SG Americas Securities LLC Buys 5,931 Shares of Crocs, Inc. (NASDAQ:CROX)

SG Americas Securities LLC boosted its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 605.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,910 shares of the textile maker's stock after buying an additional 5,931 shares during the quarter. SG Americas Securities LLC's holdings in Crocs were worth $757,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Davis Investment Partners LLC lifted its stake in shares of Crocs by 0.8% in the 3rd quarter. Davis Investment Partners LLC now owns 9,673 shares of the textile maker's stock valued at $1,362,000 after purchasing an additional 77 shares during the period. Central Pacific Bank Trust Division increased its holdings in Crocs by 8.0% in the third quarter. Central Pacific Bank Trust Division now owns 1,350 shares of the textile maker's stock worth $195,000 after purchasing an additional 100 shares in the last quarter. Clear Harbor Asset Management LLC lifted its stake in Crocs by 3.3% in the fourth quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker's stock valued at $341,000 after buying an additional 100 shares during the period. Covestor Ltd boosted its holdings in shares of Crocs by 10.3% during the 3rd quarter. Covestor Ltd now owns 1,225 shares of the textile maker's stock worth $178,000 after buying an additional 114 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Crocs by 64.9% during the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker's stock worth $44,000 after buying an additional 120 shares during the period. Institutional investors own 93.44% of the company's stock.

Insider Activity at Crocs

In other Crocs news, CFO Susan L. Healy acquired 1,000 shares of the company's stock in a transaction on Wednesday, November 13th. The shares were acquired at an average cost of $99.70 per share, with a total value of $99,700.00. Following the completion of the acquisition, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. This trade represents a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.72% of the stock is owned by company insiders.

Crocs Stock Performance

Shares of NASDAQ:CROX traded up $2.24 during midday trading on Thursday, reaching $107.01. The company had a trading volume of 928,600 shares, compared to its average volume of 1,113,968. The stock has a market cap of $6.24 billion, a P/E ratio of 7.76, a P/E/G ratio of 1.79 and a beta of 1.95. The company's 50 day moving average price is $108.03 and its 200 day moving average price is $122.21. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. Crocs, Inc. has a 52-week low of $94.50 and a 52-week high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last released its earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share for the quarter, beating analysts' consensus estimates of $3.10 by $0.50. The firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The company's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.25 earnings per share. As a group, sell-side analysts anticipate that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CROX has been the topic of several research analyst reports. Needham & Company LLC initiated coverage on shares of Crocs in a research note on Friday, November 22nd. They set a "buy" rating and a $116.00 target price on the stock. StockNews.com cut shares of Crocs from a "buy" rating to a "hold" rating in a research report on Saturday, January 11th. Monness Crespi & Hardt decreased their target price on Crocs from $170.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Robert W. Baird cut their price target on Crocs from $190.00 to $180.00 and set an "outperform" rating on the stock in a report on Wednesday, October 30th. Finally, Guggenheim reaffirmed a "buy" rating and set a $155.00 target price on shares of Crocs in a research report on Friday, December 6th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Crocs presently has a consensus rating of "Moderate Buy" and a consensus price target of $146.80.

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.