Handelsbanken Fonder AB Grows Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Handelsbanken Fonder AB raised its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 537.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 71,400 shares of the textile maker's stock after acquiring an additional 60,200 shares during the period. Handelsbanken Fonder AB owned approximately 0.12% of Crocs worth $6,669,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. CWM LLC boosted its stake in Crocs by 58.4% during the 4th quarter. CWM LLC now owns 1,684 shares of the textile maker's stock worth $157,000 after acquiring an additional 621 shares during the last quarter. Xponance Inc. lifted its holdings in Crocs by 1.3% during the fourth quarter. Xponance Inc. now owns 14,052 shares of the textile maker's stock worth $1,313,000 after acquiring an additional 177 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Crocs by 23.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,770 shares of the textile maker's stock valued at $352,000 after acquiring an additional 705 shares during the period. Vontobel Holding Ltd. grew its stake in Crocs by 71.9% in the fourth quarter. Vontobel Holding Ltd. now owns 14,864 shares of the textile maker's stock valued at $1,388,000 after acquiring an additional 6,215 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Crocs by 925.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 26,458 shares of the textile maker's stock worth $2,521,000 after acquiring an additional 23,878 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Williams Trading reaffirmed a "hold" rating and issued a $125.00 price objective (down from $135.00) on shares of Crocs in a research report on Tuesday, April 16th. B. Riley boosted their price target on Crocs from $95.00 to $122.00 and gave the company a "neutral" rating in a report on Wednesday, April 10th. Piper Sandler increased their price objective on Crocs from $135.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, February 16th. Bank of America boosted their target price on Crocs from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, March 20th. Finally, KeyCorp lifted their price objective on shares of Crocs from $130.00 to $149.00 and gave the company an "overweight" rating in a report on Thursday, March 21st. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $145.17.

Crocs Stock Performance

NASDAQ CROX traded up $1.89 on Friday, reaching $125.40. The stock had a trading volume of 846,955 shares, compared to its average volume of 1,400,769. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 0.75. The company has a market cap of $7.61 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 1.59 and a beta of 2.01. The firm has a fifty day moving average of $128.31 and a two-hundred day moving average of $107.46. Crocs, Inc. has a 1-year low of $74.00 and a 1-year high of $146.79.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The textile maker reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.20. Crocs had a return on equity of 61.97% and a net margin of 20.00%. The business had revenue of $960.10 million during the quarter, compared to analysts' expectations of $958.39 million. During the same period in the previous year, the company posted $2.65 earnings per share. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Crocs, Inc. will post 12.44 EPS for the current year.

Insider Transactions at Crocs

In related news, Director John B. Replogle bought 1,972 shares of the company's stock in a transaction dated Thursday, March 14th. The stock was purchased at an average price of $126.75 per share, with a total value of $249,951.00. Following the completion of the acquisition, the director now owns 3,153 shares of the company's stock, valued at $399,642.75. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, Director John B. Replogle purchased 1,972 shares of the business's stock in a transaction dated Thursday, March 14th. The shares were purchased at an average cost of $126.75 per share, with a total value of $249,951.00. Following the completion of the purchase, the director now owns 3,153 shares of the company's stock, valued at approximately $399,642.75. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Michelle Poole sold 5,074 shares of Crocs stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $124.98, for a total transaction of $634,148.52. Following the sale, the president now owns 52,966 shares in the company, valued at $6,619,690.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,867 shares of company stock valued at $4,786,276. Corporate insiders own 2.69% of the company's stock.

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.