Klingman & Associates LLC Increases Stock Position in Crocs, Inc. (NASDAQ:CROX)

Klingman & Associates LLC grew its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 0.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,115 shares of the textile maker’s stock after buying an additional 218 shares during the period. Klingman & Associates LLC’s holdings in Crocs were worth $3,298,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Clear Harbor Asset Management LLC lifted its holdings 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 acquiring an additional 100 shares in the last quarter. Covestor Ltd lifted its holdings in Crocs by 10.3% in the 3rd quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock worth $178,000 after buying an additional 114 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in Crocs by 1.8% in the 4th quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker’s stock worth $726,000 after buying an additional 117 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in Crocs by 9.9% in the 4th quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker’s stock worth $157,000 after buying an additional 129 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after buying an additional 142 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Price Performance

Shares of NASDAQ:CROX opened at $107.35 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. Crocs, Inc. has a fifty-two week low of $88.25 and a fifty-two week high of $165.32. The firm has a 50-day simple moving average of $105.60 and a 200 day simple moving average of $118.97. The company has a market cap of $6.26 billion, a PE ratio of 7.78, a P/E/G ratio of 1.67 and a beta of 1.93.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a net margin of 20.50% and a return on equity of 49.70%. On average, sell-side analysts anticipate that Crocs, Inc. will post 12.92 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CROX. Needham & Company LLC reiterated a “buy” rating and issued a $129.00 price objective on shares of Crocs in a report on Thursday, February 13th. Bank of America boosted their price objective on shares of Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Raymond James lowered shares of Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and cut their target price for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. Finally, Robert W. Baird cut their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Crocs presently has a consensus rating of “Moderate Buy” and an average price target of $142.87.

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.