GAMMA Investing LLC Has $15.35 Million Position in Crocs, Inc. (NASDAQ:CROX)

GAMMA Investing LLC raised its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 16,944.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,538 shares of the textile maker's stock after buying an additional 143,690 shares during the period. GAMMA Investing LLC owned about 0.26% of Crocs worth $15,350,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Stonehearth Capital Management LLC bought a new stake in Crocs in the first quarter valued at approximately $214,000. Fairtree Asset Management Pty Ltd bought a new stake in Crocs in the fourth quarter valued at approximately $2,124,000. Wealth Enhancement Advisory Services LLC raised its stake in Crocs by 362.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 38,063 shares of the textile maker's stock valued at $4,169,000 after buying an additional 29,839 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Crocs in the fourth quarter valued at approximately $3,385,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Crocs during the fourth quarter worth approximately $419,000. Institutional investors own 93.44% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CROX. Robert W. Baird lowered their target price on Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Stifel Nicolaus reduced their price target on Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Wall Street Zen downgraded Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Loop Capital increased their price objective on shares of Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Finally, Needham & Company LLC increased their price objective on shares of Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. 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, Crocs currently has an average rating of "Moderate Buy" and a consensus target price of $139.79.

Insider Activity at Crocs

In related news, Director Ian Bickley sold 3,044 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $115.89, for a total transaction of $352,769.16. Following the sale, the director now owns 27,505 shares of the company's stock, valued at $3,187,554.45. This trade represents a 9.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Crocs Price Performance

Shares of CROX stock traded up $1.29 during trading hours on Friday, reaching $101.46. The company's stock had a trading volume of 1,091,325 shares, compared to its average volume of 1,516,169. The firm's 50 day simple moving average is $101.69 and its 200-day simple moving average is $104.23. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 1.80 and a beta of 1.41. Crocs, Inc. has a fifty-two week low of $86.11 and a fifty-two week high of $165.32. 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 issued 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 return on equity of 46.27% and a net margin of 23.16%. The firm had revenue of $937.33 million for the quarter, compared to the consensus estimate of $907.07 million. During the same quarter last year, the business posted $3.02 EPS. The company's revenue was down .1% compared to the same quarter last year. Sell-side analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current year.

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.