Belpointe Asset Management LLC Trims Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Belpointe Asset Management LLC lessened its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 20.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,076 shares of the textile maker’s stock after selling 806 shares during the quarter. Belpointe Asset Management LLC’s holdings in Crocs were worth $337,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. UMB Bank n.a. increased its holdings in Crocs by 46.6% in 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 last quarter. Allianz SE acquired a new position in Crocs during the 4th quarter worth about $53,000. Wilmington Savings Fund Society FSB purchased a new position in Crocs during the 3rd quarter valued at about $73,000. Jones Financial Companies Lllp grew its position in Crocs by 38.3% in the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock valued at $81,000 after acquiring an additional 206 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in Crocs during the fourth quarter worth about $96,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Crocs

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the transaction, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This trade represents a 14.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of Crocs 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 completion of the transaction, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Crocs Stock Performance

Shares of Crocs stock opened at $88.67 on Thursday. The firm has a market capitalization of $4.97 billion, a P/E ratio of 5.55, a P/E/G ratio of 1.80 and a beta of 1.62. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. Crocs, Inc. has a 52 week low of $86.11 and a 52 week high of $165.32. The firm’s 50 day moving average is $101.58 and its two-hundred day moving average is $108.99.

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

Wall Street Analyst Weigh In

CROX has been the subject of several recent research reports. Loop Capital raised their price objective on shares of Crocs from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, April 1st. UBS Group boosted their price target on shares of Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Piper Sandler reduced their price objective on Crocs from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Bank of America boosted their target price on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Barclays reduced their price target on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

Crocs 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.