LSV Asset Management Has $34.33 Million Stock Position in Crocs, Inc. (NASDAQ:CROX)

LSV Asset Management raised its position in Crocs, Inc. (NASDAQ:CROX) by 15.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 313,413 shares of the textile maker’s stock after acquiring an additional 41,700 shares during the period. LSV Asset Management owned approximately 0.54% of Crocs worth $34,328,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of CROX. UMB Bank n.a. grew its position in Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 142 shares during the period. Allianz SE acquired a new position in shares of Crocs during the fourth quarter valued at about $53,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Crocs during the third quarter worth about $73,000. Jones Financial Companies Lllp raised its holdings in shares of Crocs by 38.3% in the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock worth $81,000 after acquiring an additional 206 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in Crocs in the 4th quarter valued at about $96,000. Institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of Crocs 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 completion of the transaction, the executive vice president now owns 29,299 shares of the company’s stock, valued at $3,215,565.25. This represents 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.

Crocs Trading Down 3.1 %

NASDAQ:CROX opened at $92.56 on Friday. The firm’s 50 day moving average is $101.91 and its 200 day moving average is $109.90. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $165.32. The stock has a market capitalization of $5.19 billion, a PE ratio of 5.79, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Sell-side analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Loop Capital increased their price target on Crocs from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, April 1st. KeyCorp dropped their price objective on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Guggenheim lowered their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, Stifel Nicolaus cut their price target on shares of Crocs from $138.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $140.00.

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.