Ameriprise Financial Inc. Has $18.48 Million Stock Position in Crocs, Inc. (NASDAQ:CROX)

Ameriprise Financial Inc. grew its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,730 shares of the textile maker's stock after acquiring an additional 6,970 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.29% of Crocs worth $18,483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. grew its holdings in shares of Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock valued at $49,000 after purchasing an additional 142 shares during the last quarter. Allianz SE acquired a new position in Crocs during the 4th quarter valued at approximately $53,000. TD Waterhouse Canada Inc. grew its stake in Crocs by 425.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker's stock worth $74,000 after buying an additional 549 shares during the last quarter. Jones Financial Companies Lllp increased its position in Crocs by 38.3% in the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock worth $81,000 after buying an additional 206 shares during the period. Finally, Whipplewood Advisors LLC bought a new stake in Crocs in the fourth quarter valued at $96,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 89,323 shares in the company, valued at $9,529,870.87. This trade represents a 14.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ian Bickley sold 3,044 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $115.89, for a total transaction of $352,769.16. Following the sale, the director now directly owns 27,505 shares of the company's stock, valued at $3,187,554.45. This represents a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,703 shares of company stock valued at $2,464,444 in the last three months. 3.00% of the stock is currently owned by corporate insiders.

Crocs Price Performance

Crocs stock traded down $2.82 during midday trading on Monday, hitting $114.73. The company's stock had a trading volume of 1,591,600 shares, compared to its average volume of 1,497,618. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $165.32. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $6.43 billion, a PE ratio of 7.18, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46. The stock's 50-day moving average price is $101.60 and its 200-day moving average price is $103.77.

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

Analyst Ratings Changes

CROX has been the subject of several recent research reports. StockNews.com lowered shares of Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Stifel Nicolaus dropped their price target on shares of Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. UBS Group lifted their price target on Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Needham & Company LLC increased their price objective on Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Loop Capital raised their target price on Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Crocs currently has a consensus rating of "Moderate Buy" and an average target price of $139.79.

About Crocs

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.