Evercore Wealth Management LLC Has $80.96 Million Stake in Crocs, Inc. (NASDAQ:CROX)

Evercore Wealth Management LLC grew its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 739,109 shares of the textile maker's stock after buying an additional 60,730 shares during the quarter. Crocs accounts for about 1.2% of Evercore Wealth Management LLC's investment portfolio, making the stock its 29th largest holding. Evercore Wealth Management LLC owned about 1.27% of Crocs worth $80,955,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CROX. World Investment Advisors LLC acquired a new stake in Crocs during the third quarter worth about $211,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Crocs during the 3rd quarter worth about $73,000. Tidal Investments LLC raised its holdings in Crocs by 64.5% during the third quarter. Tidal Investments LLC now owns 21,674 shares of the textile maker's stock worth $3,139,000 after purchasing an additional 8,498 shares in the last quarter. Franklin Resources Inc. boosted its stake in Crocs by 31.1% during the 3rd quarter. Franklin Resources Inc. now owns 46,600 shares of the textile maker's stock valued at $6,497,000 after purchasing an additional 11,056 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its position in shares of Crocs by 32.6% during the 4th quarter. Central Pacific Bank Trust Division now owns 1,790 shares of the textile maker's stock valued at $196,000 after purchasing an additional 440 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Crocs 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 transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the firm'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 transaction, the executive vice president now directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CROX. Bank of America upped 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. KeyCorp dropped their price target on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Piper Sandler lowered their target price on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus cut their target price on Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Robert W. Baird lowered their target price on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $140.00.

Crocs Trading Down 2.4 %

Shares of CROX traded down $2.37 on Monday, reaching $95.32. 751,342 shares of the company's stock were exchanged, compared to its average volume of 1,468,277. The business has a 50 day moving average price of $100.66 and a two-hundred day moving average price of $106.36. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $165.32. The stock has a market capitalization of $5.34 billion, a P/E ratio of 5.97, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. 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 (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, beating 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%. Research analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current year.

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.