Tyro Capital Management LLC Grows Stock Position in Crocs, Inc. (NASDAQ:CROX)

Tyro Capital Management LLC lifted its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 20.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 85,913 shares of the textile maker's stock after purchasing an additional 14,398 shares during the period. Crocs comprises approximately 3.1% of Tyro Capital Management LLC's holdings, making the stock its 11th biggest position. Tyro Capital Management LLC owned approximately 0.15% of Crocs worth $9,410,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased 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 valued at $599,959,000 after buying an additional 47,576 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Crocs by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock valued at $223,126,000 after acquiring an additional 577,467 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Crocs by 1,516.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock worth $145,299,000 after purchasing an additional 1,244,480 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Crocs by 49.0% in 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 purchasing an additional 429,994 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Crocs by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker's stock worth $116,644,000 after purchasing an additional 15,037 shares during the period. Hedge funds and other institutional investors own 93.44% of the company's stock.

Crocs Price Performance

Shares of NASDAQ:CROX traded down $2.14 during mid-day trading on Friday, reaching $109.24. The stock had a trading volume of 784,450 shares, compared to its average volume of 1,792,025. The business's 50 day moving average price is $102.54 and its 200 day moving average price is $103.99. Crocs, Inc. has a 1 year low of $86.11 and a 1 year high of $165.32. The company has a market cap of $6.12 billion, a P/E ratio of 6.83, 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 released its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 46.27% and a net margin of 23.16%. The company's revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.02 EPS. Research analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Insider Activity at Crocs

In other news, Director Ian Bickley sold 3,044 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $115.89, for a total transaction of $352,769.16. Following the sale, the director now directly owns 27,505 shares in the company, valued at approximately $3,187,554.45. This represents a 9.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Robert W. Baird cut their price target on Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Loop Capital boosted their price objective on Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. KeyCorp decreased their target price on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Needham & Company LLC lifted their price target on shares of Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Piper Sandler reduced their price objective 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. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $139.79.

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.