BI Asset Management Fondsmaeglerselskab A S Decreases Position in Crocs, Inc. $CROX

BI Asset Management Fondsmaeglerselskab A S decreased its position in Crocs, Inc. (NASDAQ:CROX) by 74.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,033 shares of the textile maker’s stock after selling 43,162 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Crocs were worth $1,256,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP lifted its position in shares of Crocs by 120.7% during the 2nd quarter. Allworth Financial LP now owns 448 shares of the textile maker’s stock valued at $45,000 after buying an additional 245 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Crocs during the second quarter valued at about $48,000. Employees Retirement System of Texas bought a new position in Crocs during the second quarter worth about $49,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Crocs during the second quarter worth about $58,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Crocs by 159.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock worth $79,000 after purchasing an additional 459 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Crocs Stock Up 1.6%

Shares of NASDAQ:CROX opened at $85.81 on Monday. The firm has a fifty day moving average price of $86.68 and a two-hundred day moving average price of $85.00. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 27.95 and a beta of 1.56. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.40 and a quick ratio of 0.83. Crocs, Inc. has a one year low of $73.21 and a one year high of $122.84.

Analyst Upgrades and Downgrades

Several research firms recently commented on CROX. Robert W. Baird reaffirmed a “neutral” rating and issued a $100.00 price objective on shares of Crocs in a report on Wednesday, January 7th. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Crocs in a research report on Friday, December 5th. Zacks Research lowered Crocs from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Weiss Ratings cut Crocs from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 26th. Finally, Monness Crespi & Hardt boosted their price objective on Crocs from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Crocs presently has an average rating of “Hold” and a consensus target price of $94.64.

Insider Buying and Selling

In other Crocs news, Director John B. Replogle bought 3,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were acquired at an average cost of $74.50 per share, for a total transaction of $223,500.00. Following the purchase, the director directly owned 18,417 shares of the company’s stock, valued at $1,372,066.50. The trade was a 19.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by insiders.

Crocs Company Profile

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.