Tyro Capital Management LLC Raises Holdings in Crocs, Inc. (NASDAQ:CROX)

Tyro Capital Management LLC raised its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 20.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,913 shares of the textile maker's stock after buying an additional 14,398 shares during the quarter. Crocs comprises about 3.1% of Tyro Capital Management LLC's investment portfolio, making the stock its 11th biggest holding. Tyro Capital Management LLC owned about 0.15% of Crocs worth $9,410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CROX. Clear Harbor Asset Management LLC raised its position in shares of Crocs by 3.3% in the 4th quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker's stock worth $341,000 after purchasing an additional 100 shares during the last quarter. Valmark Advisers Inc. increased its stake in Crocs by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker's stock valued at $726,000 after purchasing an additional 117 shares in the last quarter. Manchester Capital Management LLC raised its holdings in Crocs by 9.9% in the fourth quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker's stock worth $157,000 after buying an additional 129 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Crocs by 5.3% in the fourth quarter. ProShare Advisors LLC now owns 2,726 shares of the textile maker's stock worth $299,000 after buying an additional 137 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock valued at $49,000 after buying an additional 142 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CROX. Needham & Company LLC upped their price objective on Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Piper Sandler lowered their price target on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Guggenheim reduced their price objective on Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Robert W. Baird decreased their target price on Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Finally, Loop Capital raised their price target on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Three 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 company has an average rating of "Moderate Buy" and a consensus target price of $139.79.

Insider Buying and Selling at Crocs

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

Crocs Stock Performance

Shares of CROX traded down $1.82 on Tuesday, reaching $112.91. The company's stock had a trading volume of 1,635,333 shares, compared to its average volume of 1,501,727. The stock's 50 day simple moving average is $102.11 and its two-hundred day simple moving average is $103.89. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The stock has a market capitalization of $6.33 billion, a P/E ratio of 7.06, a PEG ratio of 1.80 and a beta of 1.46. Crocs, Inc. has a 12-month low of $86.11 and a 12-month high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 in the previous year, the firm posted $3.02 EPS. The company's revenue for the quarter was down .1% compared to the same quarter last year. Research analysts forecast that Crocs, Inc. will post 13.2 earnings per share 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.