Crocs, Inc. (NASDAQ:CROX) Stock Holdings Lessened by Sigma Planning Corp

Sigma Planning Corp trimmed its stake in Crocs, Inc. (NASDAQ:CROX) by 43.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,532 shares of the textile maker’s stock after selling 1,961 shares during the quarter. Sigma Planning Corp’s holdings in Crocs were worth $237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Byrne Asset Management LLC raised its position in Crocs by 60.0% during the fourth quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 120 shares in the last quarter. Blue Trust Inc. raised its position in Crocs by 185.0% during the fourth quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 222 shares in the last quarter. Mendota Financial Group LLC raised its position in Crocs by 50.6% during the fourth quarter. Mendota Financial Group LLC now owns 810 shares of the textile maker’s stock valued at $76,000 after acquiring an additional 272 shares in the last quarter. CWM LLC raised its position in Crocs by 116.9% during the third quarter. CWM LLC now owns 1,063 shares of the textile maker’s stock valued at $94,000 after acquiring an additional 573 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in shares of Crocs in the third quarter valued at approximately $124,000. Institutional investors own 93.44% of the company’s stock.

Crocs Trading Up 1.5 %

Shares of CROX stock opened at $125.40 on Monday. Crocs, Inc. has a 1 year low of $74.00 and a 1 year high of $146.79. The firm’s fifty day simple moving average is $128.31 and its 200 day simple moving average is $107.75. The firm has a market capitalization of $7.61 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 1.58 and a beta of 2.01. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 1.13.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, February 15th. The textile maker reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.20. The business had revenue of $960.10 million for the quarter, compared to analyst estimates of $958.39 million. Crocs had a net margin of 20.00% and a return on equity of 61.97%. Crocs’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.65 earnings per share. As a group, sell-side analysts predict that Crocs, Inc. will post 12.44 EPS for the current year.

Insider Buying and Selling at Crocs

In other Crocs news, EVP Daniel P. Hart sold 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $118.48, for a total value of $1,184,800.00. Following the sale, the executive vice president now owns 219,293 shares of the company’s stock, valued at approximately $25,981,834.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Crocs news, Director Ian Bickley sold 16,785 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $120.05, for a total value of $2,015,039.25. Following the sale, the director now owns 31,815 shares of the company’s stock, valued at approximately $3,819,390.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel P. Hart sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $118.48, for a total transaction of $1,184,800.00. Following the completion of the sale, the executive vice president now directly owns 219,293 shares in the company, valued at approximately $25,981,834.64. The disclosure for this sale can be found here. Insiders have sold 39,867 shares of company stock valued at $4,786,276 in the last 90 days. 2.69% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. B. Riley boosted their price objective on shares of Crocs from $95.00 to $122.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. KeyCorp boosted their price objective on shares of Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Raymond James boosted their price objective on shares of Crocs from $120.00 to $145.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 16th. Piper Sandler boosted their price objective on shares of Crocs from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Finally, Williams Trading restated a “hold” rating and issued a $125.00 price objective (down from $135.00) on shares of Crocs in a research note on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.55.

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.