Exchange Traded Concepts LLC Increases Position in Crocs, Inc. (NASDAQ:CROX)

Exchange Traded Concepts LLC lifted its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 62.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,585 shares of the textile maker's stock after purchasing an additional 16,363 shares during the period. Exchange Traded Concepts LLC owned about 0.08% of Crocs worth $4,523,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CROX. Stephens Inc. AR lifted its position in shares of Crocs by 12.3% during the 4th quarter. Stephens Inc. AR now owns 2,908 shares of the textile maker's stock worth $319,000 after buying an additional 319 shares during the last quarter. Van ECK Associates Corp grew its position in Crocs by 32.5% during the 4th quarter. Van ECK Associates Corp now owns 48,535 shares of the textile maker's stock worth $5,316,000 after purchasing an additional 11,917 shares during the last quarter. Blue Trust Inc. increased its stake in Crocs by 14.9% in the fourth quarter. Blue Trust Inc. now owns 1,879 shares of the textile maker's stock valued at $206,000 after purchasing an additional 243 shares during the period. Manchester Capital Management LLC raised its holdings in shares of Crocs by 9.9% in the fourth quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker's stock valued at $157,000 after buying an additional 129 shares during the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of Crocs by 7.9% during the fourth quarter. Principal Securities Inc. now owns 3,136 shares of the textile maker's stock worth $343,000 after buying an additional 230 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Insider Transactions at Crocs

In related news, Director Ian Bickley sold 3,044 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were 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 in the company, valued at approximately $3,187,554.45. This trade represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

CROX has been the subject of a number of recent research reports. Needham & Company LLC increased their price objective on Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. UBS Group raised their target price on shares of Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Barclays cut their price target on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a report on Friday, May 9th. Wall Street Zen cut Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Stifel Nicolaus cut their target price on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $139.79.

Crocs Price Performance

Shares of NASDAQ CROX opened at $97.49 on Monday. 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 market cap of $5.47 billion, a price-to-earnings ratio of 6.10, a PEG ratio of 1.80 and a beta of 1.41. The company's 50-day moving average price is $102.08 and its 200 day moving average price is $104.17. Crocs, Inc. has a 52 week low of $86.11 and a 52 week high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last posted its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) 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 analyst estimates of $907.07 million. During the same quarter in the prior year, the company earned $3.02 EPS. Crocs's revenue was down .1% on a year-over-year basis. As a group, research analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.