Vise Technologies Inc. cut its position in Crocs, Inc. (NASDAQ:CROX – Get Rating) by 40.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,015 shares of the textile maker’s stock after selling 1,397 shares during the quarter. Vise Technologies Inc.’s holdings in Crocs were worth $218,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of CROX. JPMorgan Chase & Co. lifted its stake in Crocs by 0.6% in the first quarter. JPMorgan Chase & Co. now owns 160,588 shares of the textile maker’s stock valued at $12,269,000 after buying an additional 972 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in Crocs by 91.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 25,493 shares of the textile maker’s stock valued at $1,948,000 after buying an additional 12,173 shares during the period. HighTower Advisors LLC lifted its stake in Crocs by 156.1% in the first quarter. HighTower Advisors LLC now owns 21,233 shares of the textile maker’s stock valued at $1,623,000 after buying an additional 12,941 shares during the period. Private Advisor Group LLC lifted its stake in Crocs by 9.7% in the first quarter. Private Advisor Group LLC now owns 7,180 shares of the textile maker’s stock valued at $549,000 after buying an additional 634 shares during the period. Finally, Rhumbline Advisers lifted its stake in Crocs by 2.7% in the first quarter. Rhumbline Advisers now owns 161,078 shares of the textile maker’s stock valued at $12,306,000 after buying an additional 4,287 shares during the period. 84.95% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently commented on CROX. TheStreet upgraded Crocs from a “c+” rating to a “b” rating in a report on Monday, January 30th. StockNews.com started coverage on Crocs in a report on Thursday, May 18th. They set a “hold” rating for the company. Loop Capital upped their price target on Crocs from $165.00 to $185.00 in a report on Friday, February 17th. Stifel Nicolaus upped their price target on Crocs from $133.00 to $150.00 and gave the stock a “hold” rating in a report on Friday, April 21st. Finally, B. Riley upped their price target on Crocs from $157.00 to $159.00 in a report on Friday, April 28th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Crocs presently has a consensus rating of “Moderate Buy” and an average target price of $158.00.
Crocs Stock Performance
Shares of CROX opened at $107.11 on Tuesday. The stock’s 50-day simple moving average is $124.14 and its 200 day simple moving average is $115.09. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 0.63 and a beta of 1.94. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.01 and a current ratio of 1.76. Crocs, Inc. has a 52-week low of $46.08 and a 52-week high of $151.32.
Crocs (NASDAQ:CROX – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The textile maker reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.46. The firm had revenue of $884.20 million for the quarter, compared to analysts’ expectations of $857.76 million. Crocs had a return on equity of 98.41% and a net margin of 16.33%. The company’s revenue was up 33.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.05 EPS. Research analysts forecast that Crocs, Inc. will post 11.53 EPS for the current fiscal year.
Insider Activity
In related news, CEO Andrew Rees sold 9,164 shares of the firm’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $140.02, for a total transaction of $1,283,143.28. Following the transaction, the chief executive officer now directly owns 110,584 shares in the company, valued at approximately $15,483,971.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Crocs news, Director Thomas J. Smach acquired 3,000 shares of the company’s stock in a transaction on Monday, March 13th. The stock was acquired at an average price of $113.15 per share, for a total transaction of $339,450.00. Following the acquisition, the director now owns 3,000 shares in the company, valued at approximately $339,450. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Rees sold 9,164 shares of the stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $140.02, for a total value of $1,283,143.28. Following the completion of the sale, the chief executive officer now owns 110,584 shares of the company’s stock, valued at approximately $15,483,971.68. The disclosure for this sale can be found here. Corporate insiders own 2.71% of the company’s stock.
About Crocs
Crocs, Inc engages in the design, development, manufacturing, worldwide marketing, sale, and distribution of casual footwear and accessories for men, women, and children. It operates through the following segments: North America, Asia Pacific, Europe, Middle East, Africa, and Latin America (EMEALA), and HEYDUDE Brand.