4,462 Shares in Crocs, Inc. (NASDAQ:CROX) Acquired by Bristlecone Advisors LLC

Key Points

• Bristlecone Advisors LLC has acquired 4,462 shares of Crocs, Inc. (NASDAQ:CROX), worth approximately $474,000, as revealed in a recent 13F filing.
• Institutional investors and hedge funds collectively own 93.44% of Crocs' stock, indicating a strong interest from large investors in the company.
• Recent analyst reports have provided mixed reviews regarding Crocs, with target prices ranging from $81.00 to $110.00, reflecting varying insights on the stock's potential going forward.

Bristlecone Advisors LLC purchased a new position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,462 shares of the textile maker's stock, valued at approximately $474,000.

A number of other hedge funds also recently modified their holdings of CROX. LSV Asset Management lifted its holdings in shares of Crocs by 180.9% during the first quarter. LSV Asset Management now owns 880,260 shares of the textile maker's stock worth $93,484,000 after purchasing an additional 566,847 shares during the period. Altshuler Shaham Ltd raised its stake in Crocs by 30,778.0% during the fourth quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker's stock worth $50,055,000 after buying an additional 455,515 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Crocs by 49.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock worth $143,309,000 after buying an additional 429,994 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Crocs by 167.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 490,544 shares of the textile maker's stock worth $53,730,000 after buying an additional 307,185 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Crocs by 215.0% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 372,450 shares of the textile maker's stock worth $40,794,000 after buying an additional 254,212 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CROX. The Goldman Sachs Group lowered their target price on shares of Crocs from $88.00 to $87.00 and set a "sell" rating for the company in a research note on Tuesday, July 22nd. Needham & Company LLC lowered their target price on shares of Crocs from $129.00 to $89.00 and set a "buy" rating for the company in a research note on Thursday, August 7th. Barclays reissued an "equal weight" rating and set a $81.00 target price (down previously from $119.00) on shares of Crocs in a research note on Friday. Bank of America lowered their target price on shares of Crocs from $135.00 to $99.00 and set a "buy" rating for the company in a research note on Friday. Finally, KeyCorp cut their price target on shares of Crocs from $120.00 to $95.00 and set an "overweight" rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Crocs currently has a consensus rating of "Moderate Buy" and an average target price of $108.92.

Crocs Stock Performance

CROX traded up $1.34 during midday trading on Tuesday, reaching $77.90. The company had a trading volume of 2,696,532 shares, compared to its average volume of 1,774,609. The stock has a market cap of $4.25 billion, a PE ratio of 20.88, a P/E/G ratio of 1.56 and a beta of 1.41. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.97 and a current ratio of 1.54. The business has a 50-day moving average price of $101.32 and a two-hundred day moving average price of $102.01. Crocs, Inc. has a 12-month low of $73.76 and a 12-month high of $151.13.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The textile maker reported $4.23 EPS for the quarter, beating analysts' consensus estimates of $4.01 by $0.22. The company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.15 billion. Crocs had a net margin of 5.72% and a return on equity of 44.15%. Crocs's revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $4.01 EPS. On average, sell-side analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Crocs 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.