Bridgewater Associates LP Grows Holdings in Crocs, Inc. (NASDAQ:CROX)

Bridgewater Associates LP increased its position in Crocs, Inc. (NASDAQ:CROX) by 48.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,752 shares of the textile maker’s stock after acquiring an additional 29,166 shares during the quarter. Bridgewater Associates LP’s holdings in Crocs were worth $12,997,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CROX. Bayesian Capital Management LP purchased a new stake in Crocs in the 1st quarter worth approximately $212,000. Janus Henderson Group PLC grew its holdings in Crocs by 0.5% during the 1st quarter. Janus Henderson Group PLC now owns 33,381 shares of the textile maker’s stock valued at $4,798,000 after buying an additional 173 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Crocs by 8.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,456 shares of the textile maker’s stock valued at $497,000 after buying an additional 280 shares in the last quarter. Tidal Investments LLC grew its holdings in Crocs by 145.8% during the 1st quarter. Tidal Investments LLC now owns 18,194 shares of the textile maker’s stock valued at $2,616,000 after buying an additional 10,791 shares in the last quarter. Finally, Boston Partners purchased a new stake in Crocs during the 1st quarter valued at approximately $10,771,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Crocs

In other Crocs news, CFO Susan L. Healy bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was acquired at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John B. Replogle bought 2,240 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average price of $112.60 per share, with a total value of $252,224.00. Following the completion of the transaction, 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 position. The disclosure for this purchase can be found here. Corporate insiders own 2.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CROX. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and increased their price objective for the company from $135.00 to $163.00 in a report on Thursday, August 22nd. KeyCorp cut their price objective on shares of Crocs from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. UBS Group cut their price objective on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, Robert W. Baird lowered their target price on Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and a consensus target price of $148.80.

Crocs Stock Up 1.5 %

Shares of CROX opened at $105.60 on Friday. The company has a market cap of $6.15 billion, a PE ratio of 7.66, a P/E/G ratio of 1.10 and a beta of 2.01. The business has a fifty day moving average of $123.20 and a 200 day moving average of $135.04. Crocs, Inc. has a 52-week low of $85.71 and a 52-week high of $165.32. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

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

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.