Private Trust Co. NA Sells 1,046 Shares of Crocs, Inc. (NASDAQ:CROX)

Private Trust Co. NA cut its position in shares of Crocs, Inc. (NASDAQ:CROX) by 32.4% during the 3rd quarter, Holdings Channel reports. The firm owned 2,178 shares of the textile maker’s stock after selling 1,046 shares during the quarter. Private Trust Co. NA’s holdings in Crocs were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of CROX. Bayesian Capital Management LP bought a new stake in Crocs in the first quarter valued at approximately $212,000. Kennedy Capital Management LLC acquired a new stake in Crocs during the 1st quarter valued at $2,103,000. Janus Henderson Group PLC boosted its position in Crocs by 0.5% during the first quarter. Janus Henderson Group PLC now owns 33,381 shares of the textile maker’s stock worth $4,798,000 after purchasing an additional 173 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in shares of Crocs by 8.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,456 shares of the textile maker’s stock valued at $497,000 after purchasing an additional 280 shares during the last quarter. Finally, Tidal Investments LLC raised its position in shares of Crocs by 145.8% in the first quarter. Tidal Investments LLC now owns 18,194 shares of the textile maker’s stock valued at $2,616,000 after purchasing an additional 10,791 shares during the period. 93.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on CROX. Guggenheim reduced their target price on shares of Crocs from $182.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Piper Sandler restated an “overweight” rating and issued a $170.00 price target on shares of Crocs in a research note on Friday, August 23rd. Barclays lowered their price objective on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Finally, Monness Crespi & Hardt reduced their target price on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $148.80.

Insider Buying and Selling at Crocs

In related news, Director John B. Replogle purchased 2,240 shares of Crocs stock in a transaction dated Wednesday, October 30th. The shares were bought at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the purchase, the director now owns 9,304 shares in the company, valued at approximately $1,047,630.40. This trade represents a 31.71 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Susan L. Healy acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average price of $99.70 per share, with a total value of $99,700.00. Following the completion of the transaction, the chief financial officer now owns 22,652 shares in the company, valued at $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. Company insiders own 2.72% of the company’s stock.

Crocs Stock Performance

NASDAQ CROX opened at $105.60 on Thursday. Crocs, Inc. has a 1 year low of $85.71 and a 1 year high of $165.32. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of 1.10 and a beta of 2.01. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The firm’s 50 day simple moving average is $123.89 and its 200 day simple moving average is $135.24.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the company posted $3.25 EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, research analysts expect that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

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.