LSV Asset Management Purchases 41,700 Shares of Crocs, Inc. (NASDAQ:CROX)

LSV Asset Management grew its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 15.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 313,413 shares of the textile maker's stock after acquiring an additional 41,700 shares during the period. LSV Asset Management owned about 0.54% of Crocs worth $34,328,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. lifted its holdings in Crocs by 46.6% in the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock valued at $49,000 after buying an additional 142 shares during the period. Allianz SE bought a new stake in Crocs in the fourth quarter worth approximately $53,000. Wilmington Savings Fund Society FSB bought a new position in shares of Crocs during the 3rd quarter worth approximately $73,000. Jones Financial Companies Lllp grew its position in shares of Crocs by 38.3% during the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock worth $81,000 after buying an additional 206 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in shares of Crocs during the 4th quarter valued at $96,000. Institutional investors own 93.44% of the company's stock.

Wall Street Analyst Weigh In

CROX has been the topic of a number of research analyst reports. Piper Sandler cut their price objective on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Bank of America boosted their price target on shares of Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Loop Capital raised their price target on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Robert W. Baird dropped their target price on Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Finally, StockNews.com lowered Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $140.00.

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Crocs Stock Performance

Crocs stock traded down $1.26 during trading on Wednesday, hitting $88.67. The stock had a trading volume of 1,345,434 shares, compared to its average volume of 1,453,122. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The stock's 50 day moving average is $101.68 and its two-hundred day moving average is $109.13. Crocs, Inc. has a 1 year low of $86.11 and a 1 year high of $165.32. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 5.55, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping 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%. As a group, analysts predict that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Activity at Crocs

In other news, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the transaction, the executive vice president now directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of the firm'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 owns 29,299 shares of the company's stock, valued at approximately $3,215,565.25. This represents 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 corporate 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.