Voss Capital LP Boosts Holdings in Crocs, Inc. (NASDAQ:CROX)

Voss Capital LP raised its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 32.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 267,500 shares of the textile maker's stock after buying an additional 65,000 shares during the quarter. Crocs comprises approximately 2.2% of Voss Capital LP's investment portfolio, making the stock its 18th biggest holding. Voss Capital LP owned 0.46% of Crocs worth $29,299,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in Crocs by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock worth $599,959,000 after acquiring an additional 47,576 shares during the period. Pacer Advisors Inc. grew its stake 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 period. Arrowstreet Capital Limited Partnership raised its stake in shares of Crocs by 1,516.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock worth $145,299,000 after purchasing an additional 1,244,480 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Crocs by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker's stock valued at $116,644,000 after acquiring an additional 15,037 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Crocs by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,046,600 shares of the textile maker's stock worth $114,632,000 after buying an additional 89,647 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Needham & Company LLC restated a "buy" rating and set a $129.00 price target on shares of Crocs in a research report on Thursday, February 13th. Robert W. Baird reduced their price objective on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Guggenheim dropped their target price on Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. StockNews.com cut Crocs from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Stifel Nicolaus decreased their price objective on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $140.00.

Crocs Stock Performance

Shares of NASDAQ:CROX traded down $1.05 during midday trading on Friday, hitting $97.68. The company's stock had a trading volume of 1,302,392 shares, compared to its average volume of 1,465,832. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. Crocs, Inc. has a fifty-two week low of $86.11 and a fifty-two week high of $165.32. The stock's 50 day simple moving average is $100.86 and its 200 day simple moving average is $107.03. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 6.11, a PEG ratio of 1.80 and a beta of 1.62.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings results 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%. As a group, research analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current year.

Insider Activity at Crocs

In other news, EVP Adam Michaels sold 15,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the transaction, the executive vice president now owns 89,323 shares in the company, valued at $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Shannon Sisler sold 4,659 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares of the company's stock, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is owned by company 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.