Crocs, Inc. (NASDAQ:CROX) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lessened its stake in Crocs, Inc. (NASDAQ:CROX) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,166 shares of the textile maker’s stock after selling 93 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Crocs were worth $316,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CROX. Coatue Management LLC raised its position in shares of Crocs by 836.7% during the 4th quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock valued at $96,190,000 after acquiring an additional 919,835 shares in the last quarter. Patient Capital Management LLC bought a new position in shares of Crocs in the 4th quarter worth about $39,420,000. Goldman Sachs Group Inc. boosted its holdings in shares of Crocs by 46.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 770,281 shares of the textile maker’s stock valued at $71,952,000 after buying an additional 245,240 shares during the period. National Bank of Canada FI grew its position in shares of Crocs by 8,437.1% during the 2nd quarter. National Bank of Canada FI now owns 182,695 shares of the textile maker’s stock valued at $26,993,000 after buying an additional 180,555 shares during the last quarter. Finally, Rheos Capital Works Inc. acquired a new stake in Crocs during the first quarter worth about $22,720,000. Institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and set a $170.00 target price on shares of Crocs in a report on Friday, August 23rd. StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a research note on Friday, August 23rd. Williams Trading upgraded shares of Crocs from a “hold” rating to a “buy” rating and upped their price target for the stock from $135.00 to $163.00 in a research report on Thursday, August 22nd. Wedbush reiterated an “outperform” rating and issued a $170.00 price objective on shares of Crocs in a research report on Monday, July 29th. Finally, UBS Group decreased their target price on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a research report on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.82.

Insider Buying and Selling

In related news, Director John B. Replogle purchased 1,996 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were bought at an average price of $123.96 per share, with a total value of $247,424.16. Following the completion of the acquisition, the director now owns 7,064 shares of the company’s stock, valued at $875,653.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director John B. Replogle acquired 1,996 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of $123.96 per share, for a total transaction of $247,424.16. Following the acquisition, 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 can be accessed through the SEC website. Also, Director Douglas J. Treff sold 10,594 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now owns 81,254 shares of the company’s stock, valued at $10,756,404.52. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by insiders.

Crocs Stock Performance

CROX opened at $144.31 on Monday. Crocs, Inc. has a 1-year low of $74.00 and a 1-year high of $165.32. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 1.44 and a beta of 2.00. The business has a 50 day moving average price of $135.41 and a two-hundred day moving average price of $138.58. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 0.95.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.59 by $0.42. Crocs had a return on equity of 53.20% and a net margin of 20.02%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company earned $3.59 earnings per share. Crocs’s revenue was up 3.6% compared to the same quarter last year. Research analysts predict that Crocs, Inc. will post 12.85 EPS for the current fiscal year.

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.