Potrero Capital Research LLC Buys New Position in Crocs, Inc. (NASDAQ:CROX)

Potrero Capital Research LLC acquired a new stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 30,542 shares of the textile maker's stock, valued at approximately $3,345,000. Crocs comprises about 1.1% of Potrero Capital Research LLC's investment portfolio, making the stock its 18th largest position. Potrero Capital Research LLC owned 0.05% of Crocs as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Clear Harbor Asset Management LLC raised its position in shares of Crocs by 3.3% during the 4th quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker's stock valued at $341,000 after buying an additional 100 shares in the last quarter. Valmark Advisers Inc. raised its position in Crocs by 1.8% during the fourth quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker's stock valued at $726,000 after purchasing an additional 117 shares during the period. Manchester Capital Management LLC lifted its stake in shares of Crocs by 9.9% in the 4th quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker's stock valued at $157,000 after purchasing an additional 129 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Crocs by 5.3% in the 4th quarter. ProShare Advisors LLC now owns 2,726 shares of the textile maker's stock worth $299,000 after purchasing an additional 137 shares during the period. Finally, UMB Bank n.a. increased its position in shares of Crocs by 46.6% during the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock valued at $49,000 after purchasing an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Crocs Stock Down 2.4%

Crocs stock traded down $2.82 during midday trading on Monday, hitting $114.73. 1,591,572 shares of the company's stock were exchanged, compared to its average volume of 1,497,617. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $165.32. The firm has a 50-day moving average of $101.60 and a two-hundred day moving average of $103.77. The company has a market cap of $6.43 billion, a PE ratio of 7.18, a P/E/G ratio of 1.80 and a beta of 1.46.

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

Insider Activity

In related news, EVP Adam Michaels sold 15,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the sale, the executive vice president now owns 89,323 shares of the company's stock, valued at $9,529,870.87. This trade represents a 14.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares of the company's stock, valued at approximately $3,215,565.25. The trade was a 13.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,703 shares of company stock worth $2,464,444. 3.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. StockNews.com lowered shares of Crocs from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. KeyCorp dropped their price target on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Guggenheim reduced their price objective on shares of Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Loop Capital raised their price objective on shares of Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Finally, Barclays cut their target price on Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $139.79.

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.