Elo Mutual Pension Insurance Co increased its position in Crocs, Inc. (NASDAQ:CROX – Free Report) by 86.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,866 shares of the textile maker’s stock after buying an additional 11,497 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Crocs were worth $2,078,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 acquiring an additional 459 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Crocs by 4.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 211,305 shares of the textile maker’s stock valued at $22,441,000 after purchasing an additional 8,331 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Crocs by 7.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 229,695 shares of the textile maker’s stock valued at $23,264,000 after purchasing an additional 15,024 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Crocs in the second quarter worth $58,000. Finally, Genus Capital Management Inc. acquired a new position in Crocs during the second quarter worth $1,266,000. Institutional investors own 93.44% of the company’s stock.
Crocs Stock Down 2.1%
Shares of CROX stock opened at $83.57 on Thursday. Crocs, Inc. has a 12 month low of $73.21 and a 12 month high of $122.84. The company has a quick ratio of 0.74, a current ratio of 1.27 and a debt-to-equity ratio of 0.95. The firm has a market cap of $4.20 billion, a PE ratio of -66.33, a price-to-earnings-growth ratio of 0.99 and a beta of 1.54. The stock has a 50 day moving average of $88.02 and a 200-day moving average of $84.94.
Insider Activity
In other news, EVP Anne Mehlman sold 12,145 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $100.06, for a total transaction of $1,215,228.70. Following the completion of the transaction, the executive vice president owned 131,112 shares of the company’s stock, valued at approximately $13,119,066.72. This represents a 8.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.
Analyst Ratings Changes
A number of analysts have weighed in on CROX shares. Needham & Company LLC boosted their price target on Crocs from $100.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Zacks Research lowered Crocs from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Piper Sandler reiterated a “neutral” rating and set a $95.00 price target on shares of Crocs in a report on Thursday, February 12th. Monness Crespi & Hardt lifted their price target on shares of Crocs from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Finally, The Goldman Sachs Group boosted their price objective on shares of Crocs from $71.00 to $81.00 and gave the stock a “sell” rating in a research note on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $103.42.
Get Our Latest Analysis on CROX
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.
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