Aurora Investment Counsel Purchases 2,168 Shares of Crocs, Inc. (NASDAQ:CROX)

Aurora Investment Counsel boosted its position in Crocs, Inc. (NASDAQ:CROX) by 36.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,187 shares of the textile maker’s stock after acquiring an additional 2,168 shares during the period. Aurora Investment Counsel’s holdings in Crocs were worth $897,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CROX. Sigma Planning Corp increased its stake in Crocs by 36.7% during the 3rd quarter. Sigma Planning Corp now owns 7,099 shares of the textile maker’s stock valued at $1,028,000 after purchasing an additional 1,906 shares in the last quarter. Versor Investments LP acquired a new position in shares of Crocs during the third quarter valued at about $405,000. Entropy Technologies LP bought a new stake in shares of Crocs during the third quarter worth about $887,000. Victory Capital Management Inc. raised its holdings in shares of Crocs by 40.2% in the 3rd quarter. Victory Capital Management Inc. now owns 20,907 shares of the textile maker’s stock worth $3,028,000 after acquiring an additional 5,995 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in Crocs by 16.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,374 shares of the textile maker’s stock valued at $1,792,000 after acquiring an additional 1,724 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Insider Transactions at Crocs

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

Crocs Stock Down 1.8 %

CROX stock opened at $100.00 on Friday. The stock has a fifty day moving average of $103.14 and a 200-day moving average of $115.62. 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 $5.61 billion, a price-to-earnings ratio of 6.25, a PEG ratio of 1.80 and a beta of 1.84. 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 (NASDAQ:CROX) last issued its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates 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 research analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on CROX shares. Robert W. Baird lowered their price objective on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Barclays decreased their price target on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Guggenheim dropped their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Bank of America increased their target price on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Loop Capital upgraded Crocs from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.