Kirr Marbach & Co. LLC IN Sells 2,586 Shares of Crocs, Inc. (NASDAQ:CROX)

Kirr Marbach & Co. LLC IN cut its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 9.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,879 shares of the textile maker’s stock after selling 2,586 shares during the quarter. Kirr Marbach & Co. LLC IN’s holdings in Crocs were worth $2,725,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CROX. Pacer Advisors Inc. boosted its stake in Crocs by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after buying an additional 577,467 shares during the last quarter. FMR LLC raised its holdings in shares of Crocs by 4.8% during the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after acquiring an additional 406,287 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Crocs during the 3rd quarter valued at approximately $17,122,000. Motley Fool Wealth Management LLC purchased a new stake in Crocs during the third quarter valued at $9,097,000. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in Crocs by 34.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock valued at $20,227,000 after purchasing an additional 46,890 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Insider Activity at Crocs

In other news, CFO Susan L. Healy bought 1,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was bought at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the purchase, the chief financial officer now directly owns 22,652 shares in the company, valued at approximately $2,258,404.40. The trade was a 4.62 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.72% of the stock is owned by corporate insiders.

Crocs Price Performance

NASDAQ CROX opened at $103.56 on Wednesday. The company has a market cap of $6.04 billion, a PE ratio of 7.51, a P/E/G ratio of 1.79 and a beta of 1.95. The firm’s 50 day moving average price is $107.91 and its 200-day moving average price is $122.33. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. Crocs, Inc. has a 52-week low of $94.50 and a 52-week high of $165.32.

Crocs (NASDAQ:CROX) last announced its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.50. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.25 EPS. Sell-side analysts forecast that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Robert W. Baird decreased their target price on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. UBS Group decreased their price objective on Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Barclays cut their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Monness Crespi & Hardt lowered their price target on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Needham & Company LLC started coverage on shares of Crocs in a research report on Friday, November 22nd. They set a “buy” rating and a $116.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $146.80.

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.