Cerebellum GP LLC acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,592 shares of the textile maker’s stock, valued at approximately $569,000.
Several other hedge funds have also recently bought and sold shares of CROX. Voya Investment Management LLC raised its holdings in Crocs by 1,822.8% during the third quarter. Voya Investment Management LLC now owns 1,217,642 shares of the textile maker’s stock worth $33,802,000 after acquiring an additional 1,154,314 shares in the last quarter. California Public Employees Retirement System raised its holdings in Crocs by 6.3% during the third quarter. California Public Employees Retirement System now owns 183,839 shares of the textile maker’s stock worth $5,103,000 after acquiring an additional 10,879 shares in the last quarter. Hancock Whitney Corp raised its holdings in Crocs by 40.3% during the third quarter. Hancock Whitney Corp now owns 48,198 shares of the textile maker’s stock worth $1,338,000 after acquiring an additional 13,838 shares in the last quarter. Maverick Capital Ltd. bought a new stake in Crocs during the third quarter worth about $11,171,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in Crocs during the third quarter worth about $3,045,000.
In other Crocs news, major shareholder Holdings L.P. Blackstone III sold 6,864,545 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $35.42, for a total value of $243,142,183.90. 2.42% of the stock is owned by corporate insiders.
NASDAQ:CROX opened at $42.80 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.68 and a debt-to-equity ratio of 2.80. The stock’s 50 day moving average price is $39.08 and its two-hundred day moving average price is $30.38. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 49.77, a P/E/G ratio of 1.36 and a beta of 1.01. Crocs, Inc. has a 12-month low of $17.52 and a 12-month high of $43.79.
Crocs (NASDAQ:CROX) last released its quarterly earnings data on Wednesday, October 30th. The textile maker reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.16. The firm had revenue of $312.80 million for the quarter, compared to analyst estimates of $302.06 million. Crocs had a return on equity of 78.24% and a net margin of 7.49%. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 earnings per share. Equities research analysts expect that Crocs, Inc. will post 1.62 EPS for the current year.
Several analysts recently issued reports on CROX shares. Piper Jaffray Companies reiterated a “buy” rating and set a $44.00 target price on shares of Crocs in a report on Tuesday, December 24th. Susquehanna Bancshares upgraded Crocs from a “neutral” rating to a “positive” rating in a research note on Thursday, January 2nd. Pivotal Research restated a “buy” rating and issued a $49.00 price objective on shares of Crocs in a research note on Thursday, January 9th. Monness Crespi & Hardt upped their price objective on Crocs from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, ValuEngine upgraded Crocs from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Crocs currently has a consensus rating of “Buy” and an average target price of $38.50.
Crocs Company Profile
Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.
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