Nordea Investment Management AB Acquires 1,816 Shares of Crocs, Inc. (NASDAQ:CROX)

Nordea Investment Management AB grew its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,753 shares of the textile maker’s stock after buying an additional 1,816 shares during the quarter. Nordea Investment Management AB owned 0.08% of Crocs worth $5,156,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Central Pacific Bank Trust Division grew its stake in Crocs by 32.6% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,790 shares of the textile maker’s stock worth $196,000 after purchasing an additional 440 shares in the last quarter. Franklin Resources Inc. boosted its position in Crocs by 31.1% during the 3rd quarter. Franklin Resources Inc. now owns 46,600 shares of the textile maker’s stock valued at $6,497,000 after acquiring an additional 11,056 shares in the last quarter. Tidal Investments LLC boosted its position in Crocs by 64.5% during the 3rd quarter. Tidal Investments LLC now owns 21,674 shares of the textile maker’s stock valued at $3,139,000 after acquiring an additional 8,498 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Crocs during the 3rd quarter valued at $73,000. Finally, World Investment Advisors LLC purchased a new stake in shares of Crocs during the 3rd quarter valued at $211,000. Institutional investors own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Robert W. Baird decreased their price objective on Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Loop Capital lowered Crocs from a “buy” rating to a “hold” rating and cut their price target for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. Monness Crespi & Hardt cut their price target on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Finally, StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a research note on Saturday. 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $148.80.

Crocs Trading Up 0.3 %

CROX opened at $110.04 on Friday. Crocs, Inc. has a one year low of $94.50 and a one year high of $165.32. The stock has a market capitalization of $6.41 billion, a PE ratio of 7.98, a P/E/G ratio of 1.14 and a beta of 1.95. The business’s 50 day moving average price is $107.34 and its 200 day moving average price is $126.47. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43.

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

Insiders Place Their Bets

In related news, CFO Susan L. Healy acquired 1,000 shares of Crocs stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the purchase, the chief financial officer now owns 22,652 shares in the company, valued at approximately $2,258,404.40. The trade was a 4.62 % 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 link. Also, Director John B. Replogle acquired 2,240 shares of Crocs stock in a transaction dated Wednesday, October 30th. The stock was bought at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the purchase, the director now owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. This represents a 31.71 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is owned by insiders.

Crocs 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.