Compagnie Lombard Odier SCmA Buys New Position in Crocs, Inc. (NASDAQ:CROX)

Compagnie Lombard Odier SCmA bought a new stake in Crocs, Inc. (NASDAQ:CROX) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 550 shares of the textile maker’s stock, valued at approximately $58,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CROX. Allianz SE acquired a new stake in Crocs in the 4th quarter valued at approximately $53,000. Ameriflex Group Inc. bought a new position in Crocs in the fourth quarter valued at approximately $54,000. Parallel Advisors LLC grew its stake in Crocs by 26.5% in the first quarter. Parallel Advisors LLC now owns 630 shares of the textile maker’s stock valued at $67,000 after purchasing an additional 132 shares in the last quarter. UMB Bank n.a. grew its stake in Crocs by 43.6% in the first quarter. UMB Bank n.a. now owns 642 shares of the textile maker’s stock valued at $68,000 after purchasing an additional 195 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in Crocs in the first quarter valued at approximately $69,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

CROX has been the subject of a number of analyst reports. Wall Street Zen downgraded Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Needham & Company LLC raised their price target on Crocs from $118.00 to $129.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Bank of America raised their price target on Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Piper Sandler decreased their price target on Crocs from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Finally, Stifel Nicolaus decreased their price target on Crocs from $138.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Crocs has a consensus rating of “Moderate Buy” and a consensus price target of $139.79.

Crocs Stock Performance

CROX opened at $97.49 on Friday. The business has a fifty day simple moving average of $102.08 and a 200 day simple moving average of $104.19. The company has a market capitalization of $5.47 billion, a PE ratio of 6.10, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. Crocs, Inc. has a 1 year low of $86.11 and a 1 year high of $165.32. 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 (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.49. The firm had revenue of $937.33 million during the quarter, compared to analysts’ expectations of $907.07 million. Crocs had a return on equity of 46.27% and a net margin of 23.16%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.02 EPS. Research analysts expect that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Buying and Selling at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of Crocs stock in a transaction on Monday, May 12th. The stock was sold at an average price of $115.89, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

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.