Commerce Bank Takes $3.12 Million Position in Crocs, Inc. (NASDAQ:CROX)

Commerce Bank acquired a new stake in Crocs, Inc. (NASDAQ:CROX) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 21,570 shares of the textile maker’s stock, valued at approximately $3,124,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GHP Investment Advisors Inc. increased its position in Crocs by 375.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 228 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 180 shares during the period. Financial Management Professionals Inc. raised its position in Crocs by 11,200.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after purchasing an additional 224 shares during the last quarter. UMB Bank n.a. raised its position in Crocs by 64.9% during the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after purchasing an additional 120 shares during the last quarter. V Square Quantitative Management LLC grew its position in shares of Crocs by 83.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after buying an additional 142 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in shares of Crocs by 109.5% in the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after buying an additional 208 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CROX has been the topic of a number of recent analyst reports. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Monness Crespi & Hardt reduced their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Guggenheim decreased their price objective on shares of Crocs from $182.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Wedbush reaffirmed an “outperform” rating and set a $170.00 price target on shares of Crocs in a research report on Monday, July 29th. Finally, Needham & Company LLC began coverage on Crocs in a research report on Friday. They issued a “buy” rating and a $116.00 price objective for the company. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.80.

Insider Transactions at Crocs

In related news, CFO Susan L. Healy bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the acquisition, the chief financial officer now owns 22,652 shares of the company’s stock, valued at $2,258,404.40. This trade represents a 4.62 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John B. Replogle purchased 2,240 shares of the stock in a transaction dated Wednesday, October 30th. The shares were purchased at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the acquisition, the director now directly owns 9,304 shares in the company, valued at approximately $1,047,630.40. This trade represents a 31.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

Crocs Stock Up 4.2 %

Shares of NASDAQ:CROX opened at $106.08 on Friday. The firm has a market capitalization of $6.18 billion, a P/E ratio of 7.69, a P/E/G ratio of 0.99 and a beta of 2.01. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. The stock has a 50 day moving average price of $125.11 and a 200-day moving average price of $135.74. Crocs, Inc. has a 52-week low of $85.71 and a 52-week high of $165.32.

Crocs (NASDAQ:CROX) last released its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.50. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the business earned $3.25 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that Crocs, Inc. will post 12.93 EPS for the current fiscal 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.