KBC Group NV Has $247,000 Stock Position in Crocs, Inc. (NASDAQ:CROX)

KBC Group NV increased its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 36.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,257 shares of the textile maker’s stock after buying an additional 598 shares during the quarter. KBC Group NV’s holdings in Crocs were worth $247,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Creative Planning raised its position in shares of Crocs by 13.2% during the second quarter. Creative Planning now owns 5,006 shares of the textile maker’s stock worth $731,000 after purchasing an additional 582 shares during the period. Cetera Investment Advisers increased its stake in Crocs by 46.6% during the 2nd quarter. Cetera Investment Advisers now owns 13,073 shares of the textile maker’s stock worth $1,908,000 after purchasing an additional 4,158 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in Crocs by 17.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 16,300 shares of the textile maker’s stock worth $2,360,000 after buying an additional 2,400 shares during the period. Davis Investment Partners LLC lifted its stake in Crocs by 0.8% in the third quarter. Davis Investment Partners LLC now owns 9,673 shares of the textile maker’s stock valued at $1,362,000 after buying an additional 77 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings 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 buying an additional 120 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Crocs Stock Performance

Shares of Crocs stock opened at $96.74 on Tuesday. The company has a 50 day moving average of $107.82 and a 200-day moving average of $121.44. The company has a market cap of $5.64 billion, a PE ratio of 7.02, a price-to-earnings-growth ratio of 1.78 and a beta of 1.95. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. Crocs, Inc. has a 1-year low of $94.50 and a 1-year high of $165.32.

Insiders Place Their Bets

In related news, CFO Susan L. Healy purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was bought at an average price of $99.70 per share, with a total value of $99,700.00. Following the completion of the purchase, the chief financial officer now owns 22,652 shares in the company, valued at approximately $2,258,404.40. This represents a 4.62 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CROX shares. KeyCorp cut their price objective on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Robert W. Baird reduced their price objective on Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Monness Crespi & Hardt dropped their target price on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research note on Saturday, January 11th. Finally, UBS Group cut their price objective on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $146.47.

About Crocs

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.