Jefferies Financial Group Inc. Acquires New Stake in Crocs, Inc. (NASDAQ:CROX)

Jefferies Financial Group Inc. bought a new position in Crocs, Inc. (NASDAQ:CROX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,825 shares of the textile maker's stock, valued at approximately $419,000.

Several other large investors have also added to or reduced their stakes in CROX. UMB Bank n.a. raised its stake in shares of Crocs by 46.6% in the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock worth $49,000 after purchasing an additional 142 shares during the last quarter. Allianz SE bought a new position in Crocs during the 4th quarter valued at $53,000. TD Waterhouse Canada Inc. lifted its stake in Crocs by 425.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker's stock valued at $74,000 after acquiring an additional 549 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Crocs by 38.3% during the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock worth $81,000 after purchasing an additional 206 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in shares of Crocs in the 4th quarter worth approximately $96,000. Institutional investors own 93.44% of the company's stock.

Crocs Stock Down 1.5%

Shares of CROX traded down $1.65 on Thursday, reaching $111.17. The stock had a trading volume of 242,225 shares, compared to its average volume of 1,498,666. 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 firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 6.95, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46. The company has a 50-day simple moving average of $102.39 and a 200-day simple moving average of $103.95. Crocs, Inc. has a 12-month low of $86.11 and a 12-month high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings results 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. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The company had revenue of $937.33 million for the quarter, compared to analysts' expectations of $907.07 million. During the same quarter in the previous year, the business posted $3.02 EPS. Crocs's revenue was down .1% compared to the same quarter last year. Sell-side analysts predict that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Buying and Selling

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares of the company's stock, valued at $3,215,565.25. The trade was a 13.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ian Bickley sold 3,044 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $115.89, for a total value of $352,769.16. Following the sale, the director now owns 27,505 shares of the company's stock, valued at $3,187,554.45. This represents a 9.96% decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CROX. Wall Street Zen lowered shares of Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Needham & Company LLC lifted their target price on shares of Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. KeyCorp dropped their target price on Crocs from $150.00 to $120.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. UBS Group increased their price target on shares of Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Finally, Robert W. Baird reduced their target price on Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $139.79.

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.