Optimize Financial Inc Buys Shares of 4,108 Crocs, Inc. (NASDAQ:CROX)

Optimize Financial Inc bought a new stake in Crocs, Inc. (NASDAQ:CROX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,108 shares of the textile maker's stock, valued at approximately $450,000.

Several other hedge funds also recently modified their holdings of CROX. UMB Bank n.a. lifted its stake in Crocs by 46.6% during the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock valued at $49,000 after acquiring an additional 142 shares in the last quarter. Allianz SE bought a new position in shares of Crocs during the fourth quarter valued at about $53,000. Wilmington Savings Fund Society FSB purchased a new position in Crocs during the third quarter worth about $73,000. Jones Financial Companies Lllp grew its position in Crocs by 38.3% in the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock worth $81,000 after purchasing an additional 206 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in Crocs in the 4th quarter valued at about $96,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CROX. Piper Sandler cut their target price on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday. Barclays reduced their price objective on Crocs from $125.00 to $122.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Robert W. Baird decreased their target price on Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. StockNews.com downgraded shares of Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Loop Capital raised their price objective on shares of Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $140.00.

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Crocs Stock Performance

Shares of NASDAQ CROX traded down $0.87 during midday trading on Tuesday, hitting $89.93. The company's stock had a trading volume of 1,371,391 shares, compared to its average volume of 1,453,551. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 5.62, a P/E/G ratio of 1.80 and a beta of 1.62. 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 stock has a fifty day moving average price of $101.68 and a 200 day moving average price of $109.13. Crocs, Inc. has a one year low of $86.11 and a one year high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. On average, research analysts forecast that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Insider Buying and Selling

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