10,000 Shares in Crocs, Inc. (NASDAQ:CROX) Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc acquired a new stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,000 shares of the textile maker's stock, valued at approximately $1,062,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CROX. Vanguard Group Inc. boosted its stake in shares of Crocs by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock worth $599,959,000 after acquiring an additional 47,576 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Crocs by 39.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker's stock worth $1,888,000 after purchasing an additional 4,862 shares in the last quarter. Amica Mutual Insurance Co. bought a new position in Crocs in the 4th quarter worth approximately $333,000. Jefferies Financial Group Inc. purchased a new stake in Crocs during the 4th quarter valued at approximately $419,000. Finally, PFG Investments LLC bought a new stake in shares of Crocs during the first quarter valued at approximately $1,297,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Crocs news, Director Ian Bickley sold 3,044 shares of the stock in a transaction 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 sale, the director owned 27,505 shares of the company's stock, valued at approximately $3,187,554.45. This trade represents a 9.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.72% of the stock is owned by company insiders.

Crocs Trading Down 1.7%

CROX traded down $1.74 during trading on Monday, hitting $101.28. 1,401,776 shares of the stock were exchanged, compared to its average volume of 1,517,765. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 1.52. The firm has a 50 day simple moving average of $103.54 and a 200 day simple moving average of $103.42. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 6.21, a P/E/G ratio of 2.58 and a beta of 1.41. Crocs, Inc. has a 1 year low of $86.11 and a 1 year high of $151.13.

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

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays decreased their price target on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Piper Sandler reduced their price objective on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Loop Capital lifted their price objective 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. Bank of America decreased their target price on shares of Crocs from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Needham & Company LLC increased their price target on shares of Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.50.

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.