Hsbc Holdings PLC Purchases 6,796 Shares of Crocs, Inc. (NASDAQ:CROX)

Hsbc Holdings PLC lifted its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,655 shares of the textile maker's stock after buying an additional 6,796 shares during the period. Hsbc Holdings PLC owned about 0.07% of Crocs worth $4,592,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Crocs by 1,516.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock worth $145,299,000 after buying an additional 1,244,480 shares during the period. Pacer Advisors Inc. increased its stake in Crocs by 39.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock worth $223,126,000 after purchasing an additional 577,467 shares during the period. Norges Bank bought a new stake in Crocs in the fourth quarter valued at approximately $62,221,000. Altshuler Shaham Ltd increased its stake in shares of Crocs by 30,778.0% in the fourth quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker's stock worth $50,055,000 after buying an additional 455,515 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Crocs by 38.9% in the fourth quarter. Alliancebernstein L.P. now owns 966,769 shares of the textile maker's stock valued at $105,890,000 after acquiring an additional 270,598 shares during the period. Institutional investors own 93.44% of the company's stock.

Insiders Place Their Bets

In other Crocs news, 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 owns 29,299 shares of the company's stock, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Adam Michaels sold 15,000 shares of the business's 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 transaction, the executive vice president now owns 89,323 shares of the company's stock, valued at $9,529,870.87. This represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company's stock.

Crocs Stock Down 0.1 %

CROX stock opened at $96.10 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average of $100.11 and a 200 day moving average of $105.98. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $165.32. The firm has a market cap of $5.39 billion, a PE ratio of 6.01, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. On average, research analysts forecast that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analyst Ratings Changes

CROX has been the topic of several recent analyst reports. UBS Group raised their target price on Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Robert W. Baird reduced their target price on Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. StockNews.com downgraded Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. KeyCorp reduced their price objective on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Finally, Bank of America upped their price objective on shares of Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a report on Friday, February 14th. 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 currently has a consensus rating of "Moderate Buy" and an average target price of $140.00.

Crocs Company 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.

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