Vident Advisory LLC Raises Position in Crocs, Inc. (NASDAQ:CROX)

Vident Advisory LLC grew its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 35.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,544 shares of the textile maker's stock after buying an additional 4,038 shares during the quarter. Vident Advisory LLC's holdings in Crocs were worth $1,703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. lifted its holdings in Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock worth $49,000 after buying an additional 142 shares during the period. Allianz SE purchased a new position in shares of Crocs in the 4th quarter valued at approximately $53,000. TD Waterhouse Canada Inc. lifted its stake in shares of Crocs by 425.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker's stock valued at $74,000 after purchasing an additional 549 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Crocs by 38.3% in the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock valued at $81,000 after purchasing an additional 206 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in shares of Crocs in the 4th quarter valued at approximately $96,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Crocs Stock Performance

Shares of CROX traded down $1.87 during trading hours on Wednesday, hitting $108.08. The stock had a trading volume of 168,287 shares, compared to its average volume of 1,500,763. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $165.32. The firm has a market capitalization of $6.06 billion, a PE ratio of 6.76, a PEG ratio of 1.80 and a beta of 1.46. The stock has a fifty day moving average price of $102.76 and a 200 day moving average price of $104.12.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate of $2.51 by $0.49. Crocs had a return on equity of 46.27% and a net margin of 23.16%. The company had revenue of $937.33 million during the quarter, compared to analyst estimates of $907.07 million. During the same quarter in the previous year, the company posted $3.02 earnings per share. Crocs's revenue was down .1% compared to the same quarter last year. Analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

Wall Street Analyst Weigh In

CROX has been the subject of a number of research analyst reports. Wall Street Zen cut Crocs from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Bank of America raised their price objective on Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Barclays reduced their price objective on Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Robert W. Baird reduced their price objective on Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Finally, Needham & Company LLC raised their price objective on Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Crocs currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.79.

Insider Activity

In other news, Director Ian Bickley sold 3,044 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $115.89, for a total value of $352,769.16. Following the transaction, the director now directly owns 27,505 shares in the company, valued at $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company 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.