Skandinaviska Enskilda Banken AB publ bought a new position in shares of Crocs, Inc. (NASDAQ:CROX – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,000 shares of the textile maker’s stock, valued at approximately $253,000.
Several other large investors have also made changes to their positions in CROX. JPMorgan Chase & Co. boosted its position in shares of Crocs by 0.6% during the 1st quarter. JPMorgan Chase & Co. now owns 160,588 shares of the textile maker’s stock worth $12,269,000 after acquiring an additional 972 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Crocs by 91.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 25,493 shares of the textile maker’s stock worth $1,948,000 after acquiring an additional 12,173 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Crocs by 156.1% during the 1st quarter. HighTower Advisors LLC now owns 21,233 shares of the textile maker’s stock worth $1,623,000 after acquiring an additional 12,941 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Crocs by 9.7% during the 1st quarter. Private Advisor Group LLC now owns 7,180 shares of the textile maker’s stock worth $549,000 after acquiring an additional 634 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Crocs by 2.7% during the 1st quarter. Rhumbline Advisers now owns 161,078 shares of the textile maker’s stock worth $12,306,000 after acquiring an additional 4,287 shares in the last quarter. Institutional investors and hedge funds own 90.09% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. StockNews.com assumed coverage on shares of Crocs in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Loop Capital dropped their price objective on shares of Crocs from $185.00 to $175.00 in a research note on Friday, July 28th. Raymond James assumed coverage on shares of Crocs in a research note on Tuesday, June 13th. They issued a “market perform” rating for the company. Stifel Nicolaus raised shares of Crocs from a “hold” rating to a “buy” rating and dropped their price objective for the company from $140.00 to $130.00 in a research note on Thursday, July 27th. Finally, Wedbush reaffirmed an “outperform” rating and set a $133.00 price target on shares of Crocs in a research note on Tuesday, August 1st. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $145.29.
Insider Buying and Selling
In related news, Director Douglas J. Treff purchased 2,114 shares of Crocs stock in a transaction on Friday, August 18th. The stock was acquired at an average cost of $94.61 per share, for a total transaction of $200,005.54. Following the completion of the acquisition, the director now owns 99,770 shares of the company’s stock, valued at approximately $9,439,239.70. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other Crocs news, President Michelle Poole sold 8,832 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $111.00, for a total value of $980,352.00. Following the completion of the sale, the president now directly owns 110,209 shares in the company, valued at $12,233,199. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas J. Treff purchased 2,114 shares of Crocs stock in a transaction on Friday, August 18th. The stock was bought at an average price of $94.61 per share, with a total value of $200,005.54. Following the completion of the acquisition, the director now directly owns 99,770 shares of the company’s stock, valued at approximately $9,439,239.70. The disclosure for this purchase can be found here. Insiders bought 6,468 shares of company stock valued at $648,318 over the last quarter. Insiders own 2.69% of the company’s stock.
Crocs Price Performance
Shares of NASDAQ CROX opened at $96.84 on Tuesday. Crocs, Inc. has a twelve month low of $65.17 and a twelve month high of $151.32. The firm has a fifty day simple moving average of $109.27 and a 200 day simple moving average of $116.96. The company has a market capitalization of $5.97 billion, a PE ratio of 9.05 and a beta of 1.89. The company has a quick ratio of 1.00, a current ratio of 1.65 and a debt-to-equity ratio of 1.69.
Crocs (NASDAQ:CROX – Get Free Report) last announced its earnings results on Thursday, July 27th. The textile maker reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.61. Crocs had a net margin of 17.21% and a return on equity of 81.96%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm earned $3.24 earnings per share. Crocs’s quarterly revenue was up 11.2% on a year-over-year basis. On average, sell-side analysts forecast that Crocs, Inc. will post 12.14 EPS for the current year.
About Crocs
Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, shoe charms, and slippers under the Crocs brand name.
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