Manchester Capital Management LLC Raises Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Manchester Capital Management LLC increased its position in Crocs, Inc. (NASDAQ:CROX) by 9.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,437 shares of the textile maker’s stock after buying an additional 129 shares during the quarter. Manchester Capital Management LLC’s holdings in Crocs were worth $157,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Financial Management Professionals Inc. increased its position in Crocs by 11,200.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 224 shares during the period. V Square Quantitative Management LLC increased 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 period. UMB Bank n.a. increased its position in Crocs by 46.6% during the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 142 shares during the period. Avior Wealth Management LLC increased its position in Crocs by 109.5% during the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after purchasing an additional 208 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Crocs during the 3rd quarter valued at $73,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on CROX. Raymond James downgraded shares of Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Robert W. Baird dropped their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Needham & Company LLC restated a “buy” rating and set a $129.00 target price on shares of Crocs in a report on Thursday. Guggenheim dropped their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, Bank of America boosted 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. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Crocs currently has a consensus rating of “Moderate Buy” and an average target price of $142.87.

Crocs Price Performance

NASDAQ CROX opened at $108.43 on Friday. Crocs, Inc. has a 52 week low of $88.25 and a 52 week high of $165.32. The firm has a market capitalization of $6.32 billion, a P/E ratio of 7.86, a PEG ratio of 1.67 and a beta of 1.93. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average price of $105.73 and a 200-day moving average price of $119.35.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a net margin of 20.50% and a return on equity of 49.70%. Equities research analysts anticipate that Crocs, Inc. will post 12.92 earnings per share for the current year.

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.