59,751 Shares in Crocs, Inc. (NASDAQ:CROX) Acquired by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP purchased a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 59,751 shares of the textile maker’s stock, valued at approximately $6,545,000. Hudson Bay Capital Management LP owned about 0.10% of Crocs at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CROX. Vanguard Group Inc. increased its position in shares of Crocs by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock worth $599,959,000 after purchasing an additional 47,576 shares in the last quarter. Empowered Funds LLC increased its position in Crocs by 42.0% in the 4th quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker’s stock valued at $8,450,000 after acquiring an additional 22,809 shares during the period. State of Alaska Department of Revenue increased its position in Crocs by 129.8% in the 4th quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker’s stock valued at $2,373,000 after acquiring an additional 12,245 shares during the period. Impax Asset Management Group plc acquired a new position in Crocs in the 4th quarter valued at about $684,000. Finally, Oppenheimer & Co. Inc. increased its position in Crocs by 39.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker’s stock valued at $1,888,000 after acquiring an additional 4,862 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Crocs

In related news, EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was 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 of the company’s stock, valued at approximately $3,215,565.25. This represents a 13.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction that occurred 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 directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. The trade was a 14.38% decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Crocs Price Performance

Shares of NASDAQ:CROX opened at $109.77 on Monday. The business’s 50 day simple moving average is $99.83 and its 200-day simple moving average is $103.82. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 6.86, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46. 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, Inc. has a 12 month low of $86.11 and a 12 month high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate of $2.51 by $0.49. The business had revenue of $937.33 million for the quarter, compared to analyst estimates of $907.07 million. Crocs had a return on equity of 46.27% and a net margin of 23.16%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.02 EPS. As a group, equities analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CROX. Loop Capital boosted their price target on Crocs from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, April 1st. KeyCorp dropped their price target on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Guggenheim dropped their price target on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. UBS Group lifted their price objective on Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Finally, Needham & Company LLC lifted their price objective on Crocs from $118.00 to $129.00 and gave the company a “buy” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $139.79.

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.