Vontobel Holding Ltd. increased its stake in Crocs, Inc. (NASDAQ:CROX – Free Report) by 1.8% during the 2nd quarter, Holdings Channel reports. The firm owned 7,216 shares of the textile maker’s stock after purchasing an additional 126 shares during the quarter. Vontobel Holding Ltd.’s holdings in Crocs were worth $731,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Costello Asset Management INC bought a new position in shares of Crocs in the 1st quarter worth $32,000. Larson Financial Group LLC increased its stake in Crocs by 541.8% in the first quarter. Larson Financial Group LLC now owns 353 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 298 shares during the last quarter. IMA Advisory Services Inc. bought a new position in Crocs in the first quarter valued at $40,000. Brooklyn Investment Group bought a new position in Crocs in the first quarter valued at $40,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Crocs during the 2nd quarter valued at about $48,000. 93.44% of the stock is currently owned by institutional investors.
Crocs Stock Performance
Crocs stock opened at $81.49 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.97 and a current ratio of 1.54. Crocs, Inc. has a fifty-two week low of $73.76 and a fifty-two week high of $144.23. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 1.77 and a beta of 1.43. The stock’s 50 day simple moving average is $83.14 and its two-hundred day simple moving average is $95.71.
Insider Activity
In other Crocs news, EVP Susan L. Healy acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were acquired at an average price of $76.56 per share, with a total value of $153,120.00. Following the completion of the purchase, the executive vice president directly owned 50,078 shares of the company’s stock, valued at approximately $3,833,971.68. The trade was a 4.16% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John B. Replogle acquired 3,261 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average cost of $76.69 per share, for a total transaction of $250,086.09. Following the purchase, the director directly owned 15,417 shares of the company’s stock, valued at $1,182,329.73. This represents a 26.83% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.72% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have commented on CROX. Weiss Ratings reiterated a “hold (c-)” rating on shares of Crocs in a research report on Wednesday, October 8th. KeyCorp reduced their target price on shares of Crocs from $120.00 to $95.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. UBS Group reduced their target price on shares of Crocs from $110.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, August 11th. Stifel Nicolaus reaffirmed a “hold” rating and set a $85.00 price objective (down from $127.00) on shares of Crocs in a research note on Friday, August 8th. Finally, The Goldman Sachs Group reduced their price target on Crocs from $88.00 to $87.00 and set a “sell” rating on the stock in a research report on Tuesday, July 22nd. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Crocs presently has a consensus rating of “Hold” and an average target price of $102.00.
Read Our Latest Analysis on Crocs
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.
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