Intech Investment Management LLC Buys 20,435 Shares of Crocs, Inc. (NASDAQ:CROX)

Intech Investment Management LLC lifted its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 194.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,944 shares of the textile maker's stock after buying an additional 20,435 shares during the quarter. Intech Investment Management LLC owned about 0.05% of Crocs worth $3,389,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CROX. Kennondale Capital Management LLC acquired a new position in Crocs during the fourth quarter worth $833,000. Gallacher Capital Management LLC boosted its stake in shares of Crocs by 12.7% during the 4th quarter. Gallacher Capital Management LLC now owns 4,166 shares of the textile maker's stock worth $456,000 after acquiring an additional 471 shares in the last quarter. Aurora Investment Counsel increased its holdings in shares of Crocs by 36.0% during the 4th quarter. Aurora Investment Counsel now owns 8,187 shares of the textile maker's stock valued at $897,000 after acquiring an additional 2,168 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Crocs by 28.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 16,004 shares of the textile maker's stock worth $1,753,000 after purchasing an additional 3,517 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in Crocs during the fourth quarter worth approximately $2,339,000. Institutional investors and hedge funds own 93.44% of the company's stock.

Crocs Price Performance

NASDAQ CROX traded up $6.33 on Monday, reaching $110.92. The company's stock had a trading volume of 1,909,567 shares, compared to its average volume of 1,359,721. Crocs, Inc. has a 52 week low of $88.25 and a 52 week high of $165.32. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The firm has a market cap of $6.22 billion, a PE ratio of 6.94, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. The business has a 50-day moving average price of $102.14 and a 200 day moving average price of $113.48.

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Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share 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 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CROX shares. Loop Capital upgraded shares of Crocs from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research note on Wednesday, March 12th. KeyCorp cut their target price on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Robert W. Baird lowered their price target on Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Barclays cut their price objective on Crocs from $125.00 to $122.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Finally, Bank of America increased their target price on Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $143.53.

Insider Buying and Selling at Crocs

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

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.