Natixis Takes $9.27 Million Position in Crocs, Inc. (NASDAQ:CROX)

Natixis acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 84,657 shares of the textile maker’s stock, valued at approximately $9,272,000.

Other large investors have also recently bought and sold shares of the company. Clear Harbor Asset Management LLC grew its stake in shares of Crocs by 3.3% during the 4th quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker’s stock worth $341,000 after purchasing an additional 100 shares during the period. Valmark Advisers Inc. grew its position in Crocs by 1.8% during the fourth quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker’s stock worth $726,000 after buying an additional 117 shares during the period. Manchester Capital Management LLC grew its position in Crocs by 9.9% during the fourth quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker’s stock worth $157,000 after buying an additional 129 shares during the period. UMB Bank n.a. increased its holdings in Crocs by 46.6% in the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after buying an additional 142 shares in the last quarter. Finally, Riverwater Partners LLC boosted its stake in shares of Crocs by 0.9% during the 4th quarter. Riverwater Partners LLC now owns 19,974 shares of the textile maker’s stock worth $2,188,000 after acquiring an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $129.00 price objective on shares of Crocs in a research note on Thursday, February 13th. Barclays dropped their price target on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Robert W. Baird decreased their price objective on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. UBS Group raised their target price on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Finally, Loop Capital upped their price target on shares of Crocs from $110.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Crocs currently has a consensus rating of “Moderate Buy” and an average target price of $140.00.

Insider Activity at Crocs

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of Crocs 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 transaction, the executive vice president now owns 29,299 shares in the company, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction 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. The trade was 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 owned by insiders.

Crocs Trading Up 2.3 %

Shares of Crocs stock opened at $90.72 on Monday. Crocs, Inc. has a fifty-two week low of $86.11 and a fifty-two week high of $165.32. The business’s fifty day moving average is $101.62 and its two-hundred day moving average is $107.83. 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 market cap of $5.09 billion, a PE ratio of 5.67, a P/E/G ratio of 1.80 and a beta of 1.62.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current year.

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.