Crocs, Inc. (NASDAQ:CROX) Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Crocs, Inc. by 60.7% during the 1st quarter, owning approximately 49,662 shares worth $5.27 million.
• Institutional investors currently hold 93.44% of Crocs' stock, with multiple hedge funds adjusting their positions in the company recently.
• Crocs reported earnings of $3.00 per share, exceeding expectations, alongside revenue of $937.33 million, which was slightly down from the previous year.

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 60.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,662 shares of the textile maker's stock after buying an additional 18,759 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Crocs worth $5,274,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its position in Crocs by 541.8% in the 1st quarter. Larson Financial Group LLC now owns 353 shares of the textile maker's stock worth $37,000 after purchasing an additional 298 shares during the last quarter. Allianz SE acquired a new stake in Crocs in the 4th quarter worth $53,000. Salem Investment Counselors Inc. acquired a new stake in Crocs in the 1st quarter worth $53,000. Ameriflex Group Inc. bought a new position in shares of Crocs during the 4th quarter worth about $54,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Crocs during the 1st quarter worth about $58,000. Institutional investors and hedge funds own 93.44% of the company's stock.

Insider Activity at Crocs

In related news, Director Ian Bickley sold 3,044 shares of Crocs stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $115.89, for a total transaction of $352,769.16. Following the sale, the director owned 27,505 shares of the company's stock, valued at approximately $3,187,554.45. This trade represents a 9.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CROX shares. 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 report on Friday, April 11th. UBS Group reissued a "neutral" rating and set a $110.00 price target (up from $105.00) on shares of Crocs in a report on Monday. Bank of America cut their price target on shares of Crocs from $140.00 to $135.00 and set a "buy" rating for the company in a report on Monday, June 30th. 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, Stifel Nicolaus cut their price target on shares of Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $131.00.

Crocs Price Performance

Shares of NASDAQ CROX traded down $2.05 during midday trading on Thursday, hitting $100.18. 310,834 shares of the company's stock were exchanged, compared to its average volume of 1,612,674. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 6.14, a PEG ratio of 2.16 and a beta of 1.38. The business's fifty day moving average price is $103.74 and its two-hundred day moving average price is $102.68. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. Crocs, Inc. has a 12-month low of $86.11 and a 12-month high of $151.13.

Crocs (NASDAQ:CROX - Get Free Report) last announced its earnings results on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, beating analysts' consensus estimates of $2.51 by $0.49. The company had revenue of $937.33 million during the quarter, compared to the consensus estimate of $907.07 million. Crocs had a return on equity of 43.07% and a net margin of 23.35%. The firm's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.02 earnings per share. As a group, research analysts forecast that Crocs, Inc. will post 13.2 EPS for the current fiscal 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.