Corient Private Wealth LLC Sells 219 Shares of Crocs, Inc. (NASDAQ:CROX)

Corient Private Wealth LLC decreased its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 1.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,996 shares of the textile maker’s stock after selling 219 shares during the period. Corient Private Wealth LLC’s holdings in Crocs were worth $1,533,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. UMB Bank n.a. grew its holdings in Crocs by 46.6% in the 4th 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. Wilmington Savings Fund Society FSB acquired a new position in shares of Crocs in the third quarter valued at about $73,000. Quarry LP acquired a new position in shares of Crocs in the third quarter valued at about $104,000. Jones Financial Companies Lllp raised 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 bought a new stake in Crocs in the 4th quarter valued at about $96,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Activity

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 owns 89,323 shares in the company, valued at approximately $9,529,870.87. This trade represents a 14.38 % decrease in their position. 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 company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction 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 approximately $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. Insiders own 2.72% of the company’s stock.

Crocs Trading Up 1.5 %

NASDAQ CROX opened at $112.59 on Wednesday. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a twelve month low of $88.25 and a twelve month high of $165.32. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The business’s fifty day moving average is $102.39 and its 200 day moving average is $113.19.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. As a group, sell-side analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CROX has been the topic of several recent research reports. Bank of America raised their target price on shares of Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Barclays dropped their price objective on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Loop Capital upgraded Crocs from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research report on Wednesday, March 12th. KeyCorp cut their price objective on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Finally, UBS Group boosted their target price on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $143.53.

Crocs Company 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.