Shares of Crocs, Inc. (NASDAQ:CROX) hit a new 52-week high on Monday . The stock traded as high as $21.24 and last traded at $20.66, with a volume of 1620705 shares. The stock had previously closed at $19.82.

Several analysts recently weighed in on the stock. Piper Jaffray Companies set a $20.00 price objective on shares of Crocs and gave the stock a “buy” rating in a research note on Friday, June 1st. Pivotal Research raised shares of Crocs from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $15.00 to $21.00 in a research note on Wednesday, July 25th. BidaskClub cut shares of Crocs from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. Zacks Investment Research raised shares of Crocs from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 9th. Finally, Stifel Nicolaus cut shares of Crocs from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $16.00 to $17.00 in a research note on Wednesday, May 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Crocs presently has an average rating of “Hold” and a consensus price target of $15.86.

The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 187.82, a price-to-earnings-growth ratio of 5.10 and a beta of 0.49.

Crocs (NASDAQ:CROX) last released its earnings results on Tuesday, August 7th. The textile maker reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.26. The business had revenue of $328.00 million for the quarter, compared to analyst estimates of $321.47 million. Crocs had a net margin of 2.29% and a return on equity of 13.84%. equities research analysts expect that Crocs, Inc. will post 0.27 EPS for the current year.

In related news, Director Thomas J. Smach sold 74,400 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $20.14, for a total value of $1,498,416.00. Following the transaction, the director now owns 125,262 shares in the company, valued at $2,522,776.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Daniel P. Hart sold 20,831 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $20.00, for a total transaction of $416,620.00. Following the completion of the transaction, the insider now owns 347,706 shares in the company, valued at approximately $6,954,120. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Crocs by 3.7% in the second quarter. BlackRock Inc. now owns 9,800,291 shares of the textile maker’s stock valued at $172,582,000 after buying an additional 347,462 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Crocs by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,246,230 shares of the textile maker’s stock valued at $74,776,000 after buying an additional 23,147 shares during the period. Renaissance Technologies LLC lifted its holdings in Crocs by 8.6% in the second quarter. Renaissance Technologies LLC now owns 3,631,000 shares of the textile maker’s stock valued at $63,942,000 after buying an additional 287,800 shares during the period. Millennium Management LLC lifted its holdings in Crocs by 87.7% in the second quarter. Millennium Management LLC now owns 1,033,773 shares of the textile maker’s stock valued at $18,205,000 after buying an additional 483,069 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new position in Crocs in the first quarter valued at $14,109,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

About Crocs (NASDAQ:CROX)

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.

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