Crocs, Inc. (NASDAQ:CROX) Holdings Boosted by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 39.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,236 shares of the textile maker’s stock after purchasing an additional 4,862 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Crocs were worth $1,888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. UMB Bank n.a. boosted its stake in Crocs by 46.6% during the 4th 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. Avior Wealth Management LLC grew its holdings in Crocs by 109.5% in the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after buying an additional 208 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Crocs during the 3rd quarter valued at $73,000. Whipplewood Advisors LLC acquired a new position in Crocs during the 4th quarter worth $96,000. Finally, Quarry LP bought a new position in shares of Crocs in the third quarter worth $104,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Shannon Sisler sold 4,659 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was 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 owns 89,323 shares of the company’s stock, valued at $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CROX. Loop Capital downgraded shares of Crocs from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $150.00 to $110.00 in a report on Thursday, November 7th. Barclays decreased their price objective on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Robert W. Baird cut their target price on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $129.00 price target on shares of Crocs in a research note on Thursday, February 13th. Finally, StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $143.53.

Crocs Stock Performance

Shares of CROX opened at $100.38 on Tuesday. The company has a market capitalization of $5.63 billion, a PE ratio of 6.28, a PEG ratio of 1.80 and a beta of 1.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The company’s 50 day moving average price is $104.53 and its 200 day moving average price is $117.36. Crocs, Inc. has a 52 week low of $88.25 and a 52 week high of $165.32.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. Research analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

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.