Trexquant Investment LP Grows Position in Crocs, Inc. (NASDAQ:CROX)

Trexquant Investment LP raised its holdings in Crocs, Inc. (NASDAQ:CROX) by 35.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,447 shares of the textile maker’s stock after acquiring an additional 6,958 shares during the period. Trexquant Investment LP’s holdings in Crocs were worth $2,470,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Byrne Asset Management LLC raised its holdings in shares of Crocs by 60.0% during the 4th quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock valued at $30,000 after buying an additional 120 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Crocs by 185.0% during the 4th quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock valued at $32,000 after buying an additional 222 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Crocs during the 4th quarter valued at about $56,000. Manchester Capital Management LLC raised its holdings in shares of Crocs by 1,673.5% during the 4th quarter. Manchester Capital Management LLC now owns 603 shares of the textile maker’s stock valued at $56,000 after buying an additional 569 shares in the last quarter. Finally, Mendota Financial Group LLC raised its holdings in shares of Crocs by 50.6% during the 4th quarter. Mendota Financial Group LLC now owns 810 shares of the textile maker’s stock valued at $76,000 after buying an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Price Performance

Shares of CROX stock opened at $148.92 on Friday. The firm has a market cap of $9.04 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.69 and a beta of 2.03. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.14 and a current ratio of 1.76. The business’s 50 day moving average price is $134.15 and its 200-day moving average price is $114.79. Crocs, Inc. has a fifty-two week low of $74.00 and a fifty-two week high of $150.71.

Crocs (NASDAQ:CROX) last released its earnings results on Tuesday, May 7th. The textile maker reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.77. The company had revenue of $938.60 million during the quarter, compared to analysts’ expectations of $884.29 million. Crocs had a return on equity of 56.33% and a net margin of 19.80%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.61 EPS. On average, equities research analysts anticipate that Crocs, Inc. will post 12.66 earnings per share for the current year.

Insider Activity

In other news, Director Thomas J. Smach sold 10,174 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $140.32, for a total value of $1,427,615.68. Following the completion of the transaction, the director now owns 115,339 shares in the company, valued at approximately $16,184,368.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Crocs news, Director Thomas J. Smach sold 10,174 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $140.32, for a total value of $1,427,615.68. Following the sale, the director now directly owns 115,339 shares of the company’s stock, valued at $16,184,368.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John B. Replogle bought 1,972 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was bought at an average cost of $126.75 per share, for a total transaction of $249,951.00. Following the completion of the acquisition, the director now directly owns 3,153 shares of the company’s stock, valued at approximately $399,642.75. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CROX has been the topic of a number of research reports. Raymond James raised their price objective on Crocs from $120.00 to $145.00 and gave the company a “strong-buy” rating in a report on Friday, February 16th. Williams Trading restated a “hold” rating and set a $125.00 price target (down from $135.00) on shares of Crocs in a research report on Tuesday, April 16th. Piper Sandler raised their price target on Crocs from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Bank of America raised their price target on Crocs from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Finally, B. Riley raised their price target on Crocs from $95.00 to $122.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.75.

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.