Stifel Financial Corp Increases Position in Crocs, Inc. (NASDAQ:CROX)

Stifel Financial Corp increased its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 5.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,994 shares of the textile maker’s stock after buying an additional 523 shares during the period. Stifel Financial Corp’s holdings in Crocs were worth $1,592,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GHP Investment Advisors Inc. boosted its holdings in Crocs by 375.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock worth $33,000 after buying an additional 180 shares during the period. Financial Management Professionals Inc. boosted its holdings in shares of 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 acquiring an additional 224 shares during the period. UMB Bank n.a. grew its position in shares of Crocs by 64.9% in the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 120 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of Crocs by 83.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 142 shares during the period. Finally, Avior Wealth Management LLC grew its holdings in Crocs by 109.5% during the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after buying an additional 208 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CROX. Needham & Company LLC initiated coverage on Crocs in a research report on Friday, November 22nd. They set a “buy” rating and a $116.00 price objective on the stock. KeyCorp reduced their price target on Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Guggenheim reissued a “buy” rating and issued a $155.00 target price on shares of Crocs in a research note on Friday, December 6th. UBS Group lowered their price target on Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Crocs has an average rating of “Moderate Buy” and a consensus target price of $148.80.

Insider Activity

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

Crocs Stock Up 5.8 %

Crocs stock opened at $111.86 on Friday. The business has a 50 day simple moving average of $113.34 and a 200-day simple moving average of $131.02. Crocs, Inc. has a 12 month low of $85.71 and a 12 month high of $165.32. The stock has a market capitalization of $6.52 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 1.14 and a beta of 1.98. 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 posted its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating the consensus estimate of $3.10 by $0.50. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.25 EPS. On average, analysts anticipate that Crocs, Inc. will post 12.93 EPS for the current fiscal 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.