Oppenheimer & Co. Inc. Buys 4,862 Shares of Crocs, Inc. (NASDAQ:CROX)

Oppenheimer & Co. Inc. grew its position in Crocs, Inc. (NASDAQ:CROX) by 39.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,236 shares of the textile maker’s stock after purchasing an additional 4,862 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Crocs were worth $1,888,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC lifted its position in shares of Crocs by 4.8% during the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after purchasing an additional 406,287 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Crocs by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after acquiring an additional 577,467 shares during the last quarter. State Street Corp increased its position in Crocs by 0.7% during the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock worth $262,467,000 after acquiring an additional 13,467 shares during the period. Rheos Capital Works Inc. raised its stake in Crocs by 30.6% during the 4th quarter. Rheos Capital Works Inc. now owns 192,200 shares of the textile maker’s stock valued at $21,052,000 after purchasing an additional 45,000 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its position in Crocs by 34.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock worth $20,227,000 after purchasing an additional 46,890 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Stock Up 0.8 %

Shares of CROX opened at $100.38 on Tuesday. The company has a market capitalization of $5.63 billion, a P/E ratio of 6.28, a PEG ratio of 1.80 and a beta of 1.93. Crocs, Inc. has a one year low of $88.25 and a one year high of $165.32. The business’s 50 day simple moving average is $104.53 and its 200-day simple moving average is $117.36. 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 (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. As a group, sell-side analysts predict that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Adam Michaels sold 15,000 shares of the firm’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 transaction of $1,600,350.00. Following the completion of the sale, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CROX shares. Guggenheim cut their price objective on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. UBS Group raised their price objective on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Needham & Company LLC restated a “buy” rating and set a $129.00 price objective on shares of Crocs in a research report on Thursday, February 13th. KeyCorp reduced their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Finally, Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and lowered their price target for the company from $150.00 to $110.00 in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.53.

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.