Hudson Bay Capital Management LP Takes Position in Crocs, Inc. (NASDAQ:CROX)

Hudson Bay Capital Management LP bought a new position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 59,751 shares of the textile maker's stock, valued at approximately $6,545,000. Hudson Bay Capital Management LP owned about 0.10% of Crocs as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. grew its stake in shares of Crocs by 46.6% in the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock worth $49,000 after purchasing an additional 142 shares during the last quarter. Allianz SE acquired a new stake in shares of Crocs in the 4th quarter worth about $53,000. TD Waterhouse Canada Inc. raised its holdings in shares of Crocs by 425.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker's stock worth $74,000 after acquiring an additional 549 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Crocs by 38.3% in the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock worth $81,000 after acquiring an additional 206 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in Crocs in the 4th quarter worth about $96,000. Institutional investors own 93.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CROX shares. StockNews.com downgraded shares of Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. KeyCorp decreased their price target on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Stifel Nicolaus cut their price objective on shares of Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Guggenheim cut their price objective on shares of Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Finally, UBS Group raised their price target on shares of Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $139.79.

Crocs Trading Up 0.7%

Shares of CROX stock traded up $0.77 on Friday, hitting $118.04. 564,432 shares of the stock traded hands, compared to its average volume of 1,491,830. The firm's 50-day moving average price is $101.21 and its two-hundred day moving average price is $103.79. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The stock has a market capitalization of $6.62 billion, a PE ratio of 7.38, a PEG ratio of 1.80 and a beta of 1.46. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.51 by $0.49. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The company had revenue of $937.33 million for the quarter, compared to analyst estimates of $907.07 million. During the same period in the prior year, the firm earned $3.02 earnings per share. The business's revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Activity at Crocs

In other news, Director Ian Bickley sold 3,044 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $115.89, for a total transaction of $352,769.16. Following the completion of the sale, the director now owns 27,505 shares in the company, valued at $3,187,554.45. This represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Adam Michaels sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the sale, the executive vice president now owns 89,323 shares of the company's stock, valued at $9,529,870.87. This trade represents a 14.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,703 shares of company stock valued at $2,464,444 over the last three months. 2.72% of the stock is owned by corporate insiders.

Crocs Company Profile

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.