Tidal Investments LLC Buys 153,566 Shares of Crocs, Inc. (NASDAQ:CROX)

Tidal Investments LLC grew its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 708.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 175,240 shares of the textile maker's stock after purchasing an additional 153,566 shares during the period. 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 also recently made changes to their positions in CROX. Tyro Capital Management LLC raised its position in Crocs by 20.1% during the fourth quarter. Tyro Capital Management LLC now owns 85,913 shares of the textile maker's stock valued at $9,410,000 after acquiring an additional 14,398 shares in the last quarter. Strategic Global Advisors LLC raised its position in Crocs by 7.9% during the fourth quarter. Strategic Global Advisors LLC now owns 9,009 shares of the textile maker's stock valued at $987,000 after acquiring an additional 662 shares in the last quarter. Scientech Research LLC bought a new position in Crocs during the fourth quarter valued at approximately $1,279,000. Sherbrooke Park Advisers LLC raised its position in Crocs by 104.2% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 4,634 shares of the textile maker's stock valued at $508,000 after acquiring an additional 2,365 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC raised its position in Crocs by 13.8% during 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 acquiring an additional 27,285 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CROX. Bank of America raised their price objective on shares of Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Piper Sandler cut their price objective on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Robert W. Baird cut their price objective on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Guggenheim lowered their price target on Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Finally, UBS Group increased their price target on Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $139.79.

Insider Buying and Selling

In related 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 value of $352,769.16. Following the completion of the transaction, the director now directly owns 27,505 shares of the company's stock, valued at $3,187,554.45. This trade represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by company insiders.

Crocs Stock Performance

Shares of Crocs stock traded down $3.09 during midday trading on Friday, hitting $108.29. The company had a trading volume of 1,608,274 shares, compared to its average volume of 1,506,750. The business's 50 day simple moving average is $102.64 and its two-hundred day simple moving average is $104.01. The stock has a market cap of $6.07 billion, a PE ratio of 6.77, a P/E/G ratio of 1.80 and a beta of 1.46. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. Crocs, Inc. has a 1-year low of $86.11 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.49. The business had revenue of $937.33 million for 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%. Crocs's quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company posted $3.02 earnings per share. As a group, equities analysts predict that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

About Crocs

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.