Banco Bilbao Vizcaya Argentaria S.A. Increases Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 31.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,822 shares of the textile maker's stock after purchasing an additional 9,660 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A. owned about 0.07% of Crocs worth $4,495,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Crocs by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock worth $599,959,000 after buying an additional 47,576 shares during the period. Empowered Funds LLC boosted its position 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 worth $8,450,000 after purchasing an additional 22,809 shares during the period. State of Alaska Department of Revenue increased its holdings in Crocs by 129.8% in the 4th quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker's stock valued at $2,373,000 after purchasing an additional 12,245 shares during the last quarter. Impax Asset Management Group plc acquired a new stake in Crocs in the 4th quarter valued at approximately $684,000. Finally, Oppenheimer & Co. Inc. raised its position in Crocs by 39.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker's stock valued at $1,888,000 after purchasing an additional 4,862 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Stock Performance

NASDAQ CROX traded down $0.13 on Tuesday, hitting $96.10. 1,341,618 shares of the company's stock were exchanged, compared to its average volume of 1,473,118. 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 fifty-two week low of $86.11 and a fifty-two week high of $165.32. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 6.01, a P/E/G ratio of 1.80 and a beta of 1.62. The firm's 50-day moving average price is $100.37 and its two-hundred day moving average price is $106.05.

Crocs (NASDAQ:CROX - Get Free Report) last released its earnings results on Thursday, February 13th. The textile maker reported $2.52 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%. On average, research analysts expect that Crocs, Inc. will post 13.2 EPS for the current year.

Analyst Ratings Changes

CROX has been the topic of several analyst reports. Guggenheim reduced their target price 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. Bank of America raised their price target on Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Piper Sandler dropped their price objective on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Loop Capital boosted their target price on Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Finally, UBS Group increased their price target 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. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Crocs currently has a consensus rating of "Moderate Buy" and an average target price of $140.00.

Insider Buying and Selling

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the firm's 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 29,299 shares in the company, valued at approximately $3,215,565.25. The trade was a 13.72 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by insiders.

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.