Pacer Advisors Inc. Acquires 577,467 Shares of Crocs, Inc. (NASDAQ:CROX)

Pacer Advisors Inc. increased its holdings in Crocs, Inc. (NASDAQ:CROX) by 39.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,037,121 shares of the textile maker’s stock after buying an additional 577,467 shares during the quarter. Pacer Advisors Inc. owned about 3.50% of Crocs worth $223,126,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CROX. FMR LLC grew its stake in shares of Crocs by 4.8% in the third quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after acquiring an additional 406,287 shares during the period. State Street Corp boosted its holdings in Crocs by 0.7% in the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock worth $262,467,000 after purchasing an additional 13,467 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in Crocs by 34.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock worth $20,227,000 after purchasing an additional 46,890 shares during the period. Townsend & Associates Inc raised its stake in Crocs by 1.5% during the 3rd quarter. Townsend & Associates Inc now owns 129,423 shares of the textile maker’s stock valued at $18,742,000 after buying an additional 1,975 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Crocs during the 3rd quarter valued at $17,122,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Performance

NASDAQ:CROX opened at $103.59 on Monday. The stock has a 50-day moving average price of $107.68 and a 200 day moving average price of $122.87. The stock has a market capitalization of $6.04 billion, a P/E ratio of 7.51, a P/E/G ratio of 1.79 and a beta of 1.95. Crocs, Inc. has a 12-month low of $94.50 and a 12-month high of $165.32. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.50. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business posted $3.25 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts forecast that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CROX. UBS Group cut their price objective on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Monness Crespi & Hardt cut their price target on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Needham & Company LLC initiated coverage on shares of Crocs in a research note on Friday, November 22nd. They issued a “buy” rating and a $116.00 price objective on the stock. Loop Capital downgraded shares of Crocs from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $150.00 to $110.00 in a report on Thursday, November 7th. Finally, Guggenheim reaffirmed a “buy” rating and set a $155.00 target price on shares of Crocs in a report on Friday, December 6th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $146.80.

Insiders Place Their Bets

In other news, Director John B. Replogle acquired 2,240 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of $112.60 per share, with a total value of $252,224.00. Following the acquisition, the director now directly owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. The trade was a 31.71 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Susan L. Healy bought 1,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were purchased at an average price of $99.70 per share, with a total value of $99,700.00. Following the completion of the transaction, the chief financial officer now directly owns 22,652 shares in the company, 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. Corporate insiders own 2.72% of the company’s stock.

Crocs Company 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.