Tidal Investments LLC Increases Holdings in Crocs, Inc. (NASDAQ:CROX)

Tidal Investments LLC lifted its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 708.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,240 shares of the textile maker's stock after purchasing an additional 153,566 shares during the quarter. Tidal Investments LLC owned about 0.30% of Crocs worth $19,194,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Tyro Capital Management LLC grew its holdings in Crocs by 20.1% during the fourth quarter. Tyro Capital Management LLC now owns 85,913 shares of the textile maker's stock worth $9,410,000 after acquiring an additional 14,398 shares during the period. Strategic Global Advisors LLC increased its holdings in Crocs by 7.9% in the fourth quarter. Strategic Global Advisors LLC now owns 9,009 shares of the textile maker's stock valued at $987,000 after buying an additional 662 shares in the last quarter. Scientech Research LLC acquired a new position in shares of Crocs in the fourth quarter worth about $1,279,000. Sherbrooke Park Advisers LLC raised its holdings in Crocs by 104.2% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 4,634 shares of the textile maker's stock worth $508,000 after purchasing an additional 2,365 shares during the period. Finally, Silvercrest Asset Management Group LLC grew its holdings in Crocs by 13.8% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 225,446 shares of the textile maker's stock valued at $24,693,000 after purchasing an additional 27,285 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. 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. Stifel Nicolaus lowered their price target on Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. UBS Group boosted their price target on Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Guggenheim lowered 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, Robert W. Baird reduced their target price on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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 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 completion of the transaction, the director now owns 27,505 shares of the company's stock, valued at $3,187,554.45. This trade represents a 9.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of the sale, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. The trade was a 13.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Crocs Trading Down 1.3%

Crocs stock traded down $1.44 during mid-day trading on Thursday, hitting $111.38. The company's stock had a trading volume of 1,247,319 shares, compared to its average volume of 1,502,491. Crocs, Inc. has a 1 year low of $86.11 and a 1 year high of $165.32. The stock's fifty day moving average is $102.39 and its two-hundred day moving average is $103.95. The firm has a market capitalization of $6.24 billion, a PE ratio of 6.97, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX - Get Free Report) last posted its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.49. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The firm had revenue of $937.33 million during the quarter, compared to the consensus estimate of $907.07 million. During the same quarter last year, the firm earned $3.02 EPS. The firm's revenue for the quarter was down .1% on a year-over-year basis. On average, analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

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.