Qsemble Capital Management LP Boosts Holdings in Crocs, Inc. (NASDAQ:CROX)

Qsemble Capital Management LP grew its position in shares of Crocs, Inc. (NASDAQ:CROX) by 309.5% in the third quarter, Holdings Channel reports. The firm owned 7,064 shares of the textile maker’s stock after purchasing an additional 5,339 shares during the period. Qsemble Capital Management LP’s holdings in Crocs were worth $1,023,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CROX. Crossmark Global Holdings Inc. grew its position in Crocs by 55.8% during the third quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock worth $5,820,000 after buying an additional 14,387 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Crocs by 585.5% during the third quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock worth $3,526,000 after purchasing an additional 20,797 shares in the last quarter. Catalyst Capital Advisors LLC increased its position in shares of Crocs by 2,775.6% in the third quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock worth $1,145,000 after purchasing an additional 7,633 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Crocs in the third quarter valued at approximately $2,024,000. Finally, International Assets Investment Management LLC bought a new stake in Crocs during the third quarter valued at approximately $2,076,000. Institutional investors own 93.44% of the company’s stock.

Insider Activity

In other Crocs news, Director John B. Replogle bought 2,240 shares of Crocs stock in a transaction on Wednesday, October 30th. The stock was acquired at an average cost of $112.60 per share, with a total value 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. This represents a 31.71 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Susan L. Healy purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were acquired 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 in the company, valued at approximately $2,258,404.40. The trade was a 4.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. KeyCorp lowered their price objective 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. Monness Crespi & Hardt reduced their target price on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Needham & Company LLC initiated coverage on shares of Crocs in a report on Friday, November 22nd. They issued a “buy” rating and a $116.00 price objective for the company. Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and reduced their target price for the company from $150.00 to $110.00 in a report on Thursday, November 7th. Finally, UBS Group reduced their price target on Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Crocs has an average rating of “Moderate Buy” and a consensus target price of $148.80.

Crocs Trading Down 4.1 %

Shares of NASDAQ:CROX opened at $104.06 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. Crocs, Inc. has a 1 year low of $85.71 and a 1 year high of $165.32. The company has a market cap of $6.06 billion, a P/E ratio of 7.55, a PEG ratio of 1.07 and a beta of 2.01. The stock’s fifty day moving average price is $124.58 and its 200-day moving average price is $135.52.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.50. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.25 earnings per share. Sell-side analysts expect that Crocs, Inc. will post 12.93 earnings per share for the current year.

Crocs Company 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.