IQ EQ FUND MANAGEMENT IRELAND Ltd Raises Position in Crocs, Inc. (NASDAQ:CROX)

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of Crocs, Inc. (NASDAQ:CROX) by 10.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,961 shares of the textile maker’s stock after purchasing an additional 775 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Crocs were worth $872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of CROX. Clear Harbor Asset Management LLC lifted its position in shares of Crocs by 3.3% during the 4th quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker’s stock valued at $341,000 after buying an additional 100 shares during the last quarter. Valmark Advisers Inc. raised its stake in Crocs by 1.8% in the 4th quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker’s stock valued at $726,000 after acquiring an additional 117 shares during the period. Manchester Capital Management LLC lifted its holdings in Crocs by 9.9% during the fourth quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker’s stock valued at $157,000 after purchasing an additional 129 shares during the last quarter. UMB Bank n.a. boosted its position in Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after purchasing an additional 142 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of Crocs by 38.3% in the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock worth $81,000 after purchasing an additional 206 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Adam Michaels sold 15,000 shares of the business’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 completion of the sale, the executive vice president now directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction on Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares in the company, valued at $3,215,565.25. This represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Crocs Trading Up 1.0 %

Shares of NASDAQ CROX opened at $110.59 on Friday. Crocs, Inc. has a 1 year low of $88.25 and a 1 year high of $165.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The firm has a 50-day moving average of $102.66 and a 200 day moving average of $113.14. The stock has a market cap of $6.20 billion, a P/E ratio of 6.92, 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, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. As a group, sell-side analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on CROX shares. UBS Group upped their price target on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Loop Capital raised Crocs from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Wednesday, March 12th. KeyCorp decreased 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. Robert W. Baird cut their target price on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Finally, StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $143.53.

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.