Assenagon Asset Management S.A. Invests $367,000 in Crocs, Inc. (NASDAQ:CROX)

Assenagon Asset Management S.A. acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,457 shares of the textile maker’s stock, valued at approximately $367,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Crocs by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock valued at $599,959,000 after acquiring an additional 47,576 shares during the period. Impax Asset Management Group plc bought a new stake in Crocs during the fourth quarter worth about $684,000. Oppenheimer & Co. Inc. grew its stake in Crocs by 39.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker’s stock worth $1,888,000 after buying an additional 4,862 shares during the last quarter. Amica Mutual Insurance Co. bought a new stake in Crocs during the fourth quarter worth about $333,000. Finally, Jefferies Financial Group Inc. bought a new stake in Crocs during the fourth quarter worth about $419,000. Institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were 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 owns 27,505 shares of the company’s stock, valued at approximately $3,187,554.45. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

Crocs Trading Down 0.9%

Shares of NASDAQ CROX opened at $100.13 on Friday. The company’s 50 day simple moving average is $102.47 and its 200 day simple moving average is $104.03. Crocs, Inc. has a fifty-two week low of $86.11 and a fifty-two week high of $165.32. The firm has a market capitalization of $5.61 billion, a P/E ratio of 6.14, a P/E/G ratio of 2.51 and a beta of 1.41. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.52 and a quick ratio of 0.97.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.49. Crocs had a net margin of 23.35% and a return on equity of 43.07%. The business had revenue of $937.33 million for the quarter, compared to analyst estimates of $907.07 million. During the same period in the prior year, the business posted $3.02 earnings per share. Crocs’s revenue was down .1% compared to the same quarter last year. On average, analysts predict that Crocs, Inc. will post 13.2 EPS for the current year.

Wall Street Analysts Forecast Growth

CROX has been the topic of several research analyst reports. Wall Street Zen cut shares of Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Loop Capital upped their target price on shares of Crocs from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, April 1st. Stifel Nicolaus reduced their target price on shares of Crocs from $138.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Piper Sandler reduced their target price on shares of Crocs from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Finally, Barclays reduced their target price on shares of Crocs from $122.00 to $119.00 and set an “overweight” rating on the stock in a research report on Friday, May 9th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $139.79.

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.