Jones Financial Companies Lllp Acquires 206 Shares of Crocs, Inc. (NASDAQ:CROX)

Jones Financial Companies Lllp boosted its holdings in Crocs, Inc. (NASDAQ:CROX) by 38.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 744 shares of the textile maker’s stock after purchasing an additional 206 shares during the quarter. Jones Financial Companies Lllp’s holdings in Crocs were worth $81,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Chase Investment Counsel Corp boosted its position in shares of Crocs by 45.5% during the fourth quarter. Chase Investment Counsel Corp now owns 16,000 shares of the textile maker’s stock worth $1,752,000 after acquiring an additional 5,000 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Crocs by 39.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker’s stock valued at $1,888,000 after purchasing an additional 4,862 shares during the last quarter. Walter Public Investments Inc. grew its position in shares of Crocs by 18.3% during the fourth quarter. Walter Public Investments Inc. now owns 66,739 shares of the textile maker’s stock valued at $7,310,000 after purchasing an additional 10,335 shares in the last quarter. Whipplewood Advisors LLC bought a new position in Crocs during the fourth quarter valued at approximately $96,000. Finally, Impax Asset Management Group plc purchased a new position in Crocs during the 4th quarter valued at approximately $684,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CROX shares. Guggenheim cut their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 3rd. UBS Group lifted their price objective on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Loop Capital upgraded shares of Crocs from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Wednesday, March 12th. Needham & Company LLC reiterated a “buy” rating and set a $129.00 price objective on shares of Crocs in a research note on Thursday, February 13th. Finally, StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $143.53.

Insider Activity at Crocs

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

Crocs Stock Performance

NASDAQ:CROX opened at $98.60 on Monday. 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 company has a market cap of $5.53 billion, a price-to-earnings ratio of 6.17, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. The company has a fifty day simple moving average of $102.70 and a two-hundred day simple moving average of $114.84. Crocs, Inc. has a 52 week low of $88.25 and a 52 week high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. As a group, equities analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

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.