Whipplewood Advisors LLC Invests $96,000 in Crocs, Inc. (NASDAQ:CROX)

Whipplewood Advisors LLC bought a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 880 shares of the textile maker’s stock, valued at approximately $96,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clear Harbor Asset Management LLC lifted its holdings in Crocs by 3.3% in the 4th quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker’s stock worth $341,000 after buying an additional 100 shares in the last quarter. Covestor Ltd lifted its holdings in Crocs by 10.3% in the 3rd quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock worth $178,000 after buying an additional 114 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in Crocs by 1.8% in the 4th quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker’s stock worth $726,000 after buying an additional 117 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in Crocs by 9.9% in the 4th quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker’s stock worth $157,000 after buying an additional 129 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after buying an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Price Performance

CROX opened at $99.57 on Friday. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 6.23, a price-to-earnings-growth ratio of 1.80 and a beta of 1.93. Crocs, Inc. has a fifty-two week low of $88.25 and a fifty-two week high of $165.32. The company’s 50-day moving average price is $104.78 and its 200 day moving average price is $117.83. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. As a group, sell-side analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Guggenheim cut their price objective on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Robert W. Baird cut their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. UBS Group upped their target price on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and cut their target price for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.53.

Insiders Place Their Bets

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of the transaction, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the completion of the transaction, the executive vice president now owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is owned by insiders.

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.