Charles Schwab Investment Management Inc. Raises Holdings in Crocs, Inc. (NASDAQ:CROX)

Charles Schwab Investment Management Inc. grew its position in shares of Crocs, Inc. (NASDAQ:CROX) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 715,422 shares of the textile maker’s stock after purchasing an additional 8,014 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.23% of Crocs worth $78,360,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CROX. Janney Montgomery Scott LLC grew its position in shares of Crocs by 23.6% during the third quarter. Janney Montgomery Scott LLC now owns 21,189 shares of the textile maker’s stock valued at $3,068,000 after purchasing an additional 4,051 shares in the last quarter. QRG Capital Management Inc. grew its position in Crocs by 15.9% in the third quarter. QRG Capital Management Inc. now owns 2,213 shares of the textile maker’s stock worth $320,000 after acquiring an additional 303 shares in the last quarter. Covestor Ltd grew its position in Crocs by 10.3% in the third quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock worth $178,000 after acquiring an additional 114 shares in the last quarter. Sigma Planning Corp grew its position in Crocs by 36.7% in the third quarter. Sigma Planning Corp now owns 7,099 shares of the textile maker’s stock worth $1,028,000 after acquiring an additional 1,906 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in Crocs by 55.8% in the third 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. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Performance

Crocs stock opened at $101.10 on Tuesday. The company has a 50 day moving average price of $103.52 and a 200-day moving average price of $116.05. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. Crocs, Inc. has a fifty-two week low of $88.25 and a fifty-two week high of $165.32. The company has a market capitalization of $5.67 billion, a PE ratio of 6.32, a P/E/G ratio of 1.80 and a beta of 1.84.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results 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 net margin of 23.16% and a return on equity of 46.27%. As a group, equities analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Adam Michaels sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the transaction, the executive vice president now owns 89,323 shares of the company’s stock, valued at $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the transaction, the executive vice president now directly owns 29,299 shares of the company’s stock, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on CROX. Guggenheim dropped their price target on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. KeyCorp dropped their price target on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Bank of America lifted their price target on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $129.00 price target on shares of Crocs in a research report on Thursday, February 13th. Finally, Barclays dropped their price target on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.53.

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.