Kirr Marbach & Co. LLC IN lifted its stake in shares of Crocs, Inc. (NASDAQ:CROX – Free Report) by 17.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,422 shares of the textile maker’s stock after acquiring an additional 8,491 shares during the quarter. Kirr Marbach & Co. LLC IN owned 0.11% of Crocs worth $4,767,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CROX. Step Capital Management Pte. Ltd. purchased a new position in shares of Crocs in the 4th quarter valued at about $1,710,000. Marshall Financial Group LLC purchased a new stake in shares of Crocs during the fourth quarter worth approximately $1,237,000. MH & Associates Securities Management Corp ADV acquired a new stake in Crocs in the fourth quarter valued at approximately $1,736,000. Brevan Howard Capital Management LP lifted its stake in Crocs by 41.6% in the third quarter. Brevan Howard Capital Management LP now owns 44,212 shares of the textile maker’s stock worth $3,694,000 after acquiring an additional 12,995 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in Crocs by 92.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,982 shares of the textile maker’s stock worth $2,564,000 after acquiring an additional 14,393 shares during the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.
Crocs Trading Down 2.1%
Shares of Crocs stock opened at $121.14 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $110.91 and a 200-day simple moving average of $95.35. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of -87.78, a PEG ratio of 1.28 and a beta of 1.57. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $129.79.
Insider Activity at Crocs
In other news, CEO Andrew Rees sold 32,688 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.09, for a total value of $3,860,125.92. Following the completion of the sale, the chief executive officer directly owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. The trade was a 4.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on CROX. Needham & Company LLC increased their price objective on shares of Crocs from $118.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Stifel Nicolaus boosted their target price on shares of Crocs from $105.00 to $125.00 and gave the stock a “hold” rating in a research note on Monday, June 15th. Scotiabank began coverage on Crocs in a report on Monday, June 8th. They issued an “outperform” rating on the stock. The Goldman Sachs Group cut Crocs from a “sell” rating to a “neutral” rating in a research note on Monday, June 8th. Finally, UBS Group raised Crocs from a “neutral” rating to a “buy” rating in a report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.00.
Get Our Latest Analysis on CROX
Crocs Company Profile
Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.
Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.
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