Crocs, Inc. (NASDAQ:CROX) Shares Purchased by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC lifted its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 20.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the textile maker’s stock after acquiring an additional 2,500 shares during the quarter. Crocs accounts for 1.9% of ABS Direct Equity Fund LLC’s portfolio, making the stock its 22nd largest holding. ABS Direct Equity Fund LLC’s holdings in Crocs were worth $1,643,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of CROX. Sei Investments Co. lifted its stake in Crocs by 21.0% during the second quarter. Sei Investments Co. now owns 22,034 shares of the textile maker’s stock valued at $3,216,000 after buying an additional 3,819 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in Crocs in the 2nd quarter worth approximately $243,000. Creative Planning grew its position in Crocs by 13.2% during the 2nd quarter. Creative Planning now owns 5,006 shares of the textile maker’s stock worth $731,000 after purchasing an additional 582 shares in the last quarter. NewEdge Advisors LLC raised its stake in Crocs by 14.8% during the 2nd quarter. NewEdge Advisors LLC now owns 13,868 shares of the textile maker’s stock valued at $2,024,000 after purchasing an additional 1,789 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of Crocs by 46.6% in the second quarter. Cetera Investment Advisers now owns 13,073 shares of the textile maker’s stock worth $1,908,000 after buying an additional 4,158 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Stock Down 1.1 %

Crocs stock opened at $102.42 on Tuesday. The company has a 50 day moving average of $107.79 and a 200-day moving average of $122.58. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. Crocs, Inc. has a twelve month low of $94.50 and a twelve month high of $165.32. The stock has a market capitalization of $5.97 billion, a PE ratio of 7.43, a price-to-earnings-growth ratio of 1.79 and a beta of 1.95.

Crocs (NASDAQ:CROX) last released its quarterly 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 firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the business posted $3.25 EPS. On average, equities research analysts anticipate that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Susan L. Healy purchased 1,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was purchased at an average price 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 $2,258,404.40. The trade was a 4.62 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John B. Replogle purchased 2,240 shares of the stock in a transaction on Wednesday, October 30th. The shares were acquired at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the transaction, the director now owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. The trade was a 31.71 % 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.

Wall Street Analyst Weigh In

Several research firms have weighed in on CROX. Robert W. Baird lowered their target price on Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Guggenheim reiterated a “buy” rating and issued a $155.00 price objective on shares of Crocs in a research note on Friday, December 6th. Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and decreased their target price for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a research note on Saturday, January 11th. Finally, Needham & Company LLC started coverage on Crocs in a research note on Friday, November 22nd. They issued a “buy” rating and a $116.00 target price on the stock. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $146.80.

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.