Crocs, Inc. (NASDAQ:CROX) Shares Sold by Firestone Capital Management

Firestone Capital Management trimmed its holdings in Crocs, Inc. (NASDAQ:CROX) by 11.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,354 shares of the textile maker’s stock after selling 300 shares during the quarter. Firestone Capital Management’s holdings in Crocs were worth $220,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CROX. Byrne Asset Management LLC raised its position in shares of Crocs by 60.0% in the fourth quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock valued at $30,000 after buying an additional 120 shares during the last quarter. Blue Trust Inc. increased its position in Crocs by 185.0% during the fourth quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock worth $32,000 after purchasing an additional 222 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Crocs during the fourth quarter worth about $56,000. Mendota Financial Group LLC increased its position in Crocs by 50.6% during the fourth quarter. Mendota Financial Group LLC now owns 810 shares of the textile maker’s stock worth $76,000 after purchasing an additional 272 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Crocs during the fourth quarter worth about $78,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. KeyCorp raised their price objective on shares of Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. UBS Group raised their price objective on shares of Crocs from $117.00 to $124.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Piper Sandler raised their price objective on shares of Crocs from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Stifel Nicolaus lifted their price target on shares of Crocs from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Barclays began coverage on shares of Crocs in a research report on Monday, April 1st. They set an “overweight” rating and a $167.00 price target for the company. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $141.55.

Insider Buying and Selling

In related news, Director Ian Bickley sold 16,785 shares of Crocs stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $120.05, for a total value of $2,015,039.25. Following the completion of the transaction, the director now owns 31,815 shares in the company, valued at $3,819,390.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Crocs news, Director Ian Bickley sold 16,785 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the sale, the director now owns 31,815 shares of the company’s stock, valued at $3,819,390.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John B. Replogle acquired 1,972 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $126.75 per share, for a total transaction of $249,951.00. Following the acquisition, the director now owns 3,153 shares of the company’s stock, valued at approximately $399,642.75. The disclosure for this purchase can be found here. Insiders sold 39,867 shares of company stock worth $4,786,276 over the last 90 days. 2.69% of the stock is owned by insiders.

Crocs Stock Down 2.6 %

Shares of NASDAQ CROX traded down $3.32 during midday trading on Tuesday, hitting $124.37. The company’s stock had a trading volume of 751,690 shares, compared to its average volume of 1,386,014. The business’s fifty day simple moving average is $128.48 and its two-hundred day simple moving average is $108.06. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 0.75. Crocs, Inc. has a 1 year low of $74.00 and a 1 year high of $146.79. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 1.58 and a beta of 2.01.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, February 15th. The textile maker reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.20. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The company had revenue of $960.10 million during the quarter, compared to the consensus estimate of $958.39 million. During the same quarter in the previous year, the firm earned $2.65 earnings per share. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities analysts predict that Crocs, Inc. will post 12.44 EPS for the current year.

About Crocs

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.