Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,098 Shares of Crocs, Inc. (NASDAQ:CROX)

Posted by Defense World Staff on Apr 26th, 2023

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Crocs, Inc. (NASDAQ:CROX – Get Rating) by 13.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,246 shares of the textile maker’s stock after acquiring an additional 1,098 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Crocs were worth $1,003,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CROX. JPMorgan Chase & Co. grew its stake in shares of Crocs by 0.6% in the first quarter. JPMorgan Chase & Co. now owns 160,588 shares of the textile maker’s stock valued at $12,269,000 after buying an additional 972 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Crocs by 91.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 25,493 shares of the textile maker’s stock valued at $1,948,000 after buying an additional 12,173 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Crocs by 156.1% during the 1st quarter. HighTower Advisors LLC now owns 21,233 shares of the textile maker’s stock valued at $1,623,000 after purchasing an additional 12,941 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Crocs by 9.7% during the 1st quarter. Private Advisor Group LLC now owns 7,180 shares of the textile maker’s stock valued at $549,000 after purchasing an additional 634 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Crocs by 2.7% during the 1st quarter. Rhumbline Advisers now owns 161,078 shares of the textile maker’s stock valued at $12,306,000 after purchasing an additional 4,287 shares during the last quarter. 84.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, President Michelle Poole sold 11,055 shares of the firm’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $130.61, for a total value of $1,443,893.55. Following the transaction, the president now owns 134,102 shares in the company, valued at $17,515,062.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Crocs news, CEO Andrew Rees sold 10,000 shares of Crocs stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $150.05, for a total value of $1,500,500.00. Following the transaction, the chief executive officer now owns 89,748 shares in the company, valued at $13,466,687.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Michelle Poole sold 11,055 shares of Crocs stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $130.61, for a total value of $1,443,893.55. Following the completion of the transaction, the president now owns 134,102 shares in the company, valued at approximately $17,515,062.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,735 shares of company stock worth $7,581,640. Company insiders own 2.71% of the company’s stock.

Crocs Stock Down 3.8 %

CROX opened at $145.33 on Wednesday. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.86 and a current ratio of 1.60. Crocs, Inc. has a fifty-two week low of $46.08 and a fifty-two week high of $151.32. The company has a market capitalization of $8.97 billion, a P/E ratio of 16.72, a P/E/G ratio of 0.87 and a beta of 1.95. The stock has a fifty day moving average of $126.31 and a 200-day moving average of $109.37.

Crocs (NASDAQ:CROX – Get Rating) last issued its quarterly earnings results on Thursday, February 16th. The textile maker reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.47. Crocs had a return on equity of 118.32% and a net margin of 15.19%. The company had revenue of $945.16 million for the quarter, compared to analysts’ expectations of $939.16 million. During the same quarter last year, the business earned $2.15 earnings per share. Crocs’s revenue was up 61.1% on a year-over-year basis. On average, equities analysts expect that Crocs, Inc. will post 11.28 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on CROX. Piper Sandler raised their price target on Crocs from $118.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, January 12th. Loop Capital raised their price target on Crocs from $165.00 to $185.00 in a report on Friday, February 17th. Robert W. Baird raised their price target on Crocs from $155.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, February 17th. TheStreet raised Crocs from a “c+” rating to a “b” rating in a report on Monday, January 30th. Finally, StockNews.com began coverage on Crocs in a report on Thursday, March 16th. They set a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.57.

About Crocs

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Crocs, Inc engages in the design, development, manufacturing, worldwide marketing, sale, and distribution of casual footwear and accessories for men, women, and children. It operates through the following segments: North America, Asia Pacific, Europe, Middle East, Africa, and Latin America (EMEALA), and HEYDUDE Brand.