Crocs, Inc. (NASDAQ:CROX) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 32.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,535 shares of the textile maker's stock after purchasing an additional 11,917 shares during the quarter. Van ECK Associates Corp owned approximately 0.08% of Crocs worth $5,316,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Pacer Advisors Inc. boosted its holdings in Crocs by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock valued at $223,126,000 after acquiring an additional 577,467 shares during the last quarter. FMR LLC raised its holdings in shares of Crocs by 4.8% in the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker's stock worth $1,289,908,000 after purchasing an additional 406,287 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Crocs in the 3rd quarter valued at about $17,122,000. Motley Fool Wealth Management LLC purchased a new stake in shares of Crocs during the 3rd quarter worth about $9,097,000. Finally, Fort Washington Investment Advisors Inc. OH increased its position in Crocs by 34.0% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker's stock worth $20,227,000 after purchasing an additional 46,890 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Crocs Stock Performance

CROX traded down $2.07 during trading hours on Thursday, hitting $108.88. 1,791,833 shares of the stock were exchanged, compared to its average volume of 1,705,521. The stock has a 50-day simple moving average of $105.47 and a 200-day simple moving average of $118.85. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. Crocs, Inc. has a 12 month low of $88.25 and a 12 month high of $165.32. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 6.81, a price-to-earnings-growth ratio of 1.77 and a beta of 1.93.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group lifted their price target on shares of Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a research report on Wednesday. Needham & Company LLC reissued a "buy" rating and set a $129.00 price target on shares of Crocs in a research report on Thursday, February 13th. Bank of America upped their price objective on shares of Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Loop Capital downgraded Crocs from a "buy" rating to a "hold" rating and lowered their target price for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. Finally, Monness Crespi & Hardt reduced their price target on Crocs from $170.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $143.53.

Insiders Place Their Bets

In other news, EVP Adam Michaels sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total transaction 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 filing with the SEC, which is accessible through the SEC website. 2.72% of the stock is 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.