Sherbrooke Park Advisers LLC Increases Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Sherbrooke Park Advisers LLC grew its position in Crocs, Inc. (NASDAQ:CROX) by 104.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,634 shares of the textile maker’s stock after buying an additional 2,365 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Crocs were worth $508,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CROX. UMB Bank n.a. boosted its stake 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 valued at $49,000 after acquiring an additional 142 shares during the last quarter. Allianz SE acquired a new stake in Crocs in the 4th quarter worth about $53,000. TD Waterhouse Canada Inc. boosted its stake in Crocs by 425.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker’s stock worth $74,000 after buying an additional 549 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in 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 buying an additional 206 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in Crocs in the 4th quarter worth about $96,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Trading Up 0.2%

NASDAQ:CROX opened at $117.55 on Friday. Crocs, Inc. has a 12-month low of $86.11 and a 12-month high of $165.32. The firm has a market capitalization of $6.59 billion, a P/E ratio of 7.35, a P/E/G 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. The business has a 50 day simple moving average of $101.60 and a 200 day simple moving average of $103.79.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.49. Crocs had a return on equity of 46.27% and a net margin of 23.16%. The business had revenue of $937.33 million during the quarter, compared to analyst estimates of $907.07 million. During the same quarter in the previous year, the firm posted $3.02 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts predict that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Activity at Crocs

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the transaction, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. The trade was a 13.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ian Bickley sold 3,044 shares of the business’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $115.89, for a total value of $352,769.16. Following the transaction, the director now owns 27,505 shares of the company’s stock, valued at $3,187,554.45. This trade represents a 9.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,703 shares of company stock worth $2,464,444 in the last 90 days. 2.72% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Stifel Nicolaus decreased their price target on Crocs from $138.00 to $127.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Piper Sandler cut their price objective on Crocs from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Robert W. Baird cut their price objective on Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Barclays cut their price objective on Crocs from $122.00 to $119.00 and set an “overweight” rating on the stock in a report on Friday, May 9th. Finally, KeyCorp cut their price objective on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $139.79.

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.