Wellington Management Group LLP Trims Stock Position in Crocs, Inc. (NASDAQ:CROX)

Wellington Management Group LLP trimmed its holdings in Crocs, Inc. (NASDAQ:CROX) by 22.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 939,590 shares of the textile maker’s stock after selling 271,931 shares during the quarter. Wellington Management Group LLP’s holdings in Crocs were worth $136,062,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Davis Investment Partners LLC boosted its stake in shares of Crocs by 0.8% in the third quarter. Davis Investment Partners LLC now owns 9,673 shares of the textile maker’s stock worth $1,362,000 after buying an additional 77 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Crocs by 8.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock worth $152,000 after purchasing an additional 85 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in shares of Crocs by 8.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,350 shares of the textile maker’s stock worth $195,000 after purchasing an additional 100 shares during the period. 180 Wealth Advisors LLC increased its holdings in shares of Crocs by 1.6% during the 2nd quarter. 180 Wealth Advisors LLC now owns 7,248 shares of the textile maker’s stock valued at $1,036,000 after purchasing an additional 111 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of Crocs by 10.3% in the 3rd quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock valued at $178,000 after purchasing an additional 114 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director John B. Replogle bought 2,240 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were bought at an average price of $112.60 per share, with a total value of $252,224.00. Following the completion of the transaction, the director now directly owns 9,304 shares of the company’s stock, valued at $1,047,630.40. This represents a 31.71 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Susan L. Healy purchased 1,000 shares of the company’s stock in a transaction 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 of the company’s stock, 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. Corporate insiders own 2.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CROX. Raymond James cut shares of Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Needham & Company LLC assumed coverage on Crocs in a research report on Friday, November 22nd. They issued a “buy” rating and a $116.00 price objective for the company. Barclays dropped their price target on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and increased their price objective for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. Finally, Robert W. Baird decreased their price target on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Crocs currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.80.

Crocs Trading Up 0.8 %

Shares of CROX stock opened at $110.59 on Tuesday. Crocs, Inc. has a twelve month low of $85.71 and a twelve month high of $165.32. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 1.11 and a beta of 1.98. The company’s 50-day moving average price is $117.81 and its 200-day moving average price is $133.11. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results 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. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company posted $3.25 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities analysts predict 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.