Townsquare Capital LLC Makes New $238,000 Investment in Crocs, Inc. (NASDAQ:CROX)

Townsquare Capital LLC purchased a new stake in shares of Crocs, Inc. (NASDAQ:CROX) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 2,176 shares of the textile maker’s stock, valued at approximately $238,000.

Several other large investors have also added to or reduced their stakes in the stock. UMB Bank n.a. grew its holdings in shares of 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 in the last quarter. Allianz SE purchased a new position in shares of Crocs during the fourth quarter valued at approximately $53,000. Wilmington Savings Fund Society FSB bought a new position in Crocs in the third quarter worth about $73,000. Jones Financial Companies Lllp increased its stake in shares of 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 in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in Crocs in the fourth quarter worth $96,000. Institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling at Crocs

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 89,323 shares in the company, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Shannon Sisler sold 4,659 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the sale, the executive vice president now owns 29,299 shares in the company, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CROX has been the topic of several research analyst reports. Loop Capital upped their target price on shares of Crocs from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, April 1st. UBS Group upped their target price on shares of Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Robert W. Baird dropped their price objective on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. KeyCorp reduced their price target on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, Piper Sandler decreased their target price on Crocs from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Crocs currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.

Crocs Trading Up 4.6 %

NASDAQ CROX opened at $93.59 on Wednesday. The stock has a market cap of $5.25 billion, a P/E ratio of 5.85, a P/E/G ratio of 1.80 and a beta of 1.62. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. Crocs, Inc. has a 12-month low of $86.11 and a 12-month high of $165.32. The company has a fifty day simple moving average of $101.30 and a two-hundred day simple moving average of $107.37.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. On average, analysts forecast that Crocs, Inc. will post 13.2 earnings per share 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.