158,000 Shares in Crocs, Inc. (NASDAQ:CROX) Purchased by Rheos Capital Works Inc.

Rheos Capital Works Inc. bought a new position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 158,000 shares of the textile maker's stock, valued at approximately $22,720,000. Crocs accounts for about 1.1% of Rheos Capital Works Inc.'s holdings, making the stock its 24th biggest holding. Rheos Capital Works Inc. owned 0.26% of Crocs as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. WIT Partners Advisory Pte. Ltd. purchased a new stake in shares of Crocs in the 4th quarter valued at $266,431,000. Coatue Management LLC increased its stake in Crocs by 836.7% during the 4th quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker's stock worth $96,190,000 after buying an additional 919,835 shares during the period. Norges Bank acquired a new stake in Crocs during the 4th quarter worth approximately $72,211,000. Pacer Advisors Inc. boosted its position in Crocs by 13.4% in the 4th quarter. Pacer Advisors Inc. now owns 771,305 shares of the textile maker's stock valued at $72,048,000 after buying an additional 91,318 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Crocs by 46.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 770,281 shares of the textile maker's stock worth $71,952,000 after acquiring an additional 245,240 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CROX. Bank of America lifted their target price on Crocs from $160.00 to $187.00 and gave the company a "buy" rating in a report on Thursday. Wedbush boosted their price objective on Crocs from $156.00 to $170.00 and gave the stock an "outperform" rating in a research report on Monday, May 13th. OTR Global raised shares of Crocs from a "mixed" rating to a "positive" rating in a report on Thursday, April 11th. B. Riley lifted their price target on shares of Crocs from $95.00 to $122.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 10th. Finally, KeyCorp raised their price objective on shares of Crocs from $130.00 to $149.00 and gave the company an "overweight" rating in a report on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $154.83.

Insider Activity

In other Crocs news, Director Thomas J. Smach sold 10,174 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $140.32, for a total transaction of $1,427,615.68. Following the completion of the sale, the director now directly owns 115,339 shares of the company's stock, valued at approximately $16,184,368.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Crocs news, Director Thomas J. Smach sold 10,174 shares of the company's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $140.32, for a total transaction of $1,427,615.68. Following the completion of the transaction, the director now owns 115,339 shares in the company, valued at approximately $16,184,368.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew Rees sold 10,000 shares of Crocs stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $160.15, for a total transaction of $1,601,500.00. Following the completion of the sale, the chief executive officer now directly owns 79,748 shares in the company, valued at approximately $12,771,642.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,178 shares of company stock valued at $4,597,445. Insiders own 2.72% of the company's stock.

Crocs Stock Performance

NASDAQ:CROX traded down $3.11 during mid-day trading on Friday, reaching $154.74. 1,765,382 shares of the stock were exchanged, compared to its average volume of 1,028,241. The company has a quick ratio of 1.14, a current ratio of 1.76 and a debt-to-equity ratio of 1.08. Crocs, Inc. has a 1 year low of $74.00 and a 1 year high of $165.32. The company has a 50 day simple moving average of $141.21 and a 200-day simple moving average of $123.50. The stock has a market capitalization of $9.39 billion, a P/E ratio of 11.98, a P/E/G ratio of 1.79 and a beta of 1.97.

Crocs (NASDAQ:CROX - Get Free Report) last announced its earnings results on Tuesday, May 7th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.25 by $0.77. The business had revenue of $938.60 million for the quarter, compared to analyst estimates of $884.29 million. Crocs had a net margin of 19.80% and a return on equity of 56.33%. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $2.61 earnings per share. Analysts anticipate that Crocs, Inc. will post 12.66 earnings per share for the current fiscal year.

About Crocs

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.

Want to see what other hedge funds are holding CROX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crocs, Inc. (NASDAQ:CROX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.