosted their price objective on shares of Crocs from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Barclays boosted their price objective on shares of Crocs from $139.00 to $178.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.30.

Crocs Profile

Crocs, Inc. designs, markets and distributes casual footwear and related accessories. Its products include clogs, sandals, shoes and boots, with customizable Jibbitz charms among its accessories. The company sells products under the Crocs and HEYDUDE brands. Founded in 2002, Crocs became known for its lightweight molded clogs. It expanded its portfolio with the acquisition of casual footwear brand HEYDUDE in 2022. Crocs serves consumers worldwide through wholesale partners, retail stores and e-commerce.