Baird Financial Group Inc. Purchases 12,067 Shares of Crocs, Inc. (NASDAQ:CROX)

Baird Financial Group Inc. raised its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 239,833 shares of the textile maker's stock after buying an additional 12,067 shares during the quarter. Baird Financial Group Inc. owned about 0.41% of Crocs worth $26,269,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CROX. Vanguard Group Inc. lifted its stake in Crocs by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock worth $599,959,000 after purchasing an additional 47,576 shares during the last quarter. Empowered Funds LLC boosted its stake in Crocs by 42.0% in the fourth quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker's stock valued at $8,450,000 after buying an additional 22,809 shares in the last quarter. State of Alaska Department of Revenue grew its position in Crocs by 129.8% in the fourth quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker's stock valued at $2,373,000 after acquiring an additional 12,245 shares during the last quarter. Impax Asset Management Group plc bought a new position in shares of Crocs in the fourth quarter worth about $684,000. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Crocs by 39.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker's stock valued at $1,888,000 after purchasing an additional 4,862 shares during the last quarter. Institutional investors own 93.44% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on CROX shares. Stifel Nicolaus dropped their target price on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Piper Sandler decreased their price target on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Needham & Company LLC reduced their price objective on shares of Crocs from $129.00 to $118.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. StockNews.com lowered Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Robert W. Baird decreased their price target on Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Crocs presently has a consensus rating of "Moderate Buy" and an average target price of $139.21.

Crocs Price Performance

Shares of NASDAQ CROX opened at $100.79 on Tuesday. The firm has a market capitalization of $5.65 billion, a P/E ratio of 6.30, a P/E/G ratio of 1.80 and a beta of 1.46. The firm's 50-day moving average price is $99.47 and its 200-day moving average price is $104.60. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. Crocs, Inc. has a 1-year low of $86.11 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping analysts' consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Equities research analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Activity at Crocs

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the transaction, the executive vice president now directly owns 29,299 shares of the company's stock, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the sale, the executive vice president now directly owns 89,323 shares of the company's stock, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by 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.

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