According to the most recent statement that the company has submitted to the S.E.C., Landscape Capital Management L.L.C. increased the number of shares of Crocs, Inc. (NASDAQ: CROX) that it held in its portfolio during the third quarter. The institutional investor paid nearly 11 million, two hundred and forty thousand dollars for 160,504 shares of common stock in the textile manufacturer. With a holding size that accounts for approximately 1.4% of the company’s total assets, Crocs is the 12th largest holding that Landscape Capital Management L.L.C. has. The most recent filing that Landscape Capital Management L.L.C. has made with the S.E.C. indicates that the company owns 0.26% of Crocs.
In recent months, hedge funds and other institutional investors have seen significant shifts in strategy regarding how they invest in the company. During the third quarter, Ellevest Inc. saw a 6,750.0% increase in the number of shares of Crocs that it held. Following the completion of the period, Ellevest Inc. had a total of 411 shares held by the textile manufacturer. These 411 shares have a combined value of $28,000, and the company acquired an additional 405 shares during the period. Daiwa Securities Group Inc. invested approximately 344,000 dollars during the third quarter as part of an increase in that company’s existing investment in Crocs. Voss Capital L.L.C. increased its stake in Crocs by purchasing additional company shares during the third quarter, resulting in a transaction with a total value of approximately $6,185,000. During the third quarter, Lisanti Capital Growth L.L.C. saw a 25.9% increase in the number of shares of Crocs that it held in its portfolio. Following the acquisition of an additional 21,380 shares during the quarter, Lisanti Capital Growth L.L.C. now holds 103,785 shares of the textile manufacturer’s stock. Each of these shares has a current value of $7,126,000. Last but not least, during the third quarter, Kestra Advisory Services L.L.C. increased its holdings by diversifying its portfolio by acquiring a new position in Crocs at a price of approximately $283,000. Financial institutions hold the vast majority of the company’s shares, accounting for 84.95% of the total.
Various research analysts from various companies have made recent comments concerning CROX shares. UBS Group upgraded Crocs from a “neutral” rating to an “overweight” rating and increased their price target on the stock from $107.00 to $120.00 in a research report published on Thursday, January 12. Exane BNP Paribas announced that it would begin coverage of Crocs shares on September 21 by publishing a research note. This action brought the news to the general public. They assigned a ” neutral ” rating to the stock for their investment portfolio. The news that BNP Paribas will begin providing coverage of Crocs shares was made public on September 21 when the firm published a research note announcing the move. They assigned a ” neutral ” rating to the stock for their investment portfolio. The price objective that Loop Capital has placed on Crocs shares has increased from $110.00 to $165.00 due to a research note published on Tuesday. In a research note published on January 12, Piper Sandler increased their price objective on Crocs shares from $118.00 to $145.00 and classified the company as “overweight.” In comparison, five research analysts have given the company a “hold” rating, while six have given the stock a “buy” rating. According to information provided by the website Bloomberg.com, the current average rating for the company is “Moderate Buy,” and the price objective for each share is $121.29.
The NASDAQ: CROX stock started the trading day on Wednesday for $129. The moving averages for the company over the previous 50 days are $102,19, and over the previous 200 days, they are $82.3. Crocs, Inc. has e