Exchange Traded Concepts LLC increased its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 62.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,585 shares of the textile maker's stock after acquiring an additional 16,363 shares during the period. Exchange Traded Concepts LLC owned about 0.08% of Crocs worth $4,523,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Crocs by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock valued at $599,959,000 after purchasing an additional 47,576 shares during the last quarter. Impax Asset Management Group plc acquired a new stake in Crocs in the fourth quarter valued at about $684,000. Oppenheimer & Co. Inc. grew its position in Crocs by 39.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker's stock valued at $1,888,000 after acquiring an additional 4,862 shares during the last quarter. Amica Mutual Insurance Co. acquired a new stake in shares of Crocs in the 4th quarter valued at approximately $333,000. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Crocs in the 4th quarter valued at approximately $419,000. 93.44% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms recently weighed in on CROX. Barclays cut their price objective on Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Needham & Company LLC increased their target price on Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Wall Street Zen cut Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Stifel Nicolaus lowered their price objective on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Piper Sandler cut their target price on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Crocs has a consensus rating of "Moderate Buy" and an average target price of $139.79.
Get Our Latest Research Report on CROX
Crocs Trading Down 0.9%
Shares of NASDAQ:CROX traded down $0.87 during midday trading on Thursday, reaching $100.13. The company's stock had a trading volume of 1,141,116 shares, compared to its average volume of 1,523,581. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 6.14, a PEG ratio of 2.53 and a beta of 1.41. The firm has a 50 day moving average price of $102.38 and a two-hundred day moving average price of $104.10. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 1.52. Crocs, Inc. has a fifty-two week low of $86.11 and a fifty-two week high of $165.32.
Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping 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 business had revenue of $937.33 million for the quarter, compared to analyst estimates of $907.07 million. During the same period in the prior year, the firm earned $3.02 earnings per share. Crocs's revenue was down .1% on a year-over-year basis. As a group, analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current year.
Insider Buying and Selling at Crocs
In other Crocs news, Director Ian Bickley sold 3,044 shares of the firm's stock in a transaction on Monday, May 12th. The shares were 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 of the company's stock, valued at approximately $3,187,554.45. This trade represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.00% of the company's stock.
Crocs Company Profile
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Free Report)
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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