Crossmark Global Holdings Inc. Has $1.38 Million Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Crossmark Global Holdings Inc. raised its stake in shares of Crocs, Inc. (NASDAQ:CROXFree Report) by 133.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,738 shares of the textile maker’s stock after purchasing an additional 8,415 shares during the period. Crossmark Global Holdings Inc.’s holdings in Crocs were worth $1,377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Byrne Asset Management LLC grew its stake in shares of Crocs by 60.0% in the fourth quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock worth $30,000 after acquiring an additional 120 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Crocs by 185.0% in the fourth quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock worth $32,000 after acquiring an additional 222 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Crocs in the fourth quarter worth $53,000. Harvest Fund Management Co. Ltd bought a new position in Crocs in the fourth quarter worth $56,000. Finally, Manchester Capital Management LLC lifted its position in Crocs by 1,673.5% in the fourth quarter. Manchester Capital Management LLC now owns 603 shares of the textile maker’s stock worth $56,000 after purchasing an additional 569 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Buying and Selling

In other news, EVP Shannon Sisler sold 1,404 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $149.96, for a total transaction of $210,543.84. Following the completion of the transaction, the executive vice president now directly owns 37,103 shares in the company, valued at approximately $5,563,965.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Thomas J. Smach sold 10,174 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $140.32, for a total transaction of $1,427,615.68. Following the completion of the transaction, the director now directly owns 115,339 shares in the company, valued at approximately $16,184,368.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Shannon Sisler sold 1,404 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $149.96, for a total value of $210,543.84. Following the transaction, the executive vice president now owns 37,103 shares of the company’s stock, valued at $5,563,965.88. The disclosure for this sale can be found here. Insiders sold a total of 18,102 shares of company stock worth $2,493,172 over the last three months. 2.72% of the stock is currently owned by company insiders.

Crocs Price Performance

Shares of CROX stock opened at $147.00 on Monday. The stock has a 50-day moving average price of $136.53 and a 200 day moving average price of $119.37. The company has a quick ratio of 1.14, a current ratio of 1.76 and a debt-to-equity ratio of 1.08. The firm has a market cap of $8.92 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.66 and a beta of 1.97. Crocs, Inc. has a 12 month low of $74.00 and a 12 month high of $158.11.

Crocs (NASDAQ:CROXGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The textile maker reported $3.02 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.77. The firm had revenue of $938.60 million during the quarter, compared to analyst estimates of $884.29 million. Crocs had a return on equity of 56.33% and a net margin of 19.80%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the company earned $2.61 earnings per share. Research analysts expect that Crocs, Inc. will post 12.66 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CROX. Raymond James raised their target price on Crocs from $120.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 16th. Wedbush lifted their price objective on Crocs from $156.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, May 13th. Bank of America lifted their price objective on Crocs from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Piper Sandler lifted their price objective on Crocs from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Finally, B. Riley raised their target price on Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.75.

Read Our Latest Research Report on Crocs

Crocs Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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