Crocs, Inc. (NASDAQ:CROX) Shares Bought by Cynosure Group LLC

Cynosure Group LLC lifted its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,736 shares of the textile maker’s stock after acquiring an additional 197 shares during the quarter. Cynosure Group LLC’s holdings in Crocs were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CROX. Bryce Point Capital LLC acquired a new position in shares of Crocs during the fourth quarter worth about $1,614,000. Geode Capital Management LLC lifted its position in Crocs by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker’s stock worth $116,644,000 after acquiring an additional 15,037 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Crocs by 38.9% in the 4th quarter. Alliancebernstein L.P. now owns 966,769 shares of the textile maker’s stock worth $105,890,000 after acquiring an additional 270,598 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Crocs by 1,516.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock valued at $145,299,000 after acquiring an additional 1,244,480 shares in the last quarter. Finally, Allianz SE purchased a new stake in shares of Crocs during the fourth quarter valued at approximately $53,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on CROX shares. Loop Capital upped their target price on shares of Crocs from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday. KeyCorp lowered their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $129.00 price target on shares of Crocs in a research note on Thursday, February 13th. Guggenheim lowered their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Crocs presently has a consensus rating of “Moderate Buy” and an average target price of $144.53.

Crocs Stock Up 2.2 %

Shares of NASDAQ:CROX opened at $111.54 on Thursday. The company’s fifty day moving average is $103.20 and its two-hundred day moving average is $112.52. 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 1-year low of $88.25 and a 1-year high of $165.32. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 6.98, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84.

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

Insider Activity at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the sale, the executive vice president now owns 89,323 shares of the company’s stock, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the transaction, the executive vice president now directly owns 29,299 shares of the company’s stock, 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. 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.