Sherbrooke Park Advisers LLC Acquires 2,365 Shares of Crocs, Inc. (NASDAQ:CROX)

Sherbrooke Park Advisers LLC boosted its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 104.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,634 shares of the textile maker's stock after acquiring an additional 2,365 shares during the period. Sherbrooke Park Advisers LLC's holdings in Crocs were worth $508,000 as of its most recent SEC filing.

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

Crocs Price Performance

Crocs stock traded down $0.09 during mid-day trading on Wednesday, reaching $112.82. 1,530,920 shares of the company's stock traded hands, compared to its average volume of 1,503,507. Crocs, Inc. has a 12-month low of $86.11 and a 12-month high of $165.32. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 7.06, a PEG ratio of 1.80 and a beta of 1.46. The stock has a 50 day moving average of $102.11 and a two-hundred day moving average of $103.89. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

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 analysts' consensus estimates of $2.51 by $0.49. The firm had revenue of $937.33 million during the quarter, compared to the consensus estimate of $907.07 million. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The firm's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.02 EPS. Equities analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on CROX. UBS Group upped their target price on Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Barclays decreased their price objective on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Piper Sandler dropped their target price 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. Guggenheim decreased their price target on shares of Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Finally, Needham & Company LLC raised their price objective on shares of Crocs from $118.00 to $129.00 and gave the company 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Crocs currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.79.

Insider Activity at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of the firm's 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 transaction, the director now directly owns 27,505 shares in the company, valued at $3,187,554.45. This trade represents a 9.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the transaction, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. The trade was a 13.72% decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company 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.