Vise Technologies Inc. Acquires 5,593 Shares of Crocs, Inc. $CROX

Vise Technologies Inc. boosted its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 253.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Baird Financial Group Inc. grew its position in shares of Crocs by 450.1% during the second quarter. Baird Financial Group Inc. now owns 166,345 shares of the textile maker’s stock worth $20,068,000 after buying an additional 136,106 shares in the last quarter. Bank of America Corp DE acquired a new stake in Crocs in the second quarter valued at $33,820,000. Legal & General Group Plc acquired a new stake in Crocs in the second quarter valued at $8,129,000. Corient Private Wealth LP raised its holdings in Crocs by 107.3% in the second quarter. Corient Private Wealth LP now owns 23,832 shares of the textile maker’s stock valued at $2,875,000 after acquiring an additional 12,335 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in Crocs during the 2nd quarter valued at $1,556,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Price Performance

Shares of NASDAQ CROX opened at $151.86 on Monday. Crocs, Inc. has a 1-year low of $73.21 and a 1-year high of $161.88. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.44 and a quick ratio of 0.86. The business’s fifty day moving average price is $123.51 and its two-hundred day moving average price is $111.50. The firm has a market capitalization of $6.94 billion, a PE ratio of 11.34, a P/E/G ratio of 1.21 and a beta of 1.49.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, October 29th. The textile maker reported $3.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.38. Crocs had a net margin of 16.20% and a return on equity of 49.35%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the company posted $2.92 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts expect that Crocs, Inc. will post 14.62 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CROX shares. BTIG Research reissued a “neutral” rating on shares of Crocs in a report on Thursday, October 29th. Barclays upped their target price on shares of Crocs from $139.00 to $178.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Robert W. Baird set a $163.00 target price on shares of Crocs in a research note on Friday, July 31st. Piper Sandler reaffirmed an “overweight” rating on shares of Crocs in a research report on Friday, October 30th. Finally, UBS Group lifted their price target on Crocs from $120.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.30.

Insiders Place Their Bets

In other Crocs news, EVP Rupert George Campbell sold 2,645 shares of the business’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $150.87, for a total transaction of $399,051.15. Following the completion of the transaction, the executive vice president directly owned 68,573 shares of the company’s stock, valued at $10,345,608.51. The trade was a 3.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew Rees sold 40,000 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $152.89, for a total transaction of $6,115,600.00. Following the completion of 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 83,161 shares of company stock worth $12,775,941. 3.10% of the stock is owned by company insiders.

Crocs Company 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.