Edgestream Partners L.P. Purchases New Holdings in Crocs, Inc. (NASDAQ:CROX)

Edgestream Partners L.P. acquired a new position in Crocs, Inc. (NASDAQ:CROX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,118 shares of the textile maker's stock, valued at approximately $1,606,000.

Other hedge funds have also added to or reduced their stakes in the company. Aurora Investment Counsel lifted its position in Crocs by 4.6% in the 1st quarter. Aurora Investment Counsel now owns 8,561 shares of the textile maker's stock worth $909,000 after buying an additional 374 shares during the last quarter. Isthmus Partners LLC purchased a new position in shares of Crocs during the first quarter valued at approximately $362,000. Cerity Partners LLC increased its stake in shares of Crocs by 204.2% during the first quarter. Cerity Partners LLC now owns 25,598 shares of the textile maker's stock valued at $2,719,000 after buying an additional 17,183 shares during the period. Alps Advisors Inc. grew its stake in Crocs by 30.6% in the first quarter. Alps Advisors Inc. now owns 3,455 shares of the textile maker's stock worth $367,000 after purchasing an additional 810 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its stake in Crocs by 4.7% in the first quarter. Linden Thomas Advisory Services LLC now owns 12,916 shares of the textile maker's stock worth $1,372,000 after purchasing an additional 577 shares during the period. Hedge funds and other institutional investors own 93.44% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Needham & Company LLC increased their target price on Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Bank of America decreased their price objective on Crocs from $140.00 to $135.00 and set a "buy" rating for the company in a report on Monday, June 30th. The Goldman Sachs Group started coverage on Crocs in a report on Wednesday, July 2nd. They set a "sell" rating and a $88.00 target price for the company. Loop Capital upped their price target on Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Finally, Piper Sandler reduced their price objective on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $135.13.

Crocs Stock Performance

Shares of Crocs stock traded down $1.45 during trading on Friday, reaching $105.18. The company's stock had a trading volume of 874,853 shares, compared to its average volume of 1,514,975. The company has a 50-day moving average price of $105.48 and a two-hundred day moving average price of $102.89. Crocs, Inc. has a fifty-two week low of $86.11 and a fifty-two week high of $151.13. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. The firm has a market cap of $5.90 billion, a PE ratio of 6.44, a P/E/G ratio of 2.17 and a beta of 1.38.

Crocs (NASDAQ:CROX - Get Free Report) last announced its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.49. Crocs had a net margin of 23.35% and a return on equity of 43.07%. The firm had revenue of $937.33 million during the quarter, compared to the consensus estimate of $907.07 million. During the same quarter in the previous year, the company posted $3.02 EPS. The firm's revenue for the quarter was down .1% on a year-over-year basis. On average, analysts forecast that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Activity at Crocs

In related news, Director Ian Bickley sold 3,044 shares of Crocs stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $115.89, for a total transaction of $352,769.16. Following the transaction, the director directly owned 27,505 shares of the company's stock, valued at $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.00% of the company's stock.

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.