LSV Asset Management Purchases 46,300 Shares of Crocs, Inc. (NASDAQ:CROX)

LSV Asset Management increased its position in Crocs, Inc. (NASDAQ:CROX) by 36.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 173,313 shares of the textile maker’s stock after purchasing an additional 46,300 shares during the period. LSV Asset Management’s holdings in Crocs were worth $16,189,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. WIT Partners Advisory Pte. Ltd. bought a new stake in shares of Crocs during the 4th quarter valued at $266,431,000. Assenagon Asset Management S.A. grew its holdings in Crocs by 60.1% in the third quarter. Assenagon Asset Management S.A. now owns 1,024,452 shares of the textile maker’s stock worth $90,387,000 after purchasing an additional 384,390 shares during the period. Pacer Advisors Inc. increased its stake in shares of Crocs by 13.4% during the fourth quarter. Pacer Advisors Inc. now owns 771,305 shares of the textile maker’s stock valued at $72,048,000 after purchasing an additional 91,318 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Crocs by 141.1% during the third quarter. AQR Capital Management LLC now owns 720,554 shares of the textile maker’s stock valued at $63,574,000 after purchasing an additional 421,712 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Crocs by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 672,330 shares of the textile maker’s stock worth $59,320,000 after purchasing an additional 30,761 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

CROX has been the subject of a number of recent research reports. Barclays assumed coverage on Crocs in a research note on Monday, April 1st. They set an “overweight” rating and a $167.00 price objective for the company. Bank of America lifted their price target on Crocs from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. KeyCorp raised their price objective on shares of Crocs from $130.00 to $149.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Stifel Nicolaus increased their price target on shares of Crocs from $132.00 to $140.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, Piper Sandler upped their price objective on Crocs from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $144.64.

Insiders Place Their Bets

In other Crocs news, EVP Daniel P. Hart sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $118.48, for a total transaction of $1,184,800.00. Following the sale, the executive vice president now owns 219,293 shares in the company, valued at approximately $25,981,834.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Crocs news, EVP Daniel P. Hart sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $118.48, for a total value of $1,184,800.00. Following the completion of the sale, the executive vice president now owns 219,293 shares in the company, valued at approximately $25,981,834.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John B. Replogle bought 1,972 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average price of $126.75 per share, with a total value of $249,951.00. Following the transaction, the director now directly owns 3,153 shares of the company’s stock, valued at approximately $399,642.75. The disclosure for this purchase can be found here. Insiders sold a total of 39,867 shares of company stock worth $4,786,276 over the last quarter. 2.72% of the stock is currently owned by corporate insiders.

Crocs Stock Up 1.9 %

Crocs stock opened at $126.63 on Tuesday. The stock has a fifty day moving average of $129.26 and a 200 day moving average of $109.47. Crocs, Inc. has a one year low of $74.00 and a one year high of $146.79. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.75 and a current ratio of 1.30. The stock has a market cap of $7.69 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 1.56 and a beta of 2.03.

Crocs (NASDAQ:CROX) last announced its earnings results on Tuesday, May 7th. The textile maker reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.80. The business had revenue of $938.60 million during the quarter, compared to analysts’ expectations of $884.29 million. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.61 earnings per share. As a group, sell-side analysts predict that Crocs, Inc. will post 12.44 EPS for the current year.

Crocs Company 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.