Dupont Capital Management Corp lowered its stake in Crocs, Inc. (NASDAQ:CROX – Free Report) by 73.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,105 shares of the textile maker’s stock after selling 3,016 shares during the quarter. Dupont Capital Management Corp’s holdings in Crocs were worth $140,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of CROX. Lindbrook Capital LLC raised its position in Crocs by 246.4% in the fourth quarter. Lindbrook Capital LLC now owns 239 shares of the textile maker’s stock worth $26,000 after acquiring an additional 170 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in Crocs in the fourth quarter worth about $28,000. Quent Capital LLC bought a new stake in Crocs in the fourth quarter worth about $54,000. Signaturefd LLC raised its position in Crocs by 38.7% in the fourth quarter. Signaturefd LLC now owns 620 shares of the textile maker’s stock worth $67,000 after acquiring an additional 173 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Crocs during the 4th quarter worth about $81,000. Institutional investors and hedge funds own 90.29% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on CROX. OTR Global upgraded Crocs from a “mixed” rating to a “positive” rating in a report on Monday, April 17th. Stifel Nicolaus boosted their price objective on Crocs from $133.00 to $150.00 and gave the stock a “hold” rating in a report on Friday, April 21st. Raymond James began coverage on Crocs in a report on Tuesday, June 13th. They set a “market perform” rating on the stock. Robert W. Baird boosted their price objective on Crocs from $175.00 to $185.00 in a report on Friday, April 28th. Finally, B. Riley boosted their price objective on Crocs from $157.00 to $159.00 in a report on Friday, April 28th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $158.00.
Crocs Trading Up 0.8 %
Crocs (NASDAQ:CROX – Get Free Report) last announced its quarterly earnings results on Thursday, April 27th. The textile maker reported $2.61 EPS for the quarter, beating the consensus estimate of $2.15 by $0.46. The business had revenue of $884.20 million during the quarter, compared to analysts’ expectations of $857.76 million. Crocs had a return on equity of 98.41% and a net margin of 16.33%. The firm’s quarterly revenue was up 33.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.05 EPS. As a group, equities research analysts forecast that Crocs, Inc. will post 11.53 earnings per share for the current fiscal year.
Insider Activity at Crocs
In related news, CEO Andrew Rees sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $150.05, for a total value of $1,500,500.00. Following the completion of the sale, the chief executive officer now owns 89,748 shares of the company’s stock, valued at approximately $13,466,687.40. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Crocs news, CEO Andrew Rees sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $150.05, for a total transaction of $1,500,500.00. Following the completion of the sale, the chief executive officer now owns 89,748 shares of the company’s stock, valued at $13,466,687.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michelle Poole sold 10,125 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $107.90, for a total value of $1,092,487.50. Following the sale, the president now directly owns 119,041 shares of the company’s stock, valued at approximately $12,844,523.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,957 shares of company stock valued at $3,573,340. 2.69% of the stock is owned by corporate insiders.
About Crocs
Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, shoe charms, and slippers under the Crocs brand name.
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