Vontobel Holding Ltd. Acquires 421 Shares of Crocs, Inc. (NASDAQ:CROX)

Vontobel Holding Ltd. boosted its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,090 shares of the textile maker’s stock after buying an additional 421 shares during the period. Vontobel Holding Ltd.’s holdings in Crocs were worth $753,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Allianz SE purchased a new stake in Crocs during the fourth quarter valued at about $53,000. Salem Investment Counselors Inc. purchased a new stake in Crocs during the first quarter valued at about $53,000. Ameriflex Group Inc. purchased a new stake in Crocs during the fourth quarter valued at about $54,000. Compagnie Lombard Odier SCmA purchased a new stake in Crocs during the first quarter valued at about $58,000. Finally, Parallel Advisors LLC raised its position in Crocs by 26.5% during 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 in the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Stock Up 0.7%

NASDAQ CROX opened at $107.50 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.52 and a quick ratio of 0.97. The stock has a market capitalization of $6.03 billion, a PE ratio of 6.59, a PEG ratio of 2.23 and a beta of 1.38. Crocs, Inc. has a 1 year low of $86.11 and a 1 year high of $151.13. The business’s 50-day moving average is $104.64 and its 200 day moving average is $103.31.

Crocs (NASDAQ:CROX) last posted 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. The company had revenue of $937.33 million for the quarter, compared to analysts’ expectations of $907.07 million. Crocs had a return on equity of 43.07% and a net margin of 23.35%. Crocs’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the firm earned $3.02 earnings per share. Sell-side analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CROX. The Goldman Sachs Group began coverage on Crocs in a research report on Wednesday, July 2nd. They set a “sell” rating and a $88.00 price target on the stock. Needham & Company LLC lifted their price objective on Crocs from $118.00 to $129.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Barclays decreased their price objective on Crocs from $122.00 to $119.00 and set an “overweight” rating on the stock in a report on Friday, May 9th. Stifel Nicolaus decreased their price objective on Crocs from $138.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Bank of America decreased their price objective on Crocs from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, June 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $135.13.

Insiders Place Their Bets

In other Crocs news, Director Ian Bickley sold 3,044 shares of Crocs stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $115.89, for a total transaction of $352,769.16. Following the sale, the director directly owned 27,505 shares of the company’s stock, valued at approximately $3,187,554.45. The trade was a 9.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.72% of the company’s stock.

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.