Crocs, Inc. (NASDAQ:CROX) Position Increased by Stephens Inc. AR

Stephens Inc. AR raised its position in shares of Crocs, Inc. (NASDAQ:CROX) by 12.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,908 shares of the textile maker’s stock after buying an additional 319 shares during the quarter. Stephens Inc. AR’s holdings in Crocs were worth $319,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CROX. Financial Management Professionals Inc. lifted its stake in Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after buying an additional 224 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Crocs by 83.0% during the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after buying an additional 142 shares in the last quarter. UMB Bank n.a. lifted its stake in Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after buying an additional 142 shares in the last quarter. Avior Wealth Management LLC lifted its stake in Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after buying an additional 208 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Crocs in the 3rd quarter valued at about $73,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Stock Down 1.5 %

CROX opened at $108.43 on Friday. Crocs, Inc. has a 1-year low of $88.25 and a 1-year high of $165.32. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 1.67 and a beta of 1.93. The business has a 50 day moving average of $105.73 and a 200-day moving average of $119.35.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 49.70% and a net margin of 20.50%. As a group, sell-side analysts anticipate that Crocs, Inc. will post 12.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CROX has been the topic of a number of research reports. StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $129.00 target price on shares of Crocs in a report on Thursday. UBS Group dropped their target price on Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Loop Capital downgraded Crocs from a “buy” rating to a “hold” rating and dropped their target price for the company from $150.00 to $110.00 in a report on Thursday, November 7th. Finally, Barclays dropped their target price on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Friday. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.87.

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.