Crocs, Inc. $CROX Stock Bought by Vise Technologies Inc.

Vise Technologies Inc. lifted its holdings in Crocs, Inc. (NASDAQ:CROX) by 253.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,799 shares of the textile maker’s stock after purchasing an additional 5,593 shares during the quarter. Vise Technologies Inc.’s holdings in Crocs were worth $915,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Crocs during the second quarter valued at about $561,223,000. Patient Capital Management LLC acquired a new stake in Crocs in the second quarter worth about $96,443,000. Bank of New York Mellon Corp bought a new position in Crocs in the 2nd quarter valued at about $39,610,000. Bank of America Corp DE bought a new position in Crocs in the 2nd quarter valued at about $33,820,000. Finally, Baird Financial Group Inc. grew its position in Crocs by 450.1% in the 2nd quarter. Baird Financial Group Inc. now owns 166,345 shares of the textile maker’s stock valued at $20,068,000 after buying an additional 136,106 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Needham & Company LLC raised their target price on shares of Crocs from $150.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Bank of America upped their price target on shares of Crocs from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Barclays increased their price objective on shares of Crocs from $139.00 to $178.00 and gave the company an “overweight” rating in a report on Friday, October 30th. UBS Group raised their price objective on shares of Crocs from $120.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, October 30th. Finally, Monness Crespi & Hardt raised their price objective on shares of Crocs from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $158.30.

Insider Buying and Selling

In other news, Director Douglas Treff sold 10,714 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $159.21, for a total transaction of $1,705,775.94. Following the completion of the transaction, the director owned 61,371 shares in the company, valued at approximately $9,770,876.91. This trade represents a 14.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Andrew Rees sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $152.89, for a total transaction of $6,115,600.00. Following the transaction, the chief executive officer owned 673,293 shares of the company’s stock, valued at approximately $102,939,766.77. This trade represents a 5.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 83,161 shares of company stock worth $12,775,941 in the last ninety days. Insiders own 3.10% of the company’s stock.

Crocs Stock Performance

Shares of Crocs stock opened at $151.86 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.96. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 1.21 and a beta of 1.49. The business has a fifty day simple moving average of $123.51 and a 200-day simple moving average of $111.50. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $161.88.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, October 29th. The textile maker reported $3.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.38. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. Crocs had a return on equity of 49.35% and a net margin of 16.20%. Crocs’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.92 earnings per share. On average, equities analysts forecast that Crocs, Inc. will post 14.62 EPS for the current fiscal year.

Crocs Profile

Crocs, Inc designs, markets and distributes casual footwear and related accessories. Its products include clogs, sandals, shoes and boots, with customizable Jibbitz charms among its accessories. The company sells products under the Crocs and HEYDUDE brands.

Founded in 2002, Crocs became known for its lightweight molded clogs. It expanded its portfolio with the acquisition of casual footwear brand HEYDUDE in 2022.

Crocs serves consumers worldwide through wholesale partners, retail stores and e-commerce.