Bank of Montreal Can Purchases 1,439 Shares of Crocs, Inc. (NASDAQ:CROX)

Bank of Montreal Can increased its holdings in Crocs, Inc. (NASDAQ:CROX) by 12.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,393 shares of the textile maker’s stock after purchasing an additional 1,439 shares during the quarter. Bank of Montreal Can’s holdings in Crocs were worth $1,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership lifted its holdings in Crocs by 1,516.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock worth $145,299,000 after buying an additional 1,244,480 shares during the period. Pacer Advisors Inc. lifted its stake in Crocs by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after acquiring an additional 577,467 shares during the period. Norges Bank purchased a new stake in Crocs in the fourth quarter worth $62,221,000. Alliancebernstein L.P. boosted its holdings in Crocs by 38.9% in the fourth quarter. Alliancebernstein L.P. now owns 966,769 shares of the textile maker’s stock valued at $105,890,000 after acquiring an additional 270,598 shares in the last quarter. Finally, Contrarius Group Holdings Ltd purchased a new position in Crocs during the 4th quarter valued at $6,259,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CROX. 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 research report on Friday, February 14th. Piper Sandler lowered their price objective on shares of Crocs from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, April 11th. UBS Group upped their target price on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Barclays lowered their target price on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Finally, Robert W. Baird reduced their price target on Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $140.00.

Crocs Trading Up 2.3 %

NASDAQ:CROX opened at $90.72 on Friday. Crocs, Inc. has a one year low of $86.11 and a one year high of $165.32. The business has a fifty day moving average price of $101.58 and a 200-day moving average price of $108.62. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 5.67, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70.

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

Insider Buying and Selling

In other Crocs news, 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 transaction of $511,325.25. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is owned by insiders.

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.