Crocs, Inc. (NASDAQ:CROX) Holdings Raised by Blue Trust Inc.

Blue Trust Inc. grew its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 14.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,879 shares of the textile maker’s stock after purchasing an additional 243 shares during the period. Blue Trust Inc.’s holdings in Crocs were worth $206,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its stake in Crocs by 55.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock worth $5,820,000 after acquiring an additional 14,387 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in Crocs by 585.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock worth $3,526,000 after acquiring an additional 20,797 shares in the last quarter. Catalyst Capital Advisors LLC lifted its stake in Crocs by 2,775.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock worth $1,145,000 after acquiring an additional 7,633 shares in the last quarter. Aigen Investment Management LP purchased a new stake in Crocs in the 3rd quarter worth about $2,024,000. Finally, International Assets Investment Management LLC purchased a new stake in Crocs in the 3rd quarter worth about $2,076,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Adam Michaels sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the sale, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.72% of the stock is owned by company insiders.

Crocs Stock Up 3.4 %

Shares of Crocs stock opened at $110.97 on Thursday. The stock has a market capitalization of $6.22 billion, a P/E ratio of 6.94, a PEG ratio of 1.82 and a beta of 1.93. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The stock has a 50 day moving average price of $105.55 and a two-hundred day moving average price of $118.92. Crocs, Inc. has a 12-month low of $88.25 and a 12-month high of $165.32.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Equities analysts expect that Crocs, Inc. will post 12.97 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CROX. Barclays reduced their price objective on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $129.00 price target on shares of Crocs in a research note on Thursday, February 13th. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a research note on Thursday. Bank of America raised their price target on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Monness Crespi & Hardt cut their price target on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.53.

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.