NBC Securities Inc. Decreases Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

NBC Securities Inc. decreased its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 6.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,291 shares of the textile maker’s stock after selling 92 shares during the period. NBC Securities Inc.’s holdings in Crocs were worth $185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Byrne Asset Management LLC raised its stake in Crocs by 60.0% in the 4th quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 120 shares during the last quarter. Blue Trust Inc. raised its stake in Crocs by 185.0% in the 4th quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 222 shares during the last quarter. Quest Partners LLC acquired a new position in Crocs in the 4th quarter valued at $53,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Crocs in the 4th quarter worth $56,000. Finally, Manchester Capital Management LLC increased its stake in shares of Crocs by 1,673.5% in the 4th quarter. Manchester Capital Management LLC now owns 603 shares of the textile maker’s stock worth $56,000 after acquiring an additional 569 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CROX shares. B. Riley raised their target price on Crocs from $95.00 to $122.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Williams Trading reaffirmed a “hold” rating and issued a $125.00 target price (down from $135.00) on shares of Crocs in a research note on Tuesday, April 16th. Wedbush raised their target price on Crocs from $156.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, May 13th. OTR Global raised Crocs from a “mixed” rating to a “positive” rating in a research note on Thursday, April 11th. Finally, Barclays raised their price objective on Crocs from $167.00 to $169.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Crocs presently has an average rating of “Moderate Buy” and an average target price of $154.83.

Insider Activity

In other news, CEO Andrew Rees sold 10,000 shares of Crocs stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $160.15, for a total value of $1,601,500.00. Following the completion of the transaction, the chief executive officer now owns 79,748 shares in the company, valued at approximately $12,771,642.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Andrew Rees sold 10,000 shares of Crocs stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $160.15, for a total value of $1,601,500.00. Following the completion of the transaction, the chief executive officer now owns 79,748 shares in the company, valued at approximately $12,771,642.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Anne Mehlman sold 7,150 shares of Crocs stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $159.01, for a total value of $1,136,921.50. Following the completion of the transaction, the executive vice president now owns 143,075 shares of the company’s stock, valued at approximately $22,750,355.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,178 shares of company stock worth $4,597,445. 2.72% of the stock is currently owned by company insiders.

Crocs Stock Performance

Shares of Crocs stock opened at $154.74 on Friday. The business has a 50-day moving average of $141.21 and a 200 day moving average of $123.36. Crocs, Inc. has a 12 month low of $74.00 and a 12 month high of $165.32. The stock has a market capitalization of $9.39 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 1.79 and a beta of 1.97. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.76 and a quick ratio of 1.14.

Crocs (NASDAQ:CROX) last announced its earnings results on Tuesday, May 7th. The textile maker reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.77. Crocs had a return on equity of 56.33% and a net margin of 19.80%. The company had revenue of $938.60 million during the quarter, compared to analysts’ expectations of $884.29 million. During the same period last year, the business posted $2.61 EPS. Crocs’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, sell-side analysts forecast that Crocs, Inc. will post 12.66 earnings per share for the current year.

Crocs 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.