Swiss National Bank decreased its holdings in shares of Crocs, Inc. (NASDAQ:CROX – Free Report) by 10.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,300 shares of the textile maker’s stock after selling 15,600 shares during the period. Swiss National Bank owned about 0.21% of Crocs worth $16,854,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co. NY increased its stake in Crocs by 2.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,730 shares of the textile maker’s stock valued at $404,000 after purchasing an additional 90 shares during the last quarter. Metropolitan Life Insurance Co NY grew its position in shares of Crocs by 2.5% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 3,730 shares of the textile maker’s stock worth $404,000 after acquiring an additional 90 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Crocs by 1.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,851 shares of the textile maker’s stock worth $743,000 after acquiring an additional 94 shares during the period. Securian Asset Management Inc. grew its position in Crocs by 1.8% in the 4th quarter. Securian Asset Management Inc. now owns 5,713 shares of the textile maker’s stock valued at $619,000 after buying an additional 100 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC grew its position in Crocs by 1.4% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 7,200 shares of the textile maker’s stock valued at $910,000 after buying an additional 100 shares in the last quarter. Institutional investors own 90.29% of the company’s stock.
Insider Activity at Crocs
In other news, Director Thomas J. Smach acquired 478 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were purchased at an average cost of $104.53 per share, with a total value of $49,965.34. Following the acquisition, the director now directly owns 203,362 shares in the company, valued at approximately $21,257,429.86. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, President Michelle Poole sold 8,832 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $111.00, for a total transaction of $980,352.00. Following the completion of the sale, the president now directly owns 110,209 shares in the company, valued at approximately $12,233,199. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas J. Smach bought 478 shares of the company’s stock in a transaction on Friday, July 28th. The stock was purchased at an average price of $104.53 per share, with a total value of $49,965.34. Following the completion of the transaction, the director now directly owns 203,362 shares of the company’s stock, valued at approximately $21,257,429.86. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 6,468 shares of company stock worth $648,318 and have sold 24,059 shares worth $2,574,825. 2.69% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Report on Crocs
Crocs Trading Up 0.4 %
NASDAQ CROX opened at $98.51 on Wednesday. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 9.21 and a beta of 1.89. The stock’s 50 day moving average price is $110.53 and its two-hundred day moving average price is $117.55. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.00 and a current ratio of 1.65. Crocs, Inc. has a 52 week low of $65.17 and a 52 week high of $151.32.
Crocs (NASDAQ:CROX – Get Free Report) last released its earnings results on Thursday, July 27th. The textile maker reported $3.59 EPS for the quarter, beating the consensus estimate of $2.98 by $0.61. Crocs had a return on equity of 81.96% and a net margin of 17.21%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the business posted $3.24 EPS. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. As a group, analysts anticipate that Crocs, Inc. will post 12.14 earnings per share for the current fiscal year.
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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