Bullseye Asset Management LLC Takes $581,000 Position in Crocs, Inc. (NASDAQ:CROX)

Bullseye Asset Management LLC purchased a new stake in Crocs, Inc. (NASDAQ:CROX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,300 shares of the textile maker's stock, valued at approximately $581,000.

Several other hedge funds have also added to or reduced their stakes in CROX. UMB Bank n.a. boosted its holdings in Crocs by 46.6% in 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 during the last quarter. Allianz SE bought a new position in Crocs in the fourth quarter valued at about $53,000. Wilmington Savings Fund Society FSB bought a new position in Crocs in the third quarter valued at about $73,000. TD Waterhouse Canada Inc. boosted its holdings in Crocs by 425.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker's stock valued at $74,000 after acquiring an additional 549 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Crocs by 38.3% in the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock valued at $81,000 after acquiring an additional 206 shares during the last quarter. Institutional investors own 93.44% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Guggenheim cut their target price on Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Barclays cut their target price on Crocs from $125.00 to $122.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Robert W. Baird cut their target price on Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. KeyCorp cut their target price on Crocs from $150.00 to $120.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Finally, Bank of America increased their target price on Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Three 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, the company currently has an average rating of "Moderate Buy" and an average target price of $140.00.

Insider Buying and Selling

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were 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. This represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 transaction of $511,325.25. Following the sale, the executive vice president now directly 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. 2.72% of the stock is currently owned by corporate insiders.

Crocs Stock Down 1.8 %

Shares of CROX stock traded down $1.72 during trading on Wednesday, reaching $94.38. The company's stock had a trading volume of 626,359 shares, compared to its average volume of 1,469,917. Crocs, Inc. has a one year low of $86.11 and a one year high of $165.32. The business has a fifty day moving average price of $100.11 and a 200-day moving average price of $105.98. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 5.90, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

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

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.