Voss Capital LP Raises Stock Position in Crocs, Inc. (NASDAQ:CROX)

Voss Capital LP raised its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 32.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,500 shares of the textile maker's stock after purchasing an additional 65,000 shares during the quarter. Crocs comprises 2.2% of Voss Capital LP's holdings, making the stock its 18th biggest position. Voss Capital LP owned approximately 0.46% of Crocs worth $29,299,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Crocs by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock valued at $599,959,000 after purchasing an additional 47,576 shares during the last quarter. Empowered Funds LLC grew its holdings in Crocs by 42.0% during the fourth quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker's stock worth $8,450,000 after acquiring an additional 22,809 shares during the period. State of Alaska Department of Revenue raised its position in Crocs by 129.8% during the fourth quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker's stock valued at $2,373,000 after acquiring an additional 12,245 shares in the last quarter. Impax Asset Management Group plc acquired a new position in Crocs in the fourth quarter valued at approximately $684,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in Crocs by 39.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker's stock valued at $1,888,000 after acquiring an additional 4,862 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CROX shares. Guggenheim decreased their target price on shares of Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Bank of America raised their target price on Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research report on Friday, February 14th. StockNews.com cut Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Needham & Company LLC reissued a "buy" rating and issued a $129.00 price objective on shares of Crocs in a report on Thursday, February 13th. Finally, Loop Capital upped their target price on Crocs from $110.00 to $125.00 and gave the stock 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $140.00.

Crocs Trading Down 1.1 %

NASDAQ:CROX traded down $1.05 on Friday, reaching $97.68. The company's stock had a trading volume of 1,302,505 shares, compared to its average volume of 1,468,519. Crocs, Inc. has a 12-month low of $86.11 and a 12-month high of $165.32. The stock has a 50 day moving average price of $100.66 and a 200 day moving average price of $106.76. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 6.11, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. 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 announced its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. On average, equities analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Adam Michaels sold 15,000 shares of the business's stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 89,323 shares of the company's stock, valued at $9,529,870.87. The trade was a 14.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $511,325.25. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders own 2.72% of the company's stock.

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.