Kovitz Investment Group Partners LLC Acquires 1,720 Shares of Crocs, Inc. (NASDAQ:CROX)

Kovitz Investment Group Partners LLC increased its holdings in Crocs, Inc. (NASDAQ:CROX) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,843 shares of the textile maker’s stock after purchasing an additional 1,720 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Crocs were worth $9,183,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Empire Financial Management Company LLC lifted its position in shares of Crocs by 12.6% in the fourth quarter. Empire Financial Management Company LLC now owns 7,409 shares of the textile maker’s stock worth $812,000 after buying an additional 829 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in Crocs by 31.0% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 40,822 shares of the textile maker’s stock worth $4,495,000 after purchasing an additional 9,660 shares during the last quarter. Evercore Wealth Management LLC boosted its position in Crocs by 9.0% during the fourth quarter. Evercore Wealth Management LLC now owns 739,109 shares of the textile maker’s stock worth $80,955,000 after purchasing an additional 60,730 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in Crocs by 49.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker’s stock valued at $143,309,000 after purchasing an additional 429,994 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of Crocs by 167.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 490,544 shares of the textile maker’s stock valued at $53,730,000 after purchasing an additional 307,185 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $129.00 price objective on shares of Crocs in a report on Thursday, February 13th. UBS Group raised their price target on Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Bank of America boosted their price objective on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. KeyCorp lowered their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, Piper Sandler cut their price target on Crocs from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Three equities 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

Insider Activity

In other news, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the sale, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. The trade was a 13.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the completion of the sale, the executive vice president now directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company’s stock.

Crocs Stock Down 1.1 %

CROX opened at $97.68 on Friday. The company has a market capitalization of $5.48 billion, a P/E ratio of 6.11, a P/E/G ratio of 1.80 and a beta of 1.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The firm’s fifty day moving average price is $100.66 and its two-hundred day moving average price is $106.57. Crocs, Inc. has a fifty-two week low of $86.11 and a fifty-two week high of $165.32.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. On average, analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current 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.