Lisanti Capital Growth LLC Invests $2.09 Million in Crocs, Inc. (NASDAQ:CROX)

Lisanti Capital Growth LLC acquired a new stake in Crocs, Inc. (NASDAQ:CROX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 22,390 shares of the textile maker’s stock, valued at approximately $2,091,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CROX. Byrne Asset Management LLC increased its stake in shares of Crocs by 60.0% in the fourth quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock worth $30,000 after purchasing an additional 120 shares during the period. Blue Trust Inc. increased its position in Crocs by 185.0% in the 4th quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock worth $32,000 after buying an additional 222 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Crocs during the fourth quarter worth approximately $56,000. GAMMA Investing LLC bought a new stake in shares of Crocs in the fourth quarter valued at approximately $78,000. Finally, Mendota Financial Group LLC grew its stake in shares of Crocs by 50.6% in the fourth quarter. Mendota Financial Group LLC now owns 810 shares of the textile maker’s stock worth $76,000 after acquiring an additional 272 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on CROX. Raymond James increased their price target on shares of Crocs from $120.00 to $145.00 and gave the company a “strong-buy” rating in a report on Friday, February 16th. B. Riley boosted their price target on Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Bank of America raised their price objective on Crocs from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Williams Trading restated a “hold” rating and set a $125.00 price objective (down from $135.00) on shares of Crocs in a research report on Tuesday, April 16th. Finally, Barclays started coverage on Crocs in a research report on Monday, April 1st. They issued an “overweight” rating and a $167.00 target price for the company. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Crocs currently has an average rating of “Moderate Buy” and a consensus target price of $144.64.

Insider Transactions at Crocs

In other news, Director John B. Replogle bought 1,972 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $126.75 per share, for a total transaction of $249,951.00. Following the completion of the acquisition, the director now owns 3,153 shares in the company, valued at approximately $399,642.75. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Daniel P. Hart sold 10,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $118.48, for a total transaction of $1,184,800.00. Following the completion of the sale, the executive vice president now directly owns 219,293 shares of the company’s stock, valued at approximately $25,981,834.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John B. Replogle bought 1,972 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were bought at an average price of $126.75 per share, for a total transaction of $249,951.00. Following the completion of the acquisition, the director now directly owns 3,153 shares in the company, valued at approximately $399,642.75. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 39,867 shares of company stock worth $4,786,276. 2.72% of the stock is currently owned by company insiders.

Crocs Trading Up 7.8 %

Shares of NASDAQ:CROX traded up $9.86 during trading on Tuesday, hitting $136.49. 5,330,991 shares of the company’s stock were exchanged, compared to its average volume of 1,425,499. The firm has a 50-day moving average price of $129.26 and a two-hundred day moving average price of $109.47. Crocs, Inc. has a 1-year low of $74.00 and a 1-year high of $146.79. The firm has a market cap of $8.28 billion, a P/E ratio of 11.12, a PEG ratio of 1.56 and a beta of 2.03. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 1.13.

Crocs (NASDAQ:CROX) last issued its earnings results on Tuesday, May 7th. The textile maker reported $3.02 EPS for the quarter, beating the consensus estimate of $2.22 by $0.80. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The company had revenue of $938.60 million during the quarter, compared to analysts’ expectations of $884.29 million. During the same quarter in the previous year, the company posted $2.61 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities analysts predict that Crocs, Inc. will post 12.44 earnings per share for the current year.

About Crocs

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.