Crawford Fund Management LLC Boosts Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Crawford Fund Management LLC lifted its position in shares of Crocs, Inc. (NASDAQ:CROX) by 379.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,811 shares of the textile maker’s stock after purchasing an additional 27,551 shares during the period. Crocs accounts for approximately 1.1% of Crawford Fund Management LLC’s portfolio, making the stock its 14th largest position. Crawford Fund Management LLC owned 0.06% of Crocs worth $5,041,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CROX. GHP Investment Advisors Inc. raised its stake in Crocs by 375.0% in the second quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after buying an additional 180 shares in the last quarter. Financial Management Professionals Inc. raised its stake in Crocs by 11,200.0% in the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after buying an additional 224 shares in the last quarter. UMB Bank n.a. raised its stake in Crocs by 64.9% in the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after buying an additional 120 shares in the last quarter. V Square Quantitative Management LLC raised its stake in Crocs by 83.0% in the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after buying an additional 142 shares in the last quarter. Finally, Avior Wealth Management LLC raised its stake in 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 buying an additional 208 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Trading Up 1.5 %

Shares of Crocs stock opened at $105.60 on Friday. The company’s fifty day simple moving average is $123.20 and its 200-day simple moving average is $135.04. The stock has a market capitalization of $6.15 billion, a PE ratio of 7.66, a P/E/G ratio of 1.07 and a beta of 2.01. Crocs, Inc. has a 1-year low of $85.71 and a 1-year high of $165.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.50. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.25 EPS. As a group, equities analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CROX has been the subject of a number of analyst reports. UBS Group decreased their target price on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Guggenheim decreased their target price on shares of Crocs from $182.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Needham & Company LLC initiated coverage on shares of Crocs in a research note on Friday, November 22nd. They set a “buy” rating and a $116.00 target price for the company. Finally, Raymond James downgraded shares of Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $148.80.

Insider Activity at Crocs

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

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.