Walter Public Investments Inc. Purchases 10,335 Shares of Crocs, Inc. (NASDAQ:CROX)

Walter Public Investments Inc. increased its position in shares of Crocs, Inc. (NASDAQ:CROX) by 18.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,739 shares of the textile maker’s stock after purchasing an additional 10,335 shares during the quarter. Walter Public Investments Inc.’s holdings in Crocs were worth $7,310,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in Crocs during the fourth quarter worth about $96,000. Impax Asset Management Group plc acquired a new position in Crocs during the fourth quarter worth about $684,000. IFP Advisors Inc raised its stake in Crocs by 13.2% during the fourth quarter. IFP Advisors Inc now owns 4,062 shares of the textile maker’s stock worth $446,000 after acquiring an additional 474 shares in the last quarter. Townsend & Associates Inc raised its stake in Crocs by 3.3% during the fourth quarter. Townsend & Associates Inc now owns 133,650 shares of the textile maker’s stock worth $13,806,000 after acquiring an additional 4,227 shares in the last quarter. Finally, Olympiad Research LP acquired a new position in Crocs during the fourth quarter worth about $236,000. Institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Barclays lowered their target price on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $129.00 price objective on shares of Crocs in a research note on Thursday, February 13th. Loop Capital downgraded Crocs from a “buy” rating to a “hold” rating and lowered their price objective for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. UBS Group upped their price objective on Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Finally, Robert W. Baird lowered their price objective on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $143.53.

Insiders Place Their Bets

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction that occurred on 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.72% of the company’s stock.

Crocs Stock Performance

NASDAQ:CROX opened at $104.93 on Thursday. The company has a market capitalization of $5.88 billion, a PE ratio of 6.56, a P/E/G ratio of 1.80 and a beta of 1.93. The company has a 50 day simple moving average of $105.13 and a two-hundred day simple moving average of $118.17. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. Crocs, Inc. has a fifty-two week low of $88.25 and a fifty-two week high of $165.32.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates 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 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.