Isthmus Partners LLC Takes $362,000 Position in Crocs, Inc. (NASDAQ:CROX)

Isthmus Partners LLC acquired a new position in Crocs, Inc. (NASDAQ:CROX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,408 shares of the textile maker's stock, valued at approximately $362,000.

Several other large investors also recently added to or reduced their stakes in CROX. Allianz SE purchased a new stake in shares of Crocs in the 4th quarter valued at about $53,000. Salem Investment Counselors Inc. bought a new position in shares of Crocs in the first quarter worth approximately $53,000. Ameriflex Group Inc. purchased a new stake in Crocs in the fourth quarter valued at approximately $54,000. Compagnie Lombard Odier SCmA bought a new stake in Crocs during the first quarter valued at approximately $58,000. Finally, Parallel Advisors LLC lifted its position in Crocs by 26.5% during the first quarter. Parallel Advisors LLC now owns 630 shares of the textile maker's stock valued at $67,000 after purchasing an additional 132 shares during the last quarter. Institutional investors own 93.44% of the company's stock.

Crocs Trading Down 1.7%

CROX stock traded down $1.74 during midday trading on Monday, hitting $102.01. The company had a trading volume of 862,813 shares, compared to its average volume of 1,668,932. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 6.25, a PEG ratio of 2.16 and a beta of 1.38. Crocs, Inc. has a 52 week low of $86.11 and a 52 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 stock's 50 day moving average price is $105.56 and its 200 day moving average price is $103.07.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CROX. Loop Capital raised their price objective on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. The Goldman Sachs Group assumed coverage on Crocs in a research report on Wednesday, July 2nd. They set a "sell" rating and a $88.00 price target on the stock. Bank of America dropped their price target on Crocs from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Monday, June 30th. Needham & Company LLC increased their price objective on Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Barclays decreased 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $135.13.

Insider Transactions at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director owned 27,505 shares of the company's stock, valued at $3,187,554.45. This represents a 9.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.72% of the stock is currently owned by corporate 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.