Exchange Traded Concepts LLC Acquires 11,734 Shares of Crocs, Inc. (NASDAQ:CROX)

Exchange Traded Concepts LLC grew its holdings in Crocs, Inc. (NASDAQ:CROX) by 81.0% during the 4th quarter, Holdings Channel reports. The fund owned 26,222 shares of the textile maker’s stock after buying an additional 11,734 shares during the period. Exchange Traded Concepts LLC’s holdings in Crocs were worth $2,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Crossmark Global Holdings Inc. raised its holdings in Crocs by 55.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock worth $5,820,000 after purchasing an additional 14,387 shares during the period. Meeder Asset Management Inc. increased its position in Crocs by 585.5% in the third quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock worth $3,526,000 after buying an additional 20,797 shares in the last quarter. Catalyst Capital Advisors LLC raised its stake in shares of Crocs by 2,775.6% in the third quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock worth $1,145,000 after buying an additional 7,633 shares during the period. Aigen Investment Management LP purchased a new position in shares of Crocs during the 3rd quarter valued at about $2,024,000. Finally, International Assets Investment Management LLC bought a new position in shares of Crocs during the 3rd quarter valued at approximately $2,076,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Susan L. Healy bought 1,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the acquisition, the chief financial officer now owns 22,652 shares in the company, valued at $2,258,404.40. This trade represents a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John B. Replogle purchased 2,240 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the acquisition, the director now directly owns 9,304 shares in the company, valued at $1,047,630.40. This trade represents a 31.71 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by insiders.

Crocs Trading Down 1.4 %

CROX stock opened at $103.59 on Friday. The firm has a fifty day moving average price of $107.68 and a 200 day moving average price of $122.99. Crocs, Inc. has a fifty-two week low of $94.50 and a fifty-two week high of $165.32. The firm has a market cap of $6.04 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 1.79 and a beta of 1.95. 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 issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the company posted $3.25 EPS. Sell-side analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. KeyCorp lowered their price target on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday. UBS Group lowered their target price on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a report on Saturday, January 11th. Robert W. Baird lowered their price objective on Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Finally, Raymond James cut Crocs from an “outperform” rating to a “market perform” rating in a research 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. Based on data from MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and a consensus price target of $146.80.

About Crocs

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.