Duality Advisers LP Invests $890,000 in Crocs, Inc. (NASDAQ:CROX)

Duality Advisers LP bought a new position in Crocs, Inc. (NASDAQ:CROX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,528 shares of the textile maker’s stock, valued at approximately $890,000.

Several other large investors have also recently bought and sold shares of CROX. Voss Capital LLC lifted its holdings in Crocs by 610.0% during the 3rd quarter. Voss Capital LLC now owns 710,000 shares of the textile maker’s stock worth $62,643,000 after buying an additional 610,000 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Crocs by 141.1% during the 3rd quarter. AQR Capital Management LLC now owns 720,554 shares of the textile maker’s stock worth $63,574,000 after buying an additional 421,712 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in Crocs during the 3rd quarter worth $34,823,000. Assenagon Asset Management S.A. lifted its holdings in Crocs by 60.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,024,452 shares of the textile maker’s stock worth $90,387,000 after buying an additional 384,390 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. acquired a new position in Crocs during the 3rd quarter worth $17,646,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Buying and Selling

In related news, EVP Daniel P. Hart sold 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $118.48, for a total value of $1,184,800.00. Following the completion of the transaction, the executive vice president now directly owns 219,293 shares of the company’s stock, valued at approximately $25,981,834.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, President Michelle Poole sold 4,793 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $119.15, for a total transaction of $571,085.95. Following the completion of the transaction, the president now directly owns 64,912 shares in the company, valued at approximately $7,734,264.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Daniel P. Hart sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $118.48, for a total transaction of $1,184,800.00. Following the completion of the sale, the executive vice president now owns 219,293 shares of the company’s stock, valued at $25,981,834.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,867 shares of company stock valued at $4,786,276. Company insiders own 2.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Raymond James upped their price objective on Crocs from $120.00 to $145.00 and gave the stock a “strong-buy” rating in a report on Friday, February 16th. Piper Sandler upped their target price on shares of Crocs from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. KeyCorp upped their target price on shares of Crocs from $130.00 to $149.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. UBS Group upped their target price on shares of Crocs from $117.00 to $124.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, OTR Global upgraded shares of Crocs from a “mixed” rating to a “positive” rating in a research report on Thursday, April 11th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $145.17.

Crocs Price Performance

CROX opened at $125.77 on Thursday. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. Crocs, Inc. has a 12 month low of $74.00 and a 12 month high of $150.56. The company has a fifty day simple moving average of $128.14 and a 200 day simple moving average of $107.07. The stock has a market cap of $7.61 billion, a P/E ratio of 9.82, a P/E/G ratio of 1.60 and a beta of 2.01.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, February 15th. The textile maker reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.20. The firm had revenue of $960.10 million during the quarter, compared to analyst estimates of $958.39 million. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.65 EPS. On average, research analysts expect that Crocs, Inc. will post 12.44 EPS for the current 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.