Xponance Inc. Buys 492 Shares of Crocs, Inc. (NASDAQ:CROX)

Xponance Inc. increased its stake in Crocs, Inc. (NASDAQ:CROX) by 5.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,372 shares of the textile maker’s stock after acquiring an additional 492 shares during the period. Xponance Inc.’s holdings in Crocs were worth $1,027,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. lifted 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. Natixis Advisors LLC boosted its position in shares of Crocs by 17.1% during the third quarter. Natixis Advisors LLC now owns 12,221 shares of the textile maker’s stock valued at $1,770,000 after buying an additional 1,783 shares during the period. Pathstone Holdings LLC boosted its position in shares of Crocs by 24.2% during the third quarter. Pathstone Holdings LLC now owns 12,797 shares of the textile maker’s stock valued at $1,853,000 after buying an additional 2,491 shares during the period. Avior Wealth Management LLC grew its stake in shares of Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after buying an additional 208 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in Crocs by 36.6% during the 3rd quarter. Cerity Partners LLC now owns 10,252 shares of the textile maker’s stock valued at $1,485,000 after acquiring an additional 2,745 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. This 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 company insiders.

Crocs Stock Down 0.8 %

Shares of CROX stock opened at $104.59 on Monday. The stock’s fifty day moving average price is $102.14 and its 200 day moving average price is $113.48. Crocs, Inc. has a 1-year low of $88.25 and a 1-year high of $165.32. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 6.54, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) 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%. On average, research analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Guggenheim lowered their price objective on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. KeyCorp lowered their price target on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Robert W. Baird decreased their target price on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. UBS Group upped their target price on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Finally, StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.