11,675 Shares in Crocs, Inc. (NASDAQ:CROX) Bought by Scientech Research LLC

Scientech Research LLC purchased a new position in Crocs, Inc. (NASDAQ:CROX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,675 shares of the textile maker's stock, valued at approximately $1,279,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CROX. Empirical Asset Management LLC purchased a new stake in shares of Crocs in the 4th quarter worth $359,000. Merit Financial Group LLC raised its stake in Crocs by 7.1% in the fourth quarter. Merit Financial Group LLC now owns 38,037 shares of the textile maker's stock worth $4,166,000 after buying an additional 2,517 shares in the last quarter. UMB Bank n.a. increased its position in shares of Crocs by 46.6% during 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 in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Crocs by 14.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 45,919 shares of the textile maker's stock valued at $5,030,000 after acquiring an additional 5,727 shares during the period. Finally, Clear Harbor Asset Management LLC boosted its holdings in Crocs by 3.3% in the fourth quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker's stock valued at $341,000 after purchasing an additional 100 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Crocs

In other news, EVP Shannon Sisler sold 4,659 shares of the business'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 directly owns 29,299 shares in the company, valued at approximately $3,215,565.25. The trade was a 13.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ian Bickley sold 3,044 shares of Crocs stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $115.89, for a total value of $352,769.16. Following the sale, the director now directly owns 27,505 shares in the company, valued at $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. Corporate insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CROX shares. Needham & Company LLC lifted their price target on Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. UBS Group upped their target price on Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Guggenheim cut their target price on Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Piper Sandler lowered their target price on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Loop Capital boosted their price objective on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $139.79.

Crocs Stock Performance

Shares of NASDAQ:CROX traded down $1.82 during trading on Tuesday, hitting $112.91. 1,635,333 shares of the company traded hands, compared to its average volume of 1,501,727. Crocs, Inc. has a one year low of $86.11 and a one year high of $165.32. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 7.06, a PEG ratio of 1.80 and a beta of 1.46. The business's fifty day moving average is $101.85 and its 200-day moving average is $103.83. 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 released its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts' consensus estimates of $2.51 by $0.49. The firm had revenue of $937.33 million during the quarter, compared to the consensus estimate of $907.07 million. Crocs had a return on equity of 46.27% and a net margin of 23.16%. The firm's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.02 earnings per share. As a group, equities analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

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.