14,732 Shares in Crocs, Inc. (NASDAQ:CROX) Purchased by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new stake in Crocs, Inc. (NASDAQ:CROX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,732 shares of the textile maker’s stock, valued at approximately $1,614,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. lifted its stake in Crocs by 46.6% in the fourth 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 last quarter. Allianz SE bought a new stake in shares of Crocs in the fourth quarter valued at $53,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Crocs during the 3rd quarter valued at $73,000. Jones Financial Companies Lllp increased its holdings in 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 purchased a new stake in Crocs in the 4th quarter worth about $96,000. 93.44% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction on 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 completion of the sale, the executive vice president now owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 29,299 shares in the company, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CROX shares. Robert W. Baird cut their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Barclays cut their price objective on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Friday, February 14th. KeyCorp lowered their target price on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Bank of America raised their price target on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Loop Capital lifted their price target on Crocs from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $144.53.

Crocs Price Performance

CROX stock opened at $109.14 on Wednesday. The firm has a 50 day simple moving average of $103.02 and a two-hundred day simple moving average of $112.52. The stock has a market cap of $6.12 billion, a PE ratio of 6.83, a P/E/G ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a one year low of $88.25 and a one 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.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. On average, analysts predict that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

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.