Jefferies Financial Group Inc. Takes Position in Crocs, Inc. (NASDAQ:CROX)

Jefferies Financial Group Inc. bought a new position in Crocs, Inc. (NASDAQ:CROX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,825 shares of the textile maker's stock, valued at approximately $419,000.

Several other large investors also recently bought and sold shares of CROX. Ameriflex Group Inc. acquired a new position in Crocs in the fourth quarter worth $54,000. Jupiter Wealth Management LLC lifted its stake in shares of Crocs by 28.6% in the 4th quarter. Jupiter Wealth Management LLC now owns 8,100 shares of the textile maker's stock worth $887,000 after acquiring an additional 1,800 shares during the period. CSS LLC IL bought a new position in Crocs during the 4th quarter valued at $617,000. White Knight Strategic Wealth Advisors LLC bought a new stake in shares of Crocs in the 4th quarter worth approximately $306,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Crocs by 8.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 202,974 shares of the textile maker's stock worth $22,232,000 after acquiring an additional 15,586 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Crocs Price Performance

NASDAQ:CROX traded down $3.16 during trading hours on Wednesday, hitting $99.01. 1,627,745 shares of the stock traded hands, compared to its average volume of 1,513,456. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 6.19, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The stock has a 50 day moving average price of $101.97 and a 200 day moving average price of $104.18. Crocs, Inc. has a 1 year low of $86.11 and a 1 year high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, topping analysts' consensus estimates of $2.51 by $0.49. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The business had revenue of $937.33 million during the quarter, compared to analysts' expectations of $907.07 million. During the same period last year, the company posted $3.02 EPS. The business's revenue was down .1% on a year-over-year basis. Sell-side analysts forecast that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CROX shares. Barclays cut their target price on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. UBS Group upped their price objective on Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Piper Sandler decreased their target price on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Bank of America lifted their price objective on Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Needham & Company LLC upped 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. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.79.

Insider Buying and Selling at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of the business'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 value of $352,769.16. Following the completion of the transaction, the director now directly owns 27,505 shares of the company's stock, valued at approximately $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.