SG Americas Securities LLC Has $757,000 Position in Crocs, Inc. (NASDAQ:CROX)

SG Americas Securities LLC lifted its holdings in Crocs, Inc. (NASDAQ:CROX) by 605.8% during the 4th quarter, HoldingsChannel reports. The fund owned 6,910 shares of the textile maker’s stock after acquiring an additional 5,931 shares during the quarter. SG Americas Securities LLC’s holdings in Crocs were worth $757,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CROX. Financial Management Professionals Inc. lifted its holdings in shares of Crocs by 11,200.0% in the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after acquiring an additional 224 shares during the last quarter. UMB Bank n.a. increased its position in Crocs by 64.9% during the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 120 shares during the period. V Square Quantitative Management LLC grew its position in shares of Crocs by 83.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after buying an additional 142 shares during the period. Avior Wealth Management LLC grew its position in shares of Crocs by 109.5% during the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after buying an additional 208 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Crocs during the 3rd quarter worth approximately $73,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CROX has been the subject of several recent analyst reports. Robert W. Baird reduced their price objective on shares of Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Guggenheim reiterated a “buy” rating and issued a $155.00 target price on shares of Crocs in a report on Friday, December 6th. Needham & Company LLC began coverage on Crocs in a report on Friday, November 22nd. They issued a “buy” rating and a $116.00 target price on the stock. Barclays cut their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Finally, Monness Crespi & Hardt cut their target price on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Crocs currently has an average rating of “Moderate Buy” and an average price target of $146.80.

Insider Buying and Selling at Crocs

In other news, CFO Susan L. Healy acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was acquired at an average price of $99.70 per share, with a total value of $99,700.00. Following the completion of the purchase, the chief financial officer now directly owns 22,652 shares in the company, valued at approximately $2,258,404.40. This trade represents a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.72% of the company’s stock.

Crocs Trading Up 1.2 %

NASDAQ:CROX opened at $104.77 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 1.79 and a beta of 1.95. Crocs, Inc. has a one year low of $94.50 and a one year high of $165.32. The business has a fifty day moving average price of $108.03 and a 200-day moving average price of $122.21.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (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 business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business posted $3.25 EPS. Crocs’s revenue for the quarter was up 1.6% compared to the same quarter last year. Sell-side analysts forecast that Crocs, Inc. will post 12.93 EPS for the current year.

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.