Charles Schwab Investment Management Inc. grew its holdings in Crocs, Inc. (NASDAQ:CROX – Free Report) by 4.9% in the fourth quarter, Holdings Channel reports. The firm owned 705,383 shares of the textile maker’s stock after buying an additional 33,053 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Crocs were worth $65,890,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lisanti Capital Growth LLC bought a new position in Crocs during the 4th quarter valued at about $2,091,000. Private Advisor Group LLC raised its stake in Crocs by 16.2% during the 4th quarter. Private Advisor Group LLC now owns 17,201 shares of the textile maker’s stock valued at $1,607,000 after buying an additional 2,398 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Crocs by 10.0% in the 4th quarter. National Bank of Canada FI now owns 2,110 shares of the textile maker’s stock worth $198,000 after buying an additional 192 shares during the last quarter. TCG Advisory Services LLC purchased a new stake in Crocs during the fourth quarter valued at $206,000. Finally, Baxter Bros Inc. bought a new position in Crocs in the fourth quarter valued at about $206,000. 93.44% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on CROX. Bank of America upped their price target on shares of Crocs from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. KeyCorp lifted their price target on shares of Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Piper Sandler upped their price objective on Crocs from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Stifel Nicolaus lifted their target price on Crocs from $140.00 to $158.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Barclays raised their price objective on Crocs from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.75.
Check Out Our Latest Report on CROX
Crocs Price Performance
Shares of Crocs stock opened at $144.73 on Thursday. The stock has a 50 day moving average price of $131.85 and a 200-day moving average price of $111.98. Crocs, Inc. has a one year low of $74.00 and a one year high of $148.16. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 1.62 and a beta of 2.03. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.14 and a current ratio of 1.76.
Crocs (NASDAQ:CROX – Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The textile maker reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.25 by $0.77. The business had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $884.29 million. Crocs had a net margin of 19.80% and a return on equity of 56.33%. During the same quarter in the previous year, the business posted $2.61 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. Equities analysts expect that Crocs, Inc. will post 12.66 EPS for the current year.
Insider Transactions at Crocs
In related news, EVP Daniel P. Hart sold 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $118.48, for a total transaction of $1,184,800.00. Following the completion of the transaction, the executive vice president now owns 219,293 shares in the company, valued at approximately $25,981,834.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Crocs news, EVP Daniel P. Hart sold 10,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $118.48, for a total value of $1,184,800.00. Following the completion of the sale, the executive vice president now directly owns 219,293 shares of the company’s stock, valued at approximately $25,981,834.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John B. Replogle purchased 1,972 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were purchased at an average price of $126.75 per share, for a total transaction of $249,951.00. Following the purchase, the director now owns 3,153 shares of the company’s stock, valued at approximately $399,642.75. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 50,041 shares of company stock worth $6,213,892. 2.72% of the stock is currently owned by company insiders.
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.
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