Nordea Investment Management AB Grows Position in Crocs, Inc. (NASDAQ:CROX)

Nordea Investment Management AB increased its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 17.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 51,189 shares of the textile maker's stock after purchasing an additional 7,448 shares during the period. Nordea Investment Management AB owned about 0.08% of Crocs worth $7,292,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CROX. Riverwater Partners LLC boosted its stake in shares of Crocs by 1.0% during the 1st quarter. Riverwater Partners LLC now owns 10,725 shares of the textile maker's stock valued at $1,542,000 after buying an additional 104 shares during the period. Byrne Asset Management LLC lifted its stake in shares of Crocs by 60.0% in the 4th quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker's stock valued at $30,000 after purchasing an additional 120 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Crocs by 12.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,151 shares of the textile maker's stock valued at $108,000 after purchasing an additional 126 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Crocs by 3.2% in the 1st quarter. Fifth Third Bancorp now owns 4,060 shares of the textile maker's stock valued at $584,000 after purchasing an additional 127 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Crocs by 1.6% in the 4th quarter. Assetmark Inc. now owns 8,828 shares of the textile maker's stock valued at $825,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Insider Transactions at Crocs

In other news, EVP Shannon Sisler sold 1,404 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $149.96, for a total transaction of $210,543.84. Following the completion of the sale, the executive vice president now owns 37,103 shares of the company's stock, valued at $5,563,965.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Shannon Sisler sold 1,404 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $149.96, for a total transaction of $210,543.84. Following the completion of the sale, the executive vice president now owns 37,103 shares of the company's stock, valued at $5,563,965.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Rees sold 10,000 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $160.15, for a total transaction of $1,601,500.00. Following the sale, the chief executive officer now directly owns 79,748 shares of the company's stock, valued at approximately $12,771,642.20. The disclosure for this sale can be found here. Insiders sold 30,178 shares of company stock valued at $4,597,445 over the last quarter. Corporate insiders own 2.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Monness Crespi & Hardt lifted their target price on shares of Crocs from $140.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, May 8th. Stifel Nicolaus boosted their price objective on shares of Crocs from $140.00 to $158.00 and gave the stock a "buy" rating in a report on Wednesday, May 8th. Bank of America boosted their price objective on shares of Crocs from $160.00 to $187.00 and gave the stock a "buy" rating in a report on Thursday, June 20th. B. Riley boosted their price objective on shares of Crocs from $95.00 to $122.00 and gave the stock a "neutral" rating in a report on Wednesday, April 10th. Finally, OTR Global upgraded shares of Crocs from a "mixed" rating to a "positive" rating in a report on Thursday, April 11th. 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's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $154.83.

Crocs Trading Down 0.9 %

NASDAQ:CROX traded down $1.27 during trading hours on Tuesday, hitting $143.25. The stock had a trading volume of 835,895 shares, compared to its average volume of 1,339,007. Crocs, Inc. has a one year low of $74.00 and a one year high of $165.32. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.14 and a current ratio of 1.76. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 1.60 and a beta of 2.00. The business's 50 day moving average is $146.87 and its 200-day moving average is $127.14.

Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results on Tuesday, May 7th. The textile maker reported $3.02 EPS for the quarter, beating the consensus estimate of $2.25 by $0.77. Crocs had a net margin of 19.80% and a return on equity of 56.33%. The firm had revenue of $938.60 million during the quarter, compared to the consensus estimate of $884.29 million. During the same quarter in the prior year, the firm earned $2.61 earnings per share. The business's quarterly revenue was up 6.2% on a year-over-year basis. Sell-side analysts anticipate that Crocs, Inc. will post 12.7 EPS for the current fiscal year.

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.