Crocs, Inc. (NASDAQ:CROX) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its position in shares of Crocs, Inc. (NASDAQ:CROX) by 38.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 744 shares of the textile maker’s stock after buying an additional 206 shares during the period. Jones Financial Companies Lllp’s holdings in Crocs were worth $81,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the business. Victory Capital Management Inc. grew its holdings in shares of Crocs by 40.2% in the 3rd quarter. Victory Capital Management Inc. now owns 20,907 shares of the textile maker’s stock worth $3,028,000 after acquiring an additional 5,995 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Crocs by 16.2% in the third quarter. Oppenheimer & Co. Inc. now owns 12,374 shares of the textile maker’s stock valued at $1,792,000 after purchasing an additional 1,724 shares during the last quarter. KBC Group NV increased its position in shares of Crocs by 11.9% in the third quarter. KBC Group NV now owns 1,659 shares of the textile maker’s stock valued at $240,000 after buying an additional 177 shares in the last quarter. Huntington National Bank raised its stake in shares of Crocs by 178.5% during the 3rd quarter. Huntington National Bank now owns 738 shares of the textile maker’s stock worth $107,000 after buying an additional 473 shares during the last quarter. Finally, Natixis Advisors LLC boosted its position in shares of Crocs by 17.1% in the 3rd quarter. Natixis Advisors LLC now owns 12,221 shares of the textile maker’s stock worth $1,770,000 after buying an additional 1,783 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CROX. KeyCorp dropped their target price on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Loop Capital raised Crocs from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Wednesday, March 12th. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Barclays reduced their price objective on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Finally, Guggenheim dropped their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Crocs currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.53.

Crocs Stock Down 1.4 %

Shares of NASDAQ CROX opened at $98.60 on Monday. The stock has a market capitalization of $5.53 billion, a PE ratio of 6.17, a P/E/G ratio of 1.80 and a beta of 1.84. 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 firm has a fifty day moving average of $102.70 and a 200-day moving average of $114.84. Crocs, Inc. has a 52-week low of $88.25 and a 52-week high of $165.32.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (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%. On average, analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Activity at Crocs

In other news, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction on 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 owns 29,299 shares of the company’s stock, valued at $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the sale, the executive vice president now owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by insiders.

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.