Tyro Capital Management LLC Purchases 14,398 Shares of Crocs, Inc. (NASDAQ:CROX)

Tyro Capital Management LLC boosted its position in shares of Crocs, Inc. (NASDAQ:CROX) by 20.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 85,913 shares of the textile maker’s stock after purchasing an additional 14,398 shares during the period. Crocs comprises about 3.1% of Tyro Capital Management LLC’s investment portfolio, making the stock its 11th biggest position. Tyro Capital Management LLC owned 0.15% of Crocs worth $9,410,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in Crocs by 46.6% during the fourth 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. Allianz SE acquired a new position in Crocs during the fourth quarter valued at approximately $53,000. TD Waterhouse Canada Inc. grew its holdings in 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 purchasing an additional 549 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Crocs by 38.3% in the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock valued at $81,000 after buying an additional 206 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in shares of Crocs in the fourth quarter valued at approximately $96,000. 93.44% of the stock is owned by institutional investors.

Insider Activity at Crocs

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were 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 of the company’s stock, valued at approximately $9,529,870.87. This represents a 14.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ian Bickley sold 3,044 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were 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 directly owns 27,505 shares of the company’s stock, valued at $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,703 shares of company stock worth $2,464,444 over the last three months. 2.72% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. UBS Group increased their target price on shares of Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Loop Capital increased their target price on shares of Crocs from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, April 1st. Barclays reduced their target price on shares of Crocs from $122.00 to $119.00 and set an “overweight” rating for the company in a report on Friday, May 9th. 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 report on Monday, February 10th. Finally, Guggenheim reduced their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $139.79.

Crocs Price Performance

NASDAQ:CROX opened at $117.55 on Friday. The business’s 50-day moving average is $101.60 and its 200 day moving average is $103.79. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $165.32. The company has a market capitalization of $6.59 billion, a P/E ratio of 7.35, a P/E/G ratio of 1.80 and a beta of 1.46. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74.

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