Crocs, Inc. (NASDAQ:CROX) Shares Acquired by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC lifted its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 104.2% during the fourth quarter, Holdings Channel reports. The firm owned 4,634 shares of the textile maker’s stock after purchasing an additional 2,365 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Crocs were worth $508,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Silvercrest Asset Management Group LLC raised its position in shares of Crocs by 13.8% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 225,446 shares of the textile maker’s stock worth $24,693,000 after purchasing an additional 27,285 shares during the period. Raiffeisen Bank International AG acquired a new position in Crocs during the fourth quarter valued at $16,074,000. Potrero Capital Research LLC acquired a new position in Crocs during the fourth quarter valued at $3,345,000. ProShare Advisors LLC raised its position in Crocs by 5.3% during the fourth quarter. ProShare Advisors LLC now owns 2,726 shares of the textile maker’s stock valued at $299,000 after buying an additional 137 shares during the period. Finally, Patient Capital Management LLC raised its position in Crocs by 16.9% during the fourth quarter. Patient Capital Management LLC now owns 445,227 shares of the textile maker’s stock valued at $48,766,000 after buying an additional 64,258 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Crocs

In other news, EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was 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 owns 29,299 shares in the company, valued at approximately $3,215,565.25. This represents a 13.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 value of $1,600,350.00. Following the sale, the executive vice president now owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This trade represents a 14.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,703 shares of company stock worth $2,464,444. 2.72% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CROX shares. Robert W. Baird dropped their price target on Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Needham & Company LLC upped their price target on Crocs from $118.00 to $129.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. KeyCorp dropped their price target on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Barclays dropped their price target on Crocs from $122.00 to $119.00 and set an “overweight” rating on the stock in a research report on Friday, May 9th. Finally, StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $139.79.

Crocs Stock Performance

CROX opened at $117.55 on Friday. The company has a market cap of $6.59 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46. The stock has a 50-day moving average of $101.60 and a 200-day moving average of $103.79. Crocs, Inc. has a 52-week low of $86.11 and a 52-week high of $165.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.49. The company had revenue of $937.33 million during the quarter, compared to the consensus estimate of $907.07 million. Crocs had a return on equity of 46.27% and a net margin of 23.16%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.02 EPS. As a group, equities research analysts forecast that Crocs, Inc. will post 13.2 earnings per share 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.