Dynamic Technology Lab Private Ltd Takes $980,000 Position in Crocs, Inc. (NASDAQ:CROX)

Dynamic Technology Lab Private Ltd acquired a new position in Crocs, Inc. (NASDAQ:CROX) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,767 shares of the textile maker’s stock, valued at approximately $980,000.

Other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its position in Crocs by 33.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,459,654 shares of the textile maker’s stock worth $211,372,000 after acquiring an additional 368,557 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Crocs by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker’s stock worth $131,634,000 after purchasing an additional 11,986 shares during the period. Dimensional Fund Advisors LP grew its position in Crocs by 12.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker’s stock valued at $115,322,000 after buying an additional 89,610 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. raised its position in shares of Crocs by 6.7% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 521,726 shares of the textile maker’s stock worth $76,141,000 after buying an additional 32,984 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Crocs by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 325,516 shares of the textile maker’s stock worth $47,506,000 after buying an additional 22,069 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Williams Trading upgraded shares of Crocs from a “hold” rating to a “buy” rating and raised their price objective for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. Guggenheim dropped their price objective on Crocs from $182.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Needham & Company LLC began coverage on Crocs in a research note on Friday, November 22nd. They set a “buy” rating and a $116.00 target price for the company. KeyCorp dropped their price target on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, Barclays reduced their price objective on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $148.80.

Crocs Price Performance

Shares of NASDAQ:CROX opened at $105.60 on Thursday. The company has a market cap of $6.15 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 1.10 and a beta of 2.01. The company’s fifty day moving average is $123.89 and its two-hundred day moving average is $135.24. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. Crocs, Inc. has a 12-month low of $85.71 and a 12-month high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business earned $3.25 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities analysts expect that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

Insider Activity at Crocs

In other news, Director John B. Replogle acquired 2,240 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the acquisition, the director now owns 9,304 shares in the company, valued at approximately $1,047,630.40. The trade was a 31.71 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Susan L. Healy bought 1,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was purchased at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the purchase, the chief financial officer now directly owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. This represents a 4.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by 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.