656 Shares in Crocs, Inc. (NASDAQ:CROX) Purchased by NBC Securities Inc.

NBC Securities Inc. bought a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 656 shares of the textile maker’s stock, valued at approximately $69,000.

Several other institutional investors and hedge funds have also bought and sold shares of CROX. Allianz SE bought a new stake in Crocs in the fourth quarter valued at approximately $53,000. Ameriflex Group Inc. acquired a new position in shares of Crocs in the fourth quarter valued at approximately $54,000. Parallel Advisors LLC grew its position in shares of Crocs by 26.5% in the first quarter. Parallel Advisors LLC now owns 630 shares of the textile maker’s stock valued at $67,000 after purchasing an additional 132 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Crocs by 425.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker’s stock valued at $74,000 after purchasing an additional 549 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Crocs by 38.3% in the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 206 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Stock Down 0.8%

Shares of NASDAQ:CROX opened at $104.29 on Thursday. The firm has a market cap of $5.85 billion, a P/E ratio of 6.52, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. Crocs, Inc. has a 12-month low of $86.11 and a 12-month high of $165.32. The business has a fifty day simple moving average of $101.76 and a 200 day simple moving average of $104.27.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.49. Crocs had a return on equity of 46.27% and a net margin of 23.16%. The business had revenue of $937.33 million during the quarter, compared to analyst estimates of $907.07 million. During the same period last year, the company earned $3.02 EPS. Crocs’s revenue for the quarter was down .1% compared to the same quarter last year. Analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CROX shares. Bank of America upped their target price on Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Barclays reduced their price target on Crocs from $122.00 to $119.00 and set an “overweight” rating on the stock in a research report on Friday, May 9th. Stifel Nicolaus reduced their price target on Crocs from $138.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Loop Capital increased their price target on Crocs from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, April 1st. Finally, Piper Sandler cut their target price on Crocs from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $139.79.

Insider Activity

In other news, Director Ian Bickley sold 3,044 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $115.89, for a total value of $352,769.16. Following the completion of the sale, the director now directly owns 27,505 shares in the company, valued at $3,187,554.45. This trade represents a 9.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.00% of the stock is currently 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.