Rheos Capital Works Inc. Has $21.05 Million Position in Crocs, Inc. (NASDAQ:CROX)

Rheos Capital Works Inc. grew its position in shares of Crocs, Inc. (NASDAQ:CROX) by 30.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 192,200 shares of the textile maker’s stock after buying an additional 45,000 shares during the period. Crocs makes up 1.2% of Rheos Capital Works Inc.’s holdings, making the stock its 29th biggest position. Rheos Capital Works Inc. owned 0.33% of Crocs worth $21,052,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CROX. FMR LLC increased its position in Crocs by 4.8% during the third quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after acquiring an additional 406,287 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Crocs by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after purchasing an additional 577,467 shares during the period. State Street Corp raised its position in shares of Crocs by 0.7% in the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock valued at $262,467,000 after buying an additional 13,467 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in Crocs by 34.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock worth $20,227,000 after buying an additional 46,890 shares in the last quarter. Finally, Townsend & Associates Inc increased its stake in Crocs by 1.5% during the 3rd quarter. Townsend & Associates Inc now owns 129,423 shares of the textile maker’s stock worth $18,742,000 after acquiring an additional 1,975 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Buying and Selling

In other news, CFO Susan L. Healy purchased 1,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were acquired at an average price of $99.70 per share, with a total value of $99,700.00. Following the completion of the transaction, the chief financial officer now owns 22,652 shares of the company’s stock, valued at $2,258,404.40. The trade was a 4.62 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.72% of the stock is owned by insiders.

Crocs Stock Down 4.6 %

Shares of NASDAQ:CROX opened at $102.07 on Monday. The business has a fifty day simple moving average of $108.05 and a 200 day simple moving average of $121.69. Crocs, Inc. has a 12-month low of $94.50 and a 12-month high of $165.32. The firm has a market cap of $5.95 billion, a P/E ratio of 7.40, a P/E/G ratio of 1.78 and a beta of 1.93. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CROX shares. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a research report on Saturday, January 11th. UBS Group reduced their price objective on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Guggenheim dropped their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Monday. Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and reduced their price target for the stock from $150.00 to $110.00 in a research report on Thursday, November 7th. Finally, Monness Crespi & Hardt lowered their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $146.47.

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.