Crossmark Global Holdings Inc. Purchases 5,727 Shares of Crocs, Inc. (NASDAQ:CROX)

Crossmark Global Holdings Inc. grew its position in shares of Crocs, Inc. (NASDAQ:CROX) by 14.2% in the fourth quarter, Holdings Channel reports. The fund owned 45,919 shares of the textile maker’s stock after buying an additional 5,727 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Crocs were worth $5,030,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Management Professionals Inc. lifted its position in Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 224 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Crocs by 64.9% in the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after acquiring an additional 120 shares during the last quarter. V Square Quantitative Management LLC grew its position in Crocs by 83.0% in the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after acquiring an additional 142 shares in the last quarter. Avior Wealth Management LLC increased its stake in Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after acquiring an additional 208 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Crocs during the third quarter valued at approximately $73,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Loop Capital downgraded Crocs from a “buy” rating to a “hold” rating and cut their target price for the company from $150.00 to $110.00 in a research report on Thursday, November 7th. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a research note on Saturday, January 11th. Barclays dropped their price target on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Monness Crespi & Hardt decreased their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Guggenheim restated a “buy” rating and set a $155.00 target price on shares of Crocs in a research report on Friday, December 6th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.80.

Crocs Stock Up 3.3 %

Shares of Crocs stock opened at $103.30 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 1.74 and a beta of 1.95. The firm’s 50-day moving average is $107.38 and its two-hundred day moving average is $123.69. Crocs, Inc. has a 1 year low of $94.50 and a 1 year high of $165.32.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.50. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. Crocs’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $3.25 earnings per share. As a group, research analysts expect that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

Insider Transactions at Crocs

In other news, Director John B. Replogle acquired 2,240 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were purchased at an average price of $112.60 per share, with a total value of $252,224.00. Following the transaction, the director now directly owns 9,304 shares in the company, valued at approximately $1,047,630.40. This represents a 31.71 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Susan L. Healy bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average cost of $99.70 per share, with a total value of $99,700.00. Following the transaction, the chief financial officer now directly owns 22,652 shares of the company’s stock, valued at $2,258,404.40. The trade was a 4.62 % increase in their ownership of the stock. The disclosure for this purchase 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.