Crocs, Inc. (NASDAQ:CROX) Stock Position Decreased by Shellback Capital LP

Shellback Capital LP decreased its stake in Crocs, Inc. (NASDAQ:CROX) by 68.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,374 shares of the textile maker’s stock after selling 129,114 shares during the period. Shellback Capital LP owned 0.10% of Crocs worth $8,811,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CROX. Rise Advisors LLC acquired a new position in Crocs during the 1st quarter valued at about $25,000. GHP Investment Advisors Inc. grew its holdings in 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 in the last quarter. Quest Partners LLC acquired a new stake in Crocs in the 4th quarter valued at approximately $53,000. Blue Trust Inc. raised its stake in Crocs by 19.3% during the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock valued at $144,000 after acquiring an additional 162 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Crocs by 8.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,041 shares of the textile maker’s stock worth $152,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Price Performance

NASDAQ CROX opened at $147.40 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. Crocs, Inc. has a 1 year low of $74.00 and a 1 year high of $165.32. The company has a market cap of $8.75 billion, a PE ratio of 11.41, a PEG ratio of 1.44 and a beta of 2.00. The stock’s 50-day moving average price is $135.19 and its two-hundred day moving average price is $138.31.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, August 1st. The textile maker reported $4.01 EPS for the quarter, beating the consensus estimate of $3.59 by $0.42. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm earned $3.59 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts predict that Crocs, Inc. will post 12.85 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on CROX shares. StockNews.com upgraded shares of Crocs from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Wedbush restated an “outperform” rating and issued a $170.00 target price on shares of Crocs in a research report on Monday, July 29th. KeyCorp lifted their price target on Crocs from $149.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday. Barclays cut their price objective on Crocs from $169.00 to $164.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, UBS Group lowered their target price on Crocs from $148.00 to $146.00 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and an average target price of $160.82.

Insider Activity

In other news, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the transaction, the director now owns 81,254 shares in the company, valued at $10,756,404.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director John B. Replogle acquired 1,996 shares of Crocs stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $123.96 per share, with a total value of $247,424.16. Following the completion of the transaction, the director now owns 7,064 shares in the company, valued at $875,653.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Douglas J. Treff sold 10,594 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $132.38, for a total value of $1,402,433.72. Following the completion of the transaction, the director now directly owns 81,254 shares in the company, valued at $10,756,404.52. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company’s stock.

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.