Scientech Research LLC Makes New Investment in Crocs, Inc. (NASDAQ:CROX)

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

Other large investors also recently added to or reduced their stakes in the company. UMB Bank n.a. raised 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 period. Allianz SE bought a new position in shares of Crocs during the fourth quarter worth $53,000. TD Waterhouse Canada Inc. grew its stake in Crocs by 425.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker's stock valued at $74,000 after acquiring an additional 549 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Crocs by 38.3% in the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock worth $81,000 after purchasing an additional 206 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in shares of Crocs during the fourth quarter valued at about $96,000. 93.44% of the stock is currently owned by institutional investors.

Insider Activity at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $3,187,554.45. This represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. This represents a 13.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Crocs Stock Performance

CROX stock traded down $1.40 during trading on Thursday, reaching $111.42. The company had a trading volume of 516,337 shares, compared to its average volume of 1,499,678. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 6.97, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $165.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The firm has a 50-day simple moving average of $102.39 and a 200-day simple moving average of $103.95.

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

Analyst Ratings Changes

CROX has been the topic of a number of recent research reports. Stifel Nicolaus decreased their price target on shares of Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Needham & Company LLC increased their price target on shares of Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Wall Street Zen lowered Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Piper Sandler decreased their price objective on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Bank of America raised their price objective on Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.