Cwm LLC Has $157,000 Stake in Crocs, Inc. (NASDAQ:CROX)

Cwm LLC raised its stake in Crocs, Inc. (NASDAQ:CROX) by 58.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,684 shares of the textile maker’s stock after acquiring an additional 621 shares during the period. Cwm LLC’s holdings in Crocs were worth $157,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Byrne Asset Management LLC lifted its position in shares of Crocs by 60.0% during the 4th quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock worth $30,000 after buying an additional 120 shares during the last quarter. Blue Trust Inc. increased its position in Crocs by 185.0% during the 4th quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock worth $32,000 after purchasing an additional 222 shares in the last quarter. Mendota Financial Group LLC increased its position in Crocs by 50.6% during the 4th quarter. Mendota Financial Group LLC now owns 810 shares of the textile maker’s stock worth $76,000 after purchasing an additional 272 shares in the last quarter. NBC Securities Inc. bought a new position in Crocs in the 3rd quarter valued at approximately $124,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Crocs in the third quarter valued at approximately $157,000. Institutional investors own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wedbush reissued an “outperform” rating and set a $154.00 price objective on shares of Crocs in a report on Friday. Williams Trading reiterated a “hold” rating and set a $125.00 price target (down from $135.00) on shares of Crocs in a report on Tuesday, April 16th. UBS Group lifted their price objective on shares of Crocs from $117.00 to $124.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. OTR Global raised Crocs from a “mixed” rating to a “positive” rating in a research note on Thursday, April 11th. Finally, B. Riley upped their price objective on shares of Crocs from $95.00 to $122.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and an average target price of $144.64.

Insider Activity

In related news, EVP Daniel P. Hart sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $118.48, for a total value of $1,184,800.00. Following the transaction, the executive vice president now directly owns 219,293 shares in the company, valued at $25,981,834.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Daniel P. Hart sold 10,000 shares of Crocs stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $118.48, for a total transaction of $1,184,800.00. Following the completion of the sale, the executive vice president now directly owns 219,293 shares of the company’s stock, valued at approximately $25,981,834.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michelle Poole sold 4,793 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $119.15, for a total transaction of $571,085.95. Following the transaction, the president now owns 64,912 shares in the company, valued at $7,734,264.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,867 shares of company stock worth $4,786,276. 2.69% of the stock is currently owned by insiders.

Crocs Stock Down 1.9 %

Crocs stock opened at $124.28 on Monday. Crocs, Inc. has a 1-year low of $74.00 and a 1-year high of $146.79. The firm has a 50 day simple moving average of $129.12 and a 200 day simple moving average of $109.00. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 9.70, a P/E/G ratio of 1.57 and a beta of 2.03.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, February 15th. The textile maker reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.20. The company had revenue of $960.10 million during the quarter, compared to analyst estimates of $958.39 million. Crocs had a net margin of 20.00% and a return on equity of 61.97%. Crocs’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $2.65 earnings per share. On average, analysts predict that Crocs, Inc. will post 12.44 earnings per share for the current year.

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.