MH & Associates Securities Management Corp ADV bought a new position in Crocs, Inc. (NASDAQ:CROX – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,298 shares of the textile maker’s stock, valued at approximately $1,736,000.
Several other institutional investors and hedge funds have also modified their holdings of CROX. Parallel Advisors LLC boosted its stake in shares of Crocs by 60.2% during the 3rd quarter. Parallel Advisors LLC now owns 495 shares of the textile maker’s stock worth $41,000 after acquiring an additional 186 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Crocs during the 3rd quarter worth $48,000. IMA Advisory Services Inc. boosted its stake in shares of Crocs by 72.7% during the 3rd quarter. IMA Advisory Services Inc. now owns 646 shares of the textile maker’s stock worth $54,000 after acquiring an additional 272 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Crocs by 597.3% during the 3rd quarter. National Bank of Canada FI now owns 774 shares of the textile maker’s stock worth $65,000 after acquiring an additional 663 shares during the last quarter. Finally, Ameriflex Group Inc. boosted its stake in shares of Crocs by 292.0% during the 3rd quarter. Ameriflex Group Inc. now owns 784 shares of the textile maker’s stock worth $66,000 after acquiring an additional 584 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.
Crocs Stock Up 7.3%
CROX opened at $97.08 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.74 and a current ratio of 1.27. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $122.84. The firm’s fifty day moving average is $86.33 and its 200 day moving average is $84.64. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of -77.05, a price-to-earnings-growth ratio of 0.97 and a beta of 1.54.
Insider Buying and Selling at Crocs
In related news, EVP Anne Mehlman sold 12,145 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $100.06, for a total value of $1,215,228.70. Following the transaction, the executive vice president directly owned 131,112 shares of the company’s stock, valued at approximately $13,119,066.72. The trade was a 8.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.00% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on CROX shares. KeyCorp reiterated a “sector weight” rating on shares of Crocs in a research note on Thursday, January 22nd. Weiss Ratings cut Crocs from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 23rd. The Goldman Sachs Group lifted their price objective on Crocs from $71.00 to $81.00 and gave the company a “sell” rating in a research report on Friday, February 13th. UBS Group lifted their price objective on Crocs from $85.00 to $97.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Finally, Stifel Nicolaus lifted their price objective on Crocs from $90.00 to $99.00 and gave the company a “hold” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $101.45.
Get Our Latest Analysis on CROX
Crocs Company Profile
Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.
Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.
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