Kennondale Capital Management LLC Takes $833,000 Position in Crocs, Inc. (NASDAQ:CROX)

Kennondale Capital Management LLC bought a new stake in Crocs, Inc. (NASDAQ:CROX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,607 shares of the textile maker’s stock, valued at approximately $833,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clear Harbor Asset Management LLC lifted its position in Crocs by 3.3% during the fourth quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker’s stock worth $341,000 after buying an additional 100 shares in the last quarter. Valmark Advisers Inc. lifted its position in Crocs by 1.8% during the fourth quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker’s stock worth $726,000 after buying an additional 117 shares in the last quarter. Manchester Capital Management LLC lifted its position in Crocs by 9.9% during the fourth quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker’s stock worth $157,000 after buying an additional 129 shares in the last quarter. UMB Bank n.a. lifted its position in Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after buying an additional 142 shares in the last quarter. Finally, KBC Group NV lifted its position in Crocs by 11.9% during the third quarter. KBC Group NV now owns 1,659 shares of the textile maker’s stock worth $240,000 after buying an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Up 5.3 %

Crocs stock opened at $103.87 on Tuesday. Crocs, Inc. has a fifty-two week low of $88.25 and a fifty-two week high of $165.32. 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 has a market capitalization of $5.82 billion, a P/E ratio of 6.50, a PEG ratio of 1.80 and a beta of 1.84. The stock has a 50-day simple moving average of $102.53 and a 200-day simple moving average of $114.54.

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

Analysts Set New Price Targets

A number of brokerages recently commented on CROX. Bank of America lifted their price objective on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. KeyCorp cut their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Guggenheim cut their target price on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. UBS Group raised their target price on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Finally, 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 note on Monday, February 10th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.53.

Insider Activity

In related 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 position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 approximately $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. Company insiders own 2.72% of the company’s stock.

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.