Amica Mutual Insurance Co. Makes New Investment in Crocs, Inc. (NASDAQ:CROX)

Amica Mutual Insurance Co. acquired a new stake in shares of Crocs, Inc. (NASDAQ:CROX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,037 shares of the textile maker’s stock, valued at approximately $333,000.

A number of other institutional investors also recently modified their holdings of CROX. UMB Bank n.a. increased its stake in Crocs by 46.6% during the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 142 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Crocs during the third quarter worth about $73,000. Jones Financial Companies Lllp raised its holdings in shares of Crocs by 38.3% in the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock worth $81,000 after acquiring an additional 206 shares during the last quarter. Whipplewood Advisors LLC bought a new position in Crocs in the 4th quarter valued at about $96,000. Finally, Quarry LP acquired a new position in Crocs during the 3rd quarter valued at about $104,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Trading Down 2.7 %

NASDAQ:CROX opened at $109.51 on Thursday. The firm’s 50 day moving average is $102.50 and its 200 day moving average is $113.16. Crocs, Inc. has a 12 month low of $88.25 and a 12 month high of $165.32. The stock has a market capitalization of $6.14 billion, a PE ratio of 6.85, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. 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 (NASDAQ:CROX) last issued its earnings results 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 return on equity of 46.27% and a net margin of 23.16%. Sell-side analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current year.

Insider Buying and Selling at Crocs

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CROX. Bank of America increased their price objective on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Robert W. Baird dropped their price objective on Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Guggenheim reduced their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $129.00 target price on shares of Crocs in a report on Thursday, February 13th. Finally, Barclays cut their price target on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $143.53.

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.