Exchange Traded Concepts LLC Grows Position in Crocs, Inc. (NASDAQ:CROX)

Exchange Traded Concepts LLC increased its position in Crocs, Inc. (NASDAQ:CROX) by 81.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,222 shares of the textile maker’s stock after buying an additional 11,734 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Crocs were worth $2,872,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CROX. Financial Management Professionals Inc. raised its stake in shares of Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 224 shares during the last quarter. UMB Bank n.a. increased its holdings in Crocs by 64.9% during the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 120 shares during the period. V Square Quantitative Management LLC raised its position in Crocs by 83.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 142 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in Crocs by 109.5% in the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after buying an additional 208 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Crocs in the 3rd quarter worth approximately $73,000. 93.44% of the stock is currently owned by institutional investors.

Insider Transactions at Crocs

In related news, CFO Susan L. Healy acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the transaction, the chief financial officer now directly owns 22,652 shares in the company, valued at approximately $2,258,404.40. This trade represents a 4.62 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John B. Replogle bought 2,240 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was bought at an average cost of $112.60 per share, with a total value of $252,224.00. Following the transaction, the director now owns 9,304 shares in the company, valued at $1,047,630.40. This trade represents a 31.71 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

Crocs Stock Performance

Shares of CROX stock opened at $103.59 on Friday. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 7.51, a price-to-earnings-growth ratio of 1.79 and a beta of 1.95. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. Crocs, Inc. has a one year low of $94.50 and a one year high of $165.32. The company’s 50-day moving average is $107.68 and its 200 day moving average is $122.99.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company posted $3.25 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Sell-side analysts expect that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

Analysts Set New Price Targets

CROX has been the subject of a number of research analyst reports. Monness Crespi & Hardt dropped their price target on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Barclays cut their target price on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Guggenheim reiterated a “buy” rating and set a $155.00 price target on shares of Crocs in a research report on Friday, December 6th. Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $150.00 to $110.00 in a report on Thursday, November 7th. Finally, StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a report on Saturday, January 11th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Crocs currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.80.

Crocs 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.