Crocs, Inc. (NASDAQ:CROX) Shares Bought by Empowered Funds LLC

Empowered Funds LLC boosted its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 42.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 77,152 shares of the textile maker’s stock after purchasing an additional 22,809 shares during the period. Empowered Funds LLC owned approximately 0.13% of Crocs worth $8,450,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

CROX has been the subject of a number of recent analyst reports. StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a research report on Saturday, January 11th. Needham & Company LLC assumed coverage on shares of Crocs in a research report on Friday, November 22nd. They set a “buy” rating and a $116.00 price objective for the company. Loop Capital lowered shares of 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 research report on Thursday, November 7th. UBS Group reduced their price target on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, KeyCorp lowered their price objective on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Crocs has an average rating of “Moderate Buy” and an average target price of $146.47.

Crocs Price Performance

Crocs stock opened at $93.37 on Monday. 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 cap of $5.44 billion, a P/E ratio of 6.77, a PEG ratio of 1.67 and a beta of 1.93. The company has a 50-day moving average price of $107.06 and a 200 day moving average price of $120.43. Crocs, Inc. has a 12-month low of $92.39 and a 12-month high of $165.32.

Insider Transactions at Crocs

In other Crocs news, CFO Susan L. Healy bought 1,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was bought at an average price of $99.70 per share, with a total value of $99,700.00. Following the completion of the purchase, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. The trade was a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.72% of the company’s stock.

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.