UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in Crocs, Inc. (NASDAQ:CROX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,974 shares of the textile maker's stock after buying an additional 15,586 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.35% of Crocs worth $22,232,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Vident Advisory LLC boosted its position in Crocs by 35.1% during the fourth quarter. Vident Advisory LLC now owns 15,544 shares of the textile maker's stock worth $1,703,000 after purchasing an additional 4,038 shares in the last quarter. Teza Capital Management LLC lifted its position in Crocs by 129.7% during the fourth quarter. Teza Capital Management LLC now owns 5,022 shares of the textile maker's stock worth $550,000 after buying an additional 2,836 shares during the period. Tidal Investments LLC lifted its position in Crocs by 708.5% during the fourth quarter. Tidal Investments LLC now owns 175,240 shares of the textile maker's stock worth $19,194,000 after buying an additional 153,566 shares during the period. Tyro Capital Management LLC increased its stake 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 last quarter. Finally, Strategic Global Advisors LLC increased its stake in Crocs by 7.9% during the fourth quarter. Strategic Global Advisors LLC now owns 9,009 shares of the textile maker's stock worth $987,000 after acquiring an additional 662 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on CROX. Wall Street Zen downgraded Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Barclays lowered their price target on Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Guggenheim decreased their target price on Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Loop Capital lifted their target price on Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Finally, UBS Group raised their target price on Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a research 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, Crocs presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.79.

Crocs Trading Down 2.6%

CROX traded down $2.65 on Friday, hitting $101.26. 1,505,275 shares of the company were exchanged, compared to its average volume of 1,509,926. The firm has a fifty day simple moving average of $102.44 and a two-hundred day simple moving average of $104.21. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $165.32. The stock has a market capitalization of $5.68 billion, a PE ratio of 6.33, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46.

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

Insider Transactions at Crocs

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 owns 27,505 shares in the company, valued at $3,187,554.45. This trade represents a 9.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.00% of the company's stock.

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.