Crocs, Inc. (NASDAQ:CROX) Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 425.6% in the fourth quarter, Holdings Channel reports. The firm owned 678 shares of the textile maker’s stock after acquiring an additional 549 shares during the period. TD Waterhouse Canada Inc.’s holdings in Crocs were worth $74,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clear Harbor Asset Management LLC grew its stake in Crocs by 3.3% during the fourth quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker’s stock worth $341,000 after buying an additional 100 shares during the period. Valmark Advisers Inc. boosted its position in Crocs by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker’s stock worth $726,000 after purchasing an additional 117 shares during the period. Manchester Capital Management LLC increased 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 valued at $157,000 after purchasing an additional 129 shares in the last quarter. UMB Bank n.a. raised its position in Crocs by 46.6% in the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 142 shares during the period. Finally, Riverwater Partners LLC lifted its stake in shares of Crocs by 0.9% during the fourth quarter. Riverwater Partners LLC now owns 19,974 shares of the textile maker’s stock worth $2,188,000 after purchasing an additional 177 shares in the last quarter. Institutional investors and hedge funds 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 stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the sale, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the transaction, the executive vice president now directly owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CROX. Robert W. Baird lowered their target price on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Guggenheim reduced their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Stifel Nicolaus dropped their target price on Crocs from $138.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Needham & Company LLC reissued a “buy” rating and issued a $129.00 price target on shares of Crocs in a report on Thursday, February 13th. Finally, KeyCorp dropped 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 issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

Crocs Stock Performance

CROX stock opened at $97.68 on Monday. The firm has a market cap of $5.48 billion, a P/E ratio of 6.11, a P/E/G ratio of 1.80 and a beta of 1.62. The stock’s 50 day simple moving average is $100.66 and its 200 day simple moving average is $106.36. 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.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. As a group, equities research analysts predict that Crocs, Inc. will post 13.2 EPS 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.