Bryce Point Capital LLC Buys Shares of 14,732 Crocs, Inc. (NASDAQ:CROX)

Bryce Point Capital LLC purchased a new stake in Crocs, Inc. (NASDAQ:CROX - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 14,732 shares of the textile maker's stock, valued at approximately $1,614,000.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Crocs by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock valued at $599,959,000 after purchasing an additional 47,576 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Crocs by 42.0% during the 4th quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker's stock valued at $8,450,000 after acquiring an additional 22,809 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Crocs by 129.8% during the 4th quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker's stock worth $2,373,000 after acquiring an additional 12,245 shares during the period. Motley Fool Wealth Management LLC acquired a new stake in shares of Crocs in the third quarter worth approximately $9,097,000. Finally, Cinctive Capital Management LP purchased a new stake in Crocs in the third quarter valued at approximately $4,123,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Crocs Stock Down 7.4 %

CROX stock traded down $7.44 during midday trading on Monday, hitting $93.21. 1,746,602 shares of the company's stock were exchanged, compared to its average volume of 1,778,110. The firm has a 50 day moving average price of $102.96 and a 200-day moving average price of $111.78. 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 $5.22 billion, a price-to-earnings ratio of 5.83, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74.

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Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. On average, analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Transactions at Crocs

In other Crocs news, 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 owns 89,323 shares of the company's stock, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of the business's stock in a transaction that occurred on 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 sale, 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 disclosure for this sale can be found here. Corporate insiders own 2.72% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CROX shares. KeyCorp decreased their price target on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Guggenheim lowered their price target on Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. UBS Group raised their price objective on Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. StockNews.com cut Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Loop Capital boosted their price objective on shares of Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Crocs has an average rating of "Moderate Buy" and a consensus target price of $144.53.

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.