Nomura Holdings Inc. Takes $847,000 Position in Crocs, Inc. (NASDAQ:CROX)

Nomura Holdings Inc. purchased a new position in Crocs, Inc. (NASDAQ:CROX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,733 shares of the textile maker's stock, valued at approximately $847,000.

Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in shares of Crocs by 46.6% during the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock worth $49,000 after buying an additional 142 shares during the last quarter. Allianz SE bought a new stake in shares of Crocs in the 4th quarter valued at approximately $53,000. TD Waterhouse Canada Inc. increased its position in Crocs by 425.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker's stock valued at $74,000 after acquiring an additional 549 shares during the period. Jones Financial Companies Lllp lifted its position in Crocs by 38.3% in the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock worth $81,000 after purchasing an additional 206 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in Crocs in the fourth quarter worth approximately $96,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Ian Bickley sold 3,044 shares of the 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 sale, the director now directly owns 27,505 shares in the company, valued at $3,187,554.45. This represents a 9.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.00% of the company's stock.

Crocs Stock Performance

NASDAQ CROX traded down $3.09 during trading on Friday, reaching $108.29. The company's stock had a trading volume of 1,608,274 shares, compared to its average volume of 1,506,750. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $165.32. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 6.77, a P/E/G ratio of 1.80 and a beta of 1.46. The business's fifty day moving average price is $102.64 and its 200-day moving average price is $104.03.

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, topping the consensus estimate of $2.51 by $0.49. The company had revenue of $937.33 million during the quarter, compared to analyst estimates of $907.07 million. Crocs had a return on equity of 46.27% and a net margin of 23.16%. The firm's revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.02 earnings per share. As a group, analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CROX has been the subject of several research analyst reports. Loop Capital upped their price target 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. Wall Street Zen downgraded shares of Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Stifel Nicolaus cut their price target on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Guggenheim reduced their target price on shares of Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Finally, Piper Sandler dropped their price objective on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Crocs presently has an average rating of "Moderate Buy" and an average target price of $139.79.

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.