Skandinaviska Enskilda Banken AB publ Invests $2.34 Million in Crocs, Inc. (NASDAQ:CROX)

Skandinaviska Enskilda Banken AB publ bought a new position in Crocs, Inc. (NASDAQ:CROX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,500 shares of the textile maker’s stock, valued at approximately $2,339,000.

Several other large investors have also made changes to their positions in the company. Clear Harbor Asset Management LLC grew its holdings in shares of Crocs by 3.3% in the 4th quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker’s stock worth $341,000 after purchasing an additional 100 shares during the last quarter. Valmark Advisers Inc. grew its holdings in Crocs by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker’s stock worth $726,000 after acquiring an additional 117 shares during the last quarter. Manchester Capital Management LLC grew its holdings in Crocs by 9.9% during the 4th quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker’s stock worth $157,000 after acquiring an additional 129 shares during the last quarter. UMB Bank n.a. grew its holdings in Crocs by 46.6% during 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 during the last quarter. Finally, KBC Group NV grew its holdings in Crocs by 11.9% during the 3rd quarter. KBC Group NV now owns 1,659 shares of the textile maker’s stock worth $240,000 after acquiring an additional 177 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Stock Performance

Shares of NASDAQ:CROX opened at $98.60 on Monday. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 6.17, a P/E/G ratio of 1.80 and a beta of 1.84. The firm’s 50 day simple moving average is $102.70 and its 200 day simple moving average is $114.84. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. Crocs, Inc. has a fifty-two week low of $88.25 and a fifty-two week high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly 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%. As a group, sell-side analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $129.00 price objective on shares of Crocs in a report on Thursday, February 13th. KeyCorp decreased their price objective on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Bank of America raised 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, Loop Capital raised shares of Crocs from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Wednesday, March 12th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Crocs currently has an average rating of “Moderate Buy” and an average target price of $143.53.

Insiders Place Their Bets

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 29,299 shares in the company, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Adam Michaels sold 15,000 shares of the firm’s 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 sale, the executive vice president now owns 89,323 shares in the company, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company’s stock.

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.