Crocs, Inc. (NASDAQ:CROX) Shares Acquired by HUB Investment Partners LLC

HUB Investment Partners LLC lifted its position in shares of Crocs, Inc. (NASDAQ:CROX) by 17.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,879 shares of the textile maker’s stock after acquiring an additional 277 shares during the quarter. HUB Investment Partners LLC’s holdings in Crocs were worth $206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. grew its position in Crocs by 40.2% during the third quarter. Victory Capital Management Inc. now owns 20,907 shares of the textile maker’s stock worth $3,028,000 after buying an additional 5,995 shares during the period. Natixis Advisors LLC grew its position in Crocs by 17.1% during the third quarter. Natixis Advisors LLC now owns 12,221 shares of the textile maker’s stock worth $1,770,000 after buying an additional 1,783 shares during the period. Pathstone Holdings LLC grew its position in Crocs by 24.2% during the third quarter. Pathstone Holdings LLC now owns 12,797 shares of the textile maker’s stock worth $1,853,000 after buying an additional 2,491 shares during the period. Banque Cantonale Vaudoise grew its position in Crocs by 104.3% during the third quarter. Banque Cantonale Vaudoise now owns 1,583 shares of the textile maker’s stock worth $229,000 after buying an additional 808 shares during the period. Finally, Avior Wealth Management LLC grew its position in Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after buying an additional 208 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares of the company’s stock, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CROX. Robert W. Baird lowered their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Guggenheim lowered their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $129.00 price target on shares of Crocs in a report on Thursday, February 13th. UBS Group upped their price target on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Finally, Loop Capital raised shares of Crocs from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.53.

Crocs Stock Performance

Shares of CROX opened at $104.59 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 6.54, a PEG ratio of 1.80 and a beta of 1.84. The company’s 50 day simple moving average is $102.14 and its 200 day simple moving average is $113.66. Crocs, Inc. has a 1 year low of $88.25 and a 1 year high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts predict that Crocs, Inc. will post 13.2 EPS for the current year.

Crocs 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.