Crocs, Inc. (NASDAQ:CROX) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in shares of 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 (SEC). The institutional investor owned 168,730 shares of the textile maker's stock after buying 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 SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. UMB Bank n.a. raised its stake 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 acquiring an additional 142 shares in the last quarter. Allianz SE bought a new position in shares of Crocs during the 4th quarter worth $53,000. TD Waterhouse Canada Inc. increased its stake in shares of Crocs by 425.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker's stock valued at $74,000 after buying an additional 549 shares during the period. Jones Financial Companies Lllp lifted its stake 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 acquiring an additional 206 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in Crocs in the fourth quarter worth about $96,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Stock Performance

Shares of Crocs stock traded up $1.48 during trading on Wednesday, hitting $114.39. 245,838 shares of the company's stock were exchanged, compared to its average volume of 1,496,916. Crocs, Inc. has a 52-week low of $86.11 and a 52-week high of $165.32. 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 $6.41 billion, a price-to-earnings ratio of 7.14, a PEG ratio of 1.80 and a beta of 1.46. The business has a 50-day simple moving average of $102.11 and a 200-day simple moving average of $103.89.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, beating analysts' consensus estimates of $2.51 by $0.49. The company 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.02 earnings per share. On average, research analysts forecast that Crocs, Inc. will post 13.2 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CROX shares. Bank of America boosted their price target on shares of Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a report on Friday, February 14th. Guggenheim dropped their target price on Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Needham & Company LLC boosted their price target on Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Barclays lowered their price target on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Finally, Robert W. Baird decreased their target price on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Crocs currently has a consensus rating of "Moderate Buy" and an average target price of $139.79.

Insider Activity

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 shares were sold at an average price of $115.89, for a total value of $352,769.16. Following the transaction, the director now directly owns 27,505 shares in the company, valued at approximately $3,187,554.45. This represents a 9.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares in the company, valued at $3,215,565.25. This trade represents a 13.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.00% of the company's stock.

Crocs 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.