Asio Capital LLC Buys 6,983 Shares of Crocs, Inc. (NASDAQ:CROX)

Asio Capital LLC increased its position in Crocs, Inc. (NASDAQ:CROX) by 29.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,995 shares of the textile maker’s stock after purchasing an additional 6,983 shares during the period. Asio Capital LLC owned approximately 0.05% of Crocs worth $3,395,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its holdings in shares of 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 purchasing an additional 224 shares in the last quarter. UMB Bank n.a. lifted its stake in Crocs by 64.9% during the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after acquiring an additional 120 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of Crocs by 83.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 142 shares during the last quarter. Avior Wealth Management LLC grew its stake in shares of Crocs by 109.5% in the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after acquiring an additional 208 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Crocs during the third quarter valued at approximately $73,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Susan L. Healy bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the transaction, the chief financial officer now owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. This represents a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John B. Replogle purchased 2,240 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were purchased at an average price of $112.60 per share, with a total value of $252,224.00. Following the acquisition, the director now directly owns 9,304 shares in the company, valued at $1,047,630.40. This represents a 31.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is owned by company insiders.

Crocs Trading Down 1.4 %

Shares of CROX stock opened at $103.59 on Friday. The stock has a fifty day simple moving average of $107.68 and a two-hundred day simple moving average of $122.99. Crocs, Inc. has a 52-week low of $94.50 and a 52-week high of $165.32. The firm has a market capitalization of $6.04 billion, a PE ratio of 7.51, a PEG ratio of 1.79 and a beta of 1.95. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm earned $3.25 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, analysts predict that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a report on Saturday, January 11th. Robert W. Baird dropped their price target on Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Monness Crespi & Hardt reduced their price objective on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. KeyCorp dropped their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and reduced their price target for the company from $150.00 to $110.00 in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Crocs has a consensus rating of “Moderate Buy” and a consensus target price of $146.80.

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.