168,498 Shares in Crocs, Inc. (NASDAQ:CROX) Bought by Fund 1 Investments LLC

Fund 1 Investments LLC bought a new stake in Crocs, Inc. (NASDAQ:CROX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 168,498 shares of the textile maker's stock, valued at approximately $18,456,000. Crocs accounts for 1.6% of Fund 1 Investments LLC's investment portfolio, making the stock its 13th biggest holding. Fund 1 Investments LLC owned approximately 0.29% of Crocs as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Clear Harbor Asset Management LLC lifted its stake 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 valued at $341,000 after purchasing an additional 100 shares during the period. Valmark Advisers Inc. lifted its stake in shares of Crocs by 1.8% in 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 during the period. Manchester Capital Management LLC lifted its stake in shares of Crocs by 9.9% in the 4th quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker's stock valued at $157,000 after purchasing an additional 129 shares during the period. UMB Bank n.a. lifted its stake in shares of Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock valued at $49,000 after purchasing an additional 142 shares during the period. Finally, Riverwater Partners LLC lifted its stake in shares of Crocs by 0.9% in the 4th quarter. Riverwater Partners LLC now owns 19,974 shares of the textile maker's stock valued at $2,188,000 after purchasing an additional 177 shares during the period. Hedge funds and other institutional investors own 93.44% of the company's stock.

Crocs Stock Down 0.8%

Shares of CROX stock traded down $0.88 during mid-day trading on Friday, hitting $109.77. The company's stock had a trading volume of 2,145,898 shares, compared to its average volume of 1,482,656. Crocs, Inc. has a 52-week low of $86.11 and a 52-week high of $165.32. The business has a 50-day moving average price of $99.83 and a 200 day moving average price of $103.82. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 6.86, a PEG 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. Research analysts predict that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Insider Transactions at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the sale, the executive vice president now owns 89,323 shares of the company's stock, valued at $9,529,870.87. The trade was a 14.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction on Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of the sale, the executive vice president now directly owns 29,299 shares of the company's stock, valued at $3,215,565.25. The trade was a 13.72% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CROX. Bank of America raised their target price on Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research note on Friday, February 14th. UBS Group lifted their price objective on Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Stifel Nicolaus lowered their price objective on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Guggenheim lowered their price objective on Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Finally, Robert W. Baird lowered their price objective on Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.