X Square Capital LLC Makes New $404,000 Investment in Crocs, Inc. (NASDAQ:CROX)

X Square Capital LLC bought a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,685 shares of the textile maker’s stock, valued at approximately $404,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new stake in Crocs during the 4th quarter worth approximately $1,526,000. Norges Bank bought a new stake in Crocs in the 4th quarter valued at $62,221,000. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in Crocs by 10.8% in the 4th quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 7,961 shares of the textile maker’s stock worth $872,000 after purchasing an additional 775 shares during the period. Amica Mutual Insurance Co. bought a new position in Crocs during the 4th quarter worth about $333,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Crocs by 27.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,597 shares of the textile maker’s stock valued at $2,037,000 after purchasing an additional 3,985 shares during the period. Institutional investors own 93.44% of the company’s stock.

Insiders Place Their Bets

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. This trade represents a 14.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was 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 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 position. The disclosure for this sale can be found here. Company insiders own 2.72% of the company’s stock.

Crocs Trading Up 1.0 %

NASDAQ CROX opened at $110.59 on Friday. The business’s fifty day moving average is $102.66 and its 200-day moving average is $113.14. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. Crocs, Inc. has a one year low of $88.25 and a one year high of $165.32. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 1.80 and a beta of 1.84.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Equities research analysts predict that Crocs, Inc. will post 13.2 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CROX. UBS Group raised their price target on shares of Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Bank of America raised their price objective on Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a report on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $129.00 price target on shares of Crocs in a research report on Thursday, February 13th. Finally, Guggenheim cut their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.