Kirr Marbach & Co. LLC IN Increases Position in Crocs, Inc. (NASDAQ:CROX)

Kirr Marbach & Co. LLC IN increased its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 18.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,404 shares of the textile maker's stock after acquiring an additional 4,525 shares during the period. Kirr Marbach & Co. LLC IN owned about 0.05% of Crocs worth $3,123,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in Crocs by 26.5% in the first quarter. Parallel Advisors LLC now owns 630 shares of the textile maker's stock worth $67,000 after acquiring an additional 132 shares in the last quarter. ProShare Advisors LLC grew its position in Crocs by 5.3% in the fourth quarter. ProShare Advisors LLC now owns 2,726 shares of the textile maker's stock worth $299,000 after acquiring an additional 137 shares in the last quarter. Riverwater Partners LLC grew its position in Crocs by 0.9% in the fourth quarter. Riverwater Partners LLC now owns 19,974 shares of the textile maker's stock worth $2,188,000 after acquiring an additional 177 shares in the last quarter. Whipplewood Advisors LLC lifted its stake in Crocs by 20.9% in the first quarter. Whipplewood Advisors LLC now owns 1,064 shares of the textile maker's stock worth $113,000 after purchasing an additional 184 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Crocs by 43.6% in the first quarter. UMB Bank n.a. now owns 642 shares of the textile maker's stock worth $68,000 after purchasing an additional 195 shares during the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on CROX shares. Piper Sandler lowered their price target on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Barclays lowered their price target on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Needham & Company LLC boosted their price target on shares of Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Stifel Nicolaus lowered their price target on shares of Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Loop Capital boosted their price target on shares of Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $139.79.

Crocs Stock Performance

Shares of NASDAQ:CROX opened at $97.37 on Tuesday. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 5.97, a price-to-earnings-growth ratio of 2.47 and a beta of 1.41. The company has a 50-day moving average price of $102.72 and a 200-day moving average price of $103.75. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $154.83.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.51 by $0.49. Crocs had a net margin of 23.35% and a return on equity of 43.07%. The company had revenue of $937.33 million during the quarter, compared to the consensus estimate 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, equities analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Buying and Selling

In related news, Director Ian Bickley sold 3,044 shares of the stock in a transaction dated Monday, May 12th. The shares were 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 $3,187,554.45. This 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 available at this link. 2.72% of the stock is owned by insiders.

Crocs Company 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.

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