Css LLC Il Makes New $617,000 Investment in Crocs, Inc. (NASDAQ:CROX)

Css LLC Il acquired a new stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,630 shares of the textile maker's stock, valued at approximately $617,000.

Several other hedge funds have also recently modified their holdings of the stock. UMB Bank n.a. lifted its position 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 worth $49,000 after buying an additional 142 shares in the last quarter. Allianz SE purchased a new stake in shares of Crocs during the 4th quarter worth approximately $53,000. TD Waterhouse Canada Inc. boosted its position in shares of Crocs by 425.6% during the 4th 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 during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Crocs by 38.3% during the 4th 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 during the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in shares of Crocs in the fourth quarter valued at $96,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Crocs Stock Down 0.1%

NASDAQ:CROX opened at $112.82 on Thursday. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 7.06, a price-to-earnings-growth 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 current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The stock has a fifty day simple moving average of $102.39 and a 200-day simple moving average of $103.95.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $937.33 million during the quarter, compared to analyst estimates of $907.07 million. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The firm's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business posted $3.02 EPS. Analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on CROX shares. StockNews.com lowered shares of Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. KeyCorp lowered their price target on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Needham & Company LLC lifted their price target on Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Loop Capital upped their price objective on Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Finally, Bank of America lifted their target price on Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $139.79.

Insider Activity at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $115.89, for a total transaction of $352,769.16. Following the transaction, the director now directly owns 27,505 shares in the company, valued at $3,187,554.45. This represents a 9.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the sale, the executive vice president now owns 29,299 shares of the company's stock, valued at approximately $3,215,565.25. This represents a 13.72% decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

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.

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