GAMMA Investing LLC Makes New $78,000 Investment in Crocs, Inc. (NASDAQ:CROX)

GAMMA Investing LLC acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 770 shares of the textile maker’s stock, valued at approximately $78,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its stake in Crocs by 9.2% in the fourth quarter. New York State Common Retirement Fund now owns 220,634 shares of the textile maker’s stock worth $20,609,000 after purchasing an additional 18,516 shares in the last quarter. Telemus Capital LLC raised its stake in shares of Crocs by 23.5% in the fourth quarter. Telemus Capital LLC now owns 39,803 shares of the textile maker’s stock worth $3,718,000 after acquiring an additional 7,586 shares during the last quarter. Duality Advisers LP acquired a new position in shares of Crocs during the fourth quarter worth approximately $890,000. Handelsbanken Fonder AB grew its stake in shares of Crocs by 537.5% during the fourth quarter. Handelsbanken Fonder AB now owns 71,400 shares of the textile maker’s stock valued at $6,669,000 after purchasing an additional 60,200 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Crocs by 58.4% in the fourth quarter. CWM LLC now owns 1,684 shares of the textile maker’s stock valued at $157,000 after purchasing an additional 621 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Crocs news, Director Ian Bickley sold 16,785 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the sale, the director now directly owns 31,815 shares of the company’s stock, valued at $3,819,390.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Crocs news, President Michelle Poole sold 4,793 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was 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 of the company’s stock, valued at $7,734,264.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ian Bickley sold 16,785 shares of Crocs stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $120.05, for a total value of $2,015,039.25. Following the transaction, the director now owns 31,815 shares of the company’s stock, valued at $3,819,390.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,867 shares of company stock valued at $4,786,276. 2.69% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Stifel Nicolaus upped their price objective on Crocs from $132.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, February 16th. UBS Group lifted their price objective on Crocs from $117.00 to $124.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. KeyCorp upped their target price on shares of Crocs from $130.00 to $149.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Bank of America boosted their price target on shares of Crocs from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Finally, B. Riley raised their price objective on shares of Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a research note 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.55.

Crocs Stock Up 1.8 %

Shares of CROX stock opened at $127.69 on Tuesday. The firm’s fifty day moving average price is $128.48 and its two-hundred day moving average price is $108.06. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 1.13. Crocs, Inc. has a 1 year low of $74.00 and a 1 year high of $146.79. The firm has a market capitalization of $7.75 billion, a P/E ratio of 9.97, a PEG ratio of 1.58 and a beta of 2.01.

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