Paragon Capital Management Inc. Takes Position in Crocs, Inc. (NASDAQ:CROX)

Paragon Capital Management Inc. bought a new stake in Crocs, Inc. (NASDAQ:CROX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,884 shares of the textile maker's stock, valued at approximately $1,581,000. Crocs comprises 1.3% of Paragon Capital Management Inc.'s portfolio, making the stock its 23rd biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Crocs by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock worth $599,959,000 after purchasing an additional 47,576 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Crocs by 1,516.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock worth $145,299,000 after acquiring an additional 1,244,480 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Crocs by 49.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock worth $143,309,000 after acquiring an additional 429,994 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Crocs by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker's stock valued at $116,644,000 after purchasing an additional 15,037 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Crocs by 9.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,046,600 shares of the textile maker's stock worth $114,632,000 after purchasing an additional 89,647 shares during the period. Institutional investors own 93.44% of the company's stock.

Crocs Stock Down 1.7%

NASDAQ:CROX traded down $1.74 on Monday, hitting $101.28. The stock had a trading volume of 1,401,504 shares, compared to its average volume of 1,517,763. Crocs, Inc. has a 1 year low of $86.11 and a 1 year high of $151.13. The firm's fifty day simple moving average is $103.54 and its two-hundred day simple moving average is $103.42. 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 stock has a market cap of $5.68 billion, a P/E ratio of 6.21, a price-to-earnings-growth ratio of 2.58 and a beta of 1.41.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results 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 return on equity of 43.07% and a net margin of 23.35%. The business had revenue of $937.33 million for the quarter, compared to analyst estimates of $907.07 million. During the same period last year, the company posted $3.02 earnings per share. Crocs's quarterly revenue was down .1% compared to the same quarter last year. Analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current year.

Insider Transactions at Crocs

In other news, Director Ian Bickley sold 3,044 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $115.89, for a total value of $352,769.16. Following the sale, the director now owns 27,505 shares of the company's stock, valued at $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. 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 company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CROX. Piper Sandler cut their target price 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 decreased their target price on Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Needham & Company LLC lifted their price target on Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Bank of America decreased their price objective on Crocs from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Monday. Finally, Stifel Nicolaus reduced their target price on shares of Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.