Silvercrest Asset Management Group LLC Purchases 27,285 Shares of Crocs, Inc. (NASDAQ:CROX)

Silvercrest Asset Management Group LLC grew its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 13.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 225,446 shares of the textile maker's stock after buying an additional 27,285 shares during the period. Silvercrest Asset Management Group LLC owned approximately 0.39% of Crocs worth $24,693,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CROX. Clear Harbor Asset Management LLC increased its position in shares of Crocs by 3.3% during the fourth quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker's stock valued at $341,000 after acquiring an additional 100 shares in the last quarter. Valmark Advisers Inc. boosted its stake in Crocs by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker's stock valued at $726,000 after purchasing an additional 117 shares during the last quarter. Manchester Capital Management LLC increased its holdings in shares of Crocs by 9.9% in the 4th quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker's stock worth $157,000 after purchasing an additional 129 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Crocs by 5.3% in the fourth quarter. ProShare Advisors LLC now owns 2,726 shares of the textile maker's stock worth $299,000 after purchasing an additional 137 shares during the last quarter. Finally, UMB Bank n.a. lifted 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 in the last quarter. Institutional investors own 93.44% of the company's stock.

Crocs Price Performance

NASDAQ:CROX traded down $0.87 during trading hours on Thursday, hitting $111.95. 382,766 shares of the stock traded hands, compared to its average volume of 1,499,139. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 6.99, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46. Crocs, Inc. has a 1 year low of $86.11 and a 1 year high of $165.32. The stock has a 50 day moving average price of $102.39 and a 200 day moving average price of $103.95. 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 released its earnings results 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. 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 analysts' expectations of $907.07 million. During the same quarter in the previous year, the company earned $3.02 EPS. Crocs's revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts forecast that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analysts Set New Price Targets

CROX has been the subject of several research analyst reports. Needham & Company LLC lifted 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. Bank of America lifted their price target on shares of Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. KeyCorp decreased their price objective on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Guggenheim dropped their target price on shares of Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Finally, UBS Group lifted their target price on shares of Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $139.79.

Insider Transactions at Crocs

In related news, EVP Shannon Sisler sold 4,659 shares of the business's stock in a transaction that occurred 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 directly owns 29,299 shares of the company's stock, valued at approximately $3,215,565.25. The trade was a 13.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $352,769.16. Following the completion of the transaction, the director now owns 27,505 shares of the company's stock, valued at $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

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.