American Century Companies Inc. lifted its holdings in Crocs, Inc. (NASDAQ:CROX – Free Report) by 22.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,585 shares of the textile maker’s stock after buying an additional 54,190 shares during the quarter. American Century Companies Inc.’s holdings in Crocs were worth $29,734,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the business. Lisanti Capital Growth LLC purchased a new position in Crocs during the second quarter worth approximately $3,138,000. Motley Fool Wealth Management LLC increased its holdings in shares of Crocs by 82.6% during the 1st quarter. Motley Fool Wealth Management LLC now owns 101,978 shares of the textile maker’s stock worth $10,830,000 after buying an additional 46,124 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Crocs during the 1st quarter worth $905,000. Intech Investment Management LLC raised its position in shares of Crocs by 60.4% in the 1st quarter. Intech Investment Management LLC now owns 49,641 shares of the textile maker’s stock worth $5,272,000 after buying an additional 18,697 shares during the period. Finally, Versor Investments LP purchased a new position in shares of Crocs in the 1st quarter worth $1,275,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.
Crocs Stock Down 0.2%
Shares of NASDAQ:CROX opened at $85.25 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.54 and a debt-to-equity ratio of 0.97. Crocs, Inc. has a 52-week low of $73.21 and a 52-week high of $122.84. The company has a 50 day moving average of $80.99 and a two-hundred day moving average of $91.35. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 1.97 and a beta of 1.51.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on CROX shares. UBS Group lowered their price target on Crocs from $110.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, August 11th. Stifel Nicolaus lifted their price objective on Crocs from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, October 31st. Barclays boosted their target price on Crocs from $81.00 to $86.00 and gave the stock an “equal weight” rating in a report on Friday, October 31st. KeyCorp dropped their target price on shares of Crocs from $120.00 to $95.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Finally, Wall Street Zen lowered shares of Crocs from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Crocs has a consensus rating of “Hold” and an average price target of $103.42.
Read Our Latest Analysis on Crocs
Insider Buying and Selling
In other news, Director John B. Replogle acquired 3,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were purchased at an average price of $74.50 per share, for a total transaction of $223,500.00. Following the acquisition, the director directly owned 18,417 shares of the company’s stock, valued at $1,372,066.50. This represents a 19.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by corporate insiders.
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.
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