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

Silvercrest Asset Management Group LLC lifted its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 13.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 225,446 shares of the textile maker's stock after purchasing an additional 27,285 shares during the quarter. Silvercrest Asset Management Group LLC owned about 0.39% of Crocs worth $24,693,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. boosted its stake in shares of 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 purchasing an additional 142 shares during the period. Allianz SE acquired a new stake in Crocs in the fourth quarter valued at approximately $53,000. TD Waterhouse Canada Inc. raised 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 in the last quarter. Jones Financial Companies Lllp raised 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 in the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in Crocs in the fourth quarter valued at approximately $96,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CROX. Robert W. Baird cut their price objective on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Stifel Nicolaus dropped their price objective 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. Bank of America raised their price target on Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Guggenheim reduced their price objective on Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Finally, KeyCorp reduced their price objective on Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Crocs currently has an average rating of "Moderate Buy" and an average price target of $139.79.

Crocs Price Performance

Shares of CROX traded down $1.82 during mid-day trading on Tuesday, reaching $112.91. The company had a trading volume of 1,635,333 shares, compared to its average volume of 1,501,727. The company has a market capitalization of $6.33 billion, a P/E ratio of 7.06, a P/E/G ratio of 1.80 and a beta of 1.46. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $165.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The company's 50-day moving average is $101.85 and its 200-day moving average is $103.83.

Crocs (NASDAQ:CROX - Get Free Report) last posted its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating 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 return on equity of 46.27% and a net margin of 23.16%. The company's revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.02 earnings per share. On average, equities analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Activity at Crocs

In related news, EVP Shannon Sisler sold 4,659 shares of the 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 sale, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. This represents a 13.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ian Bickley sold 3,044 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $115.89, for a total transaction of $352,769.16. Following the completion of the transaction, the director now owns 27,505 shares in the company, valued at approximately $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 own 3.00% of the company's stock.

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.