Crocs, Inc. (NASDAQ:CROX) Position Raised by Telemus Capital LLC

Telemus Capital LLC raised its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 23.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,803 shares of the textile maker's stock after purchasing an additional 7,586 shares during the period. Telemus Capital LLC owned 0.07% of Crocs worth $3,718,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its stake in shares of Crocs by 60.1% in the third quarter. Assenagon Asset Management S.A. now owns 1,024,452 shares of the textile maker's stock worth $90,387,000 after buying an additional 384,390 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Crocs by 13.4% in the fourth quarter. Pacer Advisors Inc. now owns 771,305 shares of the textile maker's stock worth $72,048,000 after buying an additional 91,318 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Crocs by 141.1% in the third quarter. AQR Capital Management LLC now owns 720,554 shares of the textile maker's stock worth $63,574,000 after buying an additional 421,712 shares in the last quarter. Voss Capital LLC lifted its stake in shares of Crocs by 610.0% in the third quarter. Voss Capital LLC now owns 710,000 shares of the textile maker's stock worth $62,643,000 after buying an additional 610,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Crocs by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 672,330 shares of the textile maker's stock worth $59,320,000 after buying an additional 30,761 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Crocs

In related news, Director Ian Bickley sold 16,785 shares of Crocs stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $120.05, for a total value of $2,015,039.25. Following the completion of the transaction, the director now owns 31,815 shares in the company, valued at $3,819,390.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Daniel P. Hart sold 10,000 shares of Crocs stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $118.48, for a total value of $1,184,800.00. Following the completion of the transaction, the executive vice president now owns 219,293 shares in the company, valued at $25,981,834.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ian Bickley sold 16,785 shares of Crocs stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the completion of the transaction, the director now owns 31,815 shares of the company's stock, valued at approximately $3,819,390.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,867 shares of company stock worth $4,786,276. Corporate insiders own 2.69% of the company's stock.

Crocs Trading Up 0.8 %

Shares of CROX traded up $1.05 during trading on Tuesday, reaching $126.43. 1,172,234 shares of the company traded hands, compared to its average volume of 1,425,077. Crocs, Inc. has a twelve month low of $74.00 and a twelve month high of $151.32. The stock has a market cap of $7.65 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 1.52 and a beta of 2.01. The stock has a 50-day simple moving average of $127.80 and a 200-day simple moving average of $106.94. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 1.13.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The textile maker reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.38 by $0.20. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The business had revenue of $960.10 million during the quarter, compared to analysts' expectations of $958.39 million. During the same period last year, the business earned $2.65 earnings per share. The business's revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts anticipate that Crocs, Inc. will post 12.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CROX. Bank of America raised their price target on shares of Crocs from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. UBS Group lifted their target price on shares of Crocs from $117.00 to $124.00 and gave the stock a "neutral" rating in a research note on Tuesday. Williams Trading reaffirmed a "hold" rating and set a $125.00 target price (down from $135.00) on shares of Crocs in a research note on Tuesday, April 16th. Raymond James lifted their target price on shares of Crocs from $120.00 to $145.00 and gave the stock a "strong-buy" rating in a research note on Friday, February 16th. Finally, Barclays assumed coverage on shares of Crocs in a research note on Monday, April 1st. They set an "overweight" rating and a $167.00 target price on the stock. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Crocs currently has an average rating of "Moderate Buy" and an average target price of $145.17.

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.