Vontobel Holding Ltd. Has $1.39 Million Stake in Crocs, Inc. (NASDAQ:CROX)

Vontobel Holding Ltd. lifted its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 71.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,864 shares of the textile maker’s stock after buying an additional 6,215 shares during the period. Vontobel Holding Ltd.’s holdings in Crocs were worth $1,388,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Metropolitan Life Insurance Co NY lifted its holdings in Crocs by 2.5% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 3,730 shares of the textile maker’s stock valued at $404,000 after buying an additional 90 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in Crocs by 1.7% in the third quarter. Mercer Global Advisors Inc. ADV now owns 6,757 shares of the textile maker’s stock valued at $464,000 after buying an additional 114 shares during the period. Byrne Asset Management LLC lifted its holdings in Crocs by 60.0% in the fourth quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock valued at $30,000 after buying an additional 120 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Crocs by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 26,720 shares of the textile maker’s stock valued at $2,358,000 after buying an additional 140 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in Crocs by 0.4% in the third quarter. Nordea Investment Management AB now owns 37,802 shares of the textile maker’s stock valued at $3,362,000 after buying an additional 145 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CROX shares. KeyCorp increased their price objective on shares of Crocs from $130.00 to $149.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Piper Sandler upped their target price on shares of Crocs from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Stifel Nicolaus upped their target price on shares of Crocs from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, February 16th. B. Riley upped their target price on shares of Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Finally, Bank of America upped their target price on shares of Crocs from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Crocs has an average rating of “Moderate Buy” and an average target price of $147.09.

Crocs Stock Down 0.4 %

Shares of CROX stock opened at $120.54 on Friday. The firm has a fifty day moving average of $127.10 and a 200-day moving average of $106.07. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. Crocs, Inc. has a 12-month low of $74.00 and a 12-month high of $151.32. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 9.41, a P/E/G ratio of 1.50 and a beta of 2.01.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, February 15th. The textile maker reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.20. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The company had revenue of $960.10 million during the quarter, compared to the consensus estimate of $958.39 million. During the same quarter in the prior year, the firm earned $2.65 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Crocs, Inc. will post 12.46 earnings per share for the current fiscal year.

Insider Activity at Crocs

In other Crocs news, Director John B. Replogle bought 1,972 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average price of $126.75 per share, with a total value of $249,951.00. Following the completion of the transaction, the director now owns 3,153 shares in the company, valued at $399,642.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Crocs news, Director John B. Replogle bought 1,972 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average price of $126.75 per share, with a total value of $249,951.00. Following the completion of the transaction, the director now owns 3,153 shares in the company, valued at $399,642.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michelle Poole sold 4,793 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $119.15, for a total transaction of $571,085.95. Following the completion of the transaction, the president now directly owns 64,912 shares of the company’s stock, valued at approximately $7,734,264.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,867 shares of company stock valued at $4,786,276. Corporate insiders own 2.69% of the company’s stock.

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.