Loomis Sayles & Co. L P Trims Stake in Crocs, Inc. (NASDAQ:CROX)

Loomis Sayles & Co. L P cut its position in shares of Crocs, Inc. (NASDAQ:CROX) by 3.7% in the third quarter, Holdings Channel.com reports. The firm owned 122,020 shares of the textile maker’s stock after selling 4,682 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Crocs were worth $17,670,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Crocs during the third quarter valued at approximately $980,000. Algert Global LLC boosted its holdings in Crocs by 17.1% during the 3rd quarter. Algert Global LLC now owns 25,194 shares of the textile maker’s stock valued at $3,648,000 after acquiring an additional 3,670 shares during the period. Cerity Partners LLC grew its position in Crocs by 36.6% in the 3rd quarter. Cerity Partners LLC now owns 10,252 shares of the textile maker’s stock valued at $1,485,000 after acquiring an additional 2,745 shares during the last quarter. Banco Santander S.A. purchased a new stake in Crocs in the third quarter worth $639,000. Finally, Pacer Advisors Inc. lifted its position in shares of Crocs by 33.8% during the third quarter. Pacer Advisors Inc. now owns 1,459,654 shares of the textile maker’s stock worth $211,372,000 after purchasing an additional 368,557 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Insider Activity

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

Crocs Price Performance

NASDAQ CROX opened at $104.06 on Wednesday. The firm’s fifty day simple moving average is $124.58 and its two-hundred day simple moving average is $135.52. The firm has a market capitalization of $6.06 billion, a P/E ratio of 7.55, a P/E/G ratio of 1.07 and a beta of 2.01. 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, Inc. has a 12-month low of $85.71 and a 12-month high of $165.32.

Crocs (NASDAQ:CROX) last announced its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the business earned $3.25 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts forecast that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on CROX. Raymond James cut shares of Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Piper Sandler reaffirmed an “overweight” rating and set a $170.00 target price on shares of Crocs in a research report on Friday, August 23rd. Robert W. Baird lowered their price target on Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. KeyCorp reduced their price objective on Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, Monness Crespi & Hardt lowered their target price on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Crocs presently has an average rating of “Moderate Buy” and a consensus price target of $148.80.

About Crocs

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.