Portolan Capital Management LLC Acquires 28,403 Shares of Crocs, Inc. (NASDAQ:CROX)

Portolan Capital Management LLC increased its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 44.8% during the third quarter, HoldingsChannel.com reports. The fund owned 91,776 shares of the textile maker’s stock after buying an additional 28,403 shares during the quarter. Portolan Capital Management LLC’s holdings in Crocs were worth $13,290,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling at Crocs

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

Crocs Price Performance

NASDAQ CROX opened at $111.25 on Wednesday. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 1.11 and a beta of 1.98. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. The business’s fifty day moving average price is $121.21 and its 200-day moving average price is $134.20. Crocs, Inc. has a 1-year low of $85.71 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX) last released its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.50. The company had revenue of $1.06 billion for 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 quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.25 earnings per share. On average, equities analysts predict that Crocs, Inc. will post 12.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CROX shares. Guggenheim reduced their price target on Crocs from $182.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Williams Trading raised Crocs from a “hold” rating to a “buy” rating and boosted their target price for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $170.00 price target on shares of Crocs in a research report on Friday, August 23rd. Finally, Barclays lowered their price target on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.80.

Crocs 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.