Jefferies Financial Group Inc. Takes Position in Crocs, Inc. (NASDAQ:CROX)

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

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Crocs by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock worth $599,959,000 after purchasing an additional 47,576 shares during the period. Pacer Advisors Inc. grew its position in shares of Crocs by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock worth $223,126,000 after buying an additional 577,467 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Crocs by 1,516.1% during 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 last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Crocs by 49.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock valued at $143,309,000 after buying an additional 429,994 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Crocs by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker's stock valued at $116,644,000 after acquiring an additional 15,037 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Insider Activity at Crocs

In other news, EVP Shannon Sisler sold 4,659 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now owns 29,299 shares in the company, valued at $3,215,565.25. This represents a 13.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ian Bickley sold 3,044 shares of the business's stock in a transaction 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 transaction, the director now owns 27,505 shares in the company, valued at approximately $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. StockNews.com cut Crocs from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Stifel Nicolaus dropped their price objective on Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. KeyCorp reduced their target price on Crocs from $150.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Robert W. Baird dropped their price target on Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Finally, Bank of America boosted their price objective on Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $139.79.

Crocs Stock Down 1.6%

Shares of CROX stock traded down $1.82 during trading on Tuesday, reaching $112.91. The company's stock had a trading volume of 1,635,333 shares, compared to its average volume of 1,498,171. Crocs, Inc. has a one year low of $86.11 and a one year high of $165.32. The business has a fifty day moving average price of $101.85 and a 200-day moving average price of $103.83. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 7.06, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

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

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.