Pier Capital LLC Increases Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Pier Capital LLC boosted its stake in Crocs, Inc. (NASDAQ:CROX) by 1.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 63,924 shares of the textile maker’s stock after buying an additional 953 shares during the quarter. Pier Capital LLC’s holdings in Crocs were worth $7,002,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CROX. UMB Bank n.a. grew its stake in shares of Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after acquiring an additional 142 shares in the last quarter. Avior Wealth Management LLC increased its stake in Crocs by 109.5% in the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after buying an additional 208 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Crocs in the 3rd quarter valued at about $73,000. Jones Financial Companies Lllp lifted its position in shares of Crocs by 38.3% during the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock worth $81,000 after buying an additional 206 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in shares of Crocs in the 4th quarter worth approximately $96,000. 93.44% of the stock is currently owned by institutional investors.

Crocs Stock Up 6.1 %

Shares of NASDAQ CROX opened at $110.92 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The company has a market cap of $6.22 billion, a P/E ratio of 6.94, a P/E/G ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a 52 week low of $88.25 and a 52 week high of $165.32. The business has a 50-day simple moving average of $102.24 and a two-hundred day simple moving average of $113.31.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating 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 anticipate that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the completion of the sale, the executive vice president now owns 89,323 shares in the company, valued at approximately $9,529,870.87. This trade represents a 14.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was 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 trade represents a 13.72 % 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.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CROX shares. UBS Group lifted their price target on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. KeyCorp lowered their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Barclays decreased their price objective on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Bank of America boosted their target price on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.53.

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.