Crocs, Inc. (NASDAQ:CROX) Holdings Lowered by Profit Investment Management LLC

Profit Investment Management LLC decreased its position in shares of Crocs, Inc. (NASDAQ:CROX) by 0.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 26,184 shares of the textile maker’s stock after selling 174 shares during the period. Crocs makes up 2.3% of Profit Investment Management LLC’s holdings, making the stock its 10th largest holding. Profit Investment Management LLC’s holdings in Crocs were worth $2,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Davis Investment Partners LLC lifted its stake in Crocs by 0.8% in the 3rd quarter. Davis Investment Partners LLC now owns 9,673 shares of the textile maker’s stock valued at $1,362,000 after buying an additional 77 shares in the last quarter. Central Pacific Bank Trust Division lifted its stake in Crocs by 8.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,350 shares of the textile maker’s stock valued at $195,000 after buying an additional 100 shares in the last quarter. Covestor Ltd lifted its stake in Crocs by 10.3% in the 3rd quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock valued at $178,000 after buying an additional 114 shares in the last quarter. Clear Harbor Asset Management LLC lifted its stake in Crocs by 4.0% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 3,014 shares of the textile maker’s stock valued at $436,000 after buying an additional 115 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Crocs by 64.9% in the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after buying an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Transactions at Crocs

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Guggenheim reissued a “buy” rating and set a $155.00 price target on shares of Crocs in a research note on Friday, December 6th. Needham & Company LLC assumed coverage on Crocs in a research note on Friday, November 22nd. They set a “buy” rating and a $116.00 price target on the stock. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Barclays reduced their price target on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Finally, StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research note on Saturday, January 11th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $148.80.

Crocs Stock Down 1.2 %

Shares of NASDAQ CROX opened at $102.67 on Friday. The stock has a fifty day moving average price of $107.42 and a 200 day moving average price of $125.11. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The company has a market cap of $5.98 billion, a P/E ratio of 7.45, a P/E/G ratio of 1.90 and a beta of 1.95. Crocs, Inc. has a 12-month low of $94.50 and a 12-month high of $165.32.

Crocs (NASDAQ:CROX) last announced its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm earned $3.25 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. Research analysts anticipate that Crocs, Inc. will post 12.92 EPS for the current fiscal year.

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.