Ensign Peak Advisors Inc lowered its stake in shares of Crocs, Inc. (NASDAQ:CROX – Free Report) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,945 shares of the textile maker’s stock after selling 1,500 shares during the period. Ensign Peak Advisors Inc’s holdings in Crocs were worth $5,160,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Costello Asset Management INC bought a new stake in Crocs in the 1st quarter valued at about $32,000. Brooklyn Investment Group bought a new stake in shares of Crocs during the first quarter valued at approximately $40,000. Allworth Financial LP grew its position in Crocs by 120.7% in the 2nd quarter. Allworth Financial LP now owns 448 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 245 shares during the period. Ameritas Advisory Services LLC bought a new stake in Crocs during the 2nd quarter valued at $48,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Crocs during the second quarter worth $58,000. Institutional investors own 93.44% of the company’s stock.
Crocs Stock Performance
Shares of CROX opened at $80.33 on Tuesday. The stock has a 50 day moving average of $80.61 and a 200 day moving average of $92.25. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.97 and a beta of 1.51. Crocs, Inc. has a 12 month low of $73.21 and a 12 month high of $122.84. The company has a current ratio of 1.54, a quick ratio of 0.97 and a debt-to-equity ratio of 0.97.
Insider Transactions at Crocs
In related news, Director John B. Replogle acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was acquired at an average price of $74.50 per share, for a total transaction of $223,500.00. Following the completion of the acquisition, the director owned 18,417 shares of the company’s stock, valued at approximately $1,372,066.50. This represents a 19.46% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.00% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on CROX. Barclays upped their target price on shares of Crocs from $81.00 to $86.00 and gave the stock an “equal weight” rating in a report on Friday, October 31st. KeyCorp lowered their price objective on Crocs from $120.00 to $95.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Piper Sandler cut Crocs from an “overweight” rating to a “neutral” rating and cut their target price for the company from $95.00 to $75.00 in a research report on Monday, September 22nd. Zacks Research upgraded Crocs from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Crocs in a research report on Wednesday, November 19th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $103.42.
Read Our Latest Report on CROX
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.
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