Crocs, Inc. (NASDAQ:CROX) Shares Bought by Covestor Ltd

Covestor Ltd raised its position in Crocs, Inc. (NASDAQ:CROX) by 25.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,411 shares of the textile maker’s stock after acquiring an additional 282 shares during the period. Covestor Ltd’s holdings in Crocs were worth $203,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Raymond James & Associates boosted its stake in Crocs by 235.8% in the fourth quarter. Raymond James & Associates now owns 58,514 shares of the textile maker’s stock valued at $5,466,000 after acquiring an additional 41,091 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Crocs by 17.0% in the first quarter. Nordea Investment Management AB now owns 51,189 shares of the textile maker’s stock worth $7,292,000 after buying an additional 7,448 shares during the last quarter. Alaska Permanent Fund Corp raised its holdings in shares of Crocs by 282.2% in the first quarter. Alaska Permanent Fund Corp now owns 15,478 shares of the textile maker’s stock worth $2,226,000 after buying an additional 11,428 shares during the last quarter. Tyro Capital Management LLC purchased a new position in shares of Crocs in the fourth quarter worth $10,481,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Crocs by 242.1% in the fourth quarter. BNP Paribas Financial Markets now owns 56,494 shares of the textile maker’s stock worth $5,277,000 after buying an additional 39,979 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CROX has been the subject of a number of research analyst reports. Wedbush raised their price target on shares of Crocs from $156.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. Monness Crespi & Hardt raised their price target on shares of Crocs from $140.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Stifel Nicolaus raised their price target on shares of Crocs from $140.00 to $158.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Barclays raised their price target on shares of Crocs from $167.00 to $169.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. Finally, Bank of America raised their price target on shares of Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Crocs currently has an average rating of “Moderate Buy” and a consensus price target of $154.67.

Insider Activity at Crocs

In related news, Director Thomas J. Smach sold 10,174 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $140.32, for a total transaction of $1,427,615.68. Following the sale, the director now owns 115,339 shares in the company, valued at $16,184,368.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Shannon Sisler sold 1,404 shares of Crocs stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $149.96, for a total value of $210,543.84. Following the sale, the executive vice president now owns 37,103 shares in the company, valued at $5,563,965.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Smach sold 10,174 shares of Crocs stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $140.32, for a total transaction of $1,427,615.68. Following the completion of the sale, the director now owns 115,339 shares in the company, valued at approximately $16,184,368.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,178 shares of company stock worth $4,597,445. 2.72% of the stock is owned by company insiders.

Crocs Stock Performance

CROX stock traded down $0.45 during midday trading on Tuesday, hitting $132.83. 375,635 shares of the stock traded hands, compared to its average volume of 1,331,005. The firm has a market cap of $8.06 billion, a P/E ratio of 10.32, a PEG ratio of 1.48 and a beta of 2.00. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.76 and a quick ratio of 1.14. The stock’s fifty day simple moving average is $147.40 and its 200-day simple moving average is $129.83. Crocs, Inc. has a 1-year low of $74.00 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Tuesday, May 7th. The textile maker reported $3.02 EPS for the quarter, beating the consensus estimate of $2.25 by $0.77. The company had revenue of $938.60 million for the quarter, compared to analyst estimates of $884.29 million. Crocs had a net margin of 19.80% and a return on equity of 56.33%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $2.61 earnings per share. On average, analysts expect that Crocs, Inc. will post 12.7 earnings per share for the current 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.