Lazard Asset Management LLC Has $5.51 Million Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Lazard Asset Management LLC lowered its stake in Crocs, Inc. (NASDAQ:CROX) by 35.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 50,353 shares of the textile maker’s stock after selling 27,657 shares during the period. Lazard Asset Management LLC owned approximately 0.09% of Crocs worth $5,514,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CROX. UMB Bank n.a. grew its position in shares of Crocs by 46.6% during the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after purchasing an additional 142 shares in the last quarter. Allianz SE bought a new position in shares of Crocs during the fourth quarter valued at $53,000. TD Waterhouse Canada Inc. raised its stake in shares of Crocs by 425.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker’s stock valued at $74,000 after acquiring an additional 549 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Crocs by 38.3% during the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock valued at $81,000 after acquiring an additional 206 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Crocs during the fourth quarter worth $96,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Price Performance

CROX stock opened at $117.27 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. Crocs, Inc. has a one year low of $86.11 and a one year high of $165.32. The stock has a market cap of $6.57 billion, a PE ratio of 7.33, a P/E/G ratio of 1.80 and a beta of 1.46. The firm has a 50 day simple moving average of $101.21 and a two-hundred day simple moving average of $103.79.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.49. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The business had revenue of $937.33 million during the quarter, compared to analysts’ expectations of $907.07 million. During the same quarter in the previous year, the company earned $3.02 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, analysts predict that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Insider Activity

In related news, EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the sale, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. This represents a 13.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ian Bickley sold 3,044 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $115.89, for a total transaction of $352,769.16. Following the completion of the transaction, the director now owns 27,505 shares of the company’s stock, valued at $3,187,554.45. This trade represents a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,703 shares of company stock valued at $2,464,444. Corporate insiders own 2.72% of the company’s stock.

Wall Street Analyst Weigh In

CROX has been the subject of a number of research reports. Loop Capital raised their price target on shares of Crocs from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, April 1st. KeyCorp dropped their price target on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Barclays lowered their price objective on shares of Crocs from $122.00 to $119.00 and set an “overweight” rating on the stock in a research report on Friday, May 9th. Piper Sandler lowered their price objective on shares of Crocs from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Finally, Robert W. Baird reduced their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $139.79.

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.