Bridgewater Associates LP Buys 29,166 Shares of Crocs, Inc. (NASDAQ:CROX)

Bridgewater Associates LP increased its stake in Crocs, Inc. (NASDAQ:CROX) by 48.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,752 shares of the textile maker’s stock after buying an additional 29,166 shares during the period. Bridgewater Associates LP owned 0.15% of Crocs worth $12,997,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GHP Investment Advisors Inc. grew its position in shares of Crocs by 375.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after buying an additional 180 shares during the period. Financial Management Professionals Inc. grew its holdings in Crocs by 11,200.0% in the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after purchasing an additional 224 shares during the period. UMB Bank n.a. increased its stake in shares of Crocs by 64.9% during the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 120 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 142 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of Crocs by 109.5% in the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after purchasing an additional 208 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Crocs

In other Crocs news, Director John B. Replogle purchased 2,240 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the purchase, the director now directly owns 9,304 shares of the company’s stock, valued at $1,047,630.40. The trade was a 31.71 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Susan L. Healy acquired 1,000 shares of Crocs stock in a transaction dated Wednesday, November 13th. The stock was bought at an average price of $99.70 per share, with a total value of $99,700.00. Following the completion of the purchase, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. This represents a 4.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is owned by corporate insiders.

Crocs Stock Performance

Shares of CROX opened at $105.60 on Friday. The firm has a market capitalization of $6.15 billion, a P/E ratio of 7.66, a PEG ratio of 1.10 and a beta of 2.01. 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 one year low of $85.71 and a one year high of $165.32. The business has a fifty day moving average of $123.20 and a 200 day moving average of $135.04.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CROX. StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Piper Sandler reaffirmed an “overweight” rating and issued a $170.00 price target on shares of Crocs in a research report on Friday, August 23rd. Guggenheim cut their price objective on shares of Crocs from $182.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Loop Capital cut shares of Crocs from a “buy” rating to a “hold” rating and decreased their target price for the stock from $150.00 to $110.00 in a report on Thursday, November 7th. Finally, KeyCorp dropped their target price on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.80.

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.