Virtus Family Office LLC Purchases 7,643 Shares of Crocs, Inc. $CROX

Virtus Family Office LLC lifted its position in shares of Crocs, Inc. (NASDAQ:CROX) by 62.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,871 shares of the textile maker’s stock after acquiring an additional 7,643 shares during the quarter. Crocs makes up about 1.6% of Virtus Family Office LLC’s investment portfolio, making the stock its 21st largest position. Virtus Family Office LLC’s holdings in Crocs were worth $1,660,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CROX. Lisanti Capital Growth LLC bought a new position in shares of Crocs during the second quarter worth $3,138,000. Fort Washington Investment Advisors Inc. OH lifted its holdings in Crocs by 20.1% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 221,091 shares of the textile maker’s stock worth $18,472,000 after acquiring an additional 36,951 shares in the last quarter. Voss Capital LP bought a new stake in shares of Crocs in the second quarter worth about $40,765,000. AlphaQuest LLC raised its position in shares of Crocs by 9,436.6% during the second quarter. AlphaQuest LLC now owns 7,820 shares of the textile maker’s stock worth $792,000 after purchasing an additional 7,738 shares during the period. Finally, King Luther Capital Management Corp lifted its holdings in shares of Crocs by 18.2% during the 2nd quarter. King Luther Capital Management Corp now owns 42,051 shares of the textile maker’s stock valued at $4,259,000 after purchasing an additional 6,479 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Insider Activity

In other news, Director John B. Replogle bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was acquired at an average cost of $74.50 per share, for a total transaction of $223,500.00. Following the purchase, the director owned 18,417 shares of the company’s stock, valued at approximately $1,372,066.50. This trade represents a 19.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen downgraded shares of Crocs from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Barclays upped their target price on shares of Crocs from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Friday, October 31st. Weiss Ratings cut Crocs from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 26th. Monness Crespi & Hardt lifted their target price on Crocs from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, UBS Group reaffirmed a “neutral” rating on shares of Crocs in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $94.64.

Crocs Stock Down 0.1%

CROX traded down $0.09 during trading on Friday, reaching $84.40. 38,779 shares of the stock were exchanged, compared to its average volume of 1,007,321. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.83 and a current ratio of 1.40. The stock’s 50 day moving average price is $86.67 and its two-hundred day moving average price is $85.44. Crocs, Inc. has a twelve month low of $73.21 and a twelve month high of $122.84. The stock has a market cap of $4.38 billion, a P/E ratio of 27.60 and a beta of 1.56.

Crocs Profile

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.