2,260 Shares in Crocs, Inc. (NASDAQ:CROX) Bought by Advisory Services Network LLC

Advisory Services Network LLC bought a new stake in Crocs, Inc. (NASDAQ:CROX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,260 shares of the textile maker’s stock, valued at approximately $248,000.

Other hedge funds have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Crocs by 1,516.1% during the fourth 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 in the last quarter. Pacer Advisors Inc. raised its holdings in Crocs by 39.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after acquiring an additional 577,467 shares during the last quarter. Norges Bank acquired a new stake in shares of Crocs during the fourth quarter worth $62,221,000. Alliancebernstein L.P. increased its stake 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 purchasing an additional 270,598 shares during the last quarter. Finally, Contrarius Group Holdings Ltd purchased a new position in Crocs during the fourth quarter worth about $6,259,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Up 2.3 %

Shares of Crocs stock opened at $90.72 on Friday. 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 has a 50-day moving average price of $101.62 and a 200 day moving average price of $108.27. Crocs, Inc. has a fifty-two week low of $86.11 and a fifty-two week high of $165.32. The firm has a market cap of $5.09 billion, a P/E ratio of 5.67, a P/E/G ratio of 1.80 and a beta of 1.62.

Crocs (NASDAQ:CROX) last released its quarterly earnings data 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%. On average, sell-side analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CROX. Stifel Nicolaus reduced their target price on Crocs from $138.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. UBS Group boosted their price objective on shares of Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. KeyCorp reduced their target price on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, Guggenheim lowered their price target on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $140.00.

Insider Buying and Selling at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of the firm’s 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 sale, the executive vice president now owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This trade represents a 14.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. The trade was a 13.72 % 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.