CMC Financial Group Buys Shares of 3,684 Crocs, Inc. (NASDAQ:CROX)

CMC Financial Group bought a new stake in shares of Crocs, Inc. (NASDAQ:CROX) during the 1st quarter, Holdings Channel.com reports. The fund bought 3,684 shares of the textile maker’s stock, valued at approximately $391,000. Crocs comprises approximately 0.9% of CMC Financial Group’s investment portfolio, making the stock its 15th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Crocs by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock valued at $599,959,000 after purchasing an additional 47,576 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Crocs by 42.0% during the 4th quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker’s stock valued at $8,450,000 after purchasing an additional 22,809 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Crocs by 129.8% during 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 purchasing an additional 12,245 shares during the last quarter. Impax Asset Management Group plc purchased a new position in Crocs in the 4th quarter worth $684,000. Finally, Oppenheimer & Co. Inc. raised its stake in Crocs by 39.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker’s stock worth $1,888,000 after acquiring an additional 4,862 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Stock Up 1.3%

Shares of CROX opened at $101.46 on Friday. 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. The stock’s 50 day moving average is $101.69 and its two-hundred day moving average is $104.23. The firm has a market cap of $5.69 billion, a P/E ratio of 6.35, a PEG ratio of 1.80 and a beta of 1.41.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CROX. Stifel Nicolaus reduced their target price on Crocs from $138.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Barclays reduced their target price on Crocs from $122.00 to $119.00 and set an “overweight” rating for the company in a research note on Friday, May 9th. Wall Street Zen lowered Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Needham & Company LLC raised their target price on Crocs from $118.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Finally, Robert W. Baird reduced 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. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Crocs has a consensus rating of “Moderate Buy” and a consensus target price of $139.79.

Insider Buying and Selling at Crocs

In other news, Director Ian Bickley sold 3,044 shares of Crocs stock in a transaction that occurred 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 sale, the director now directly owns 27,505 shares of the company’s stock, valued at $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.00% of the stock is owned by corporate insiders.

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.