Crocs, Inc. (NASDAQ:CROX) Shares Bought by Cynosure Group LLC

Cynosure Group LLC increased its stake in Crocs, Inc. (NASDAQ:CROX) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,736 shares of the textile maker’s stock after purchasing an additional 197 shares during the quarter. Cynosure Group LLC’s holdings in Crocs were worth $300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its stake in shares of Crocs by 1,516.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock worth $145,299,000 after acquiring an additional 1,244,480 shares during the period. Pacer Advisors Inc. lifted its position in Crocs by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after purchasing an additional 577,467 shares during the period. Norges Bank bought a new position in Crocs during the 4th quarter valued at $62,221,000. Alliancebernstein L.P. increased its position in shares of Crocs by 38.9% during the 4th quarter. Alliancebernstein L.P. now owns 966,769 shares of the textile maker’s stock valued at $105,890,000 after purchasing an additional 270,598 shares during the period. Finally, Motley Fool Wealth Management LLC bought a new stake in shares of Crocs in the 3rd quarter worth $9,097,000. Institutional investors own 93.44% of the company’s stock.

Insider Transactions at Crocs

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares in the company, valued at $3,215,565.25. The trade was a 13.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Adam Michaels sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the sale, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at $9,529,870.87. This trade 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 currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CROX shares. UBS Group lifted their target price on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Barclays reduced their price objective on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and set a $129.00 target price on shares of Crocs in a report on Thursday, February 13th. Finally, Robert W. Baird decreased their price target on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.53.

Crocs Trading Up 2.2 %

NASDAQ:CROX opened at $111.54 on Thursday. The stock’s 50-day moving average is $103.20 and its two-hundred day moving average is $112.52. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The stock has a market cap of $6.25 billion, a PE ratio of 6.98, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a fifty-two week low of $88.25 and a fifty-two week high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating 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%. As a group, equities research analysts forecast that Crocs, Inc. will post 13.2 earnings per share 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.