Crocs, Inc. (NASDAQ:CROX) Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp raised its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 428.6% during the 4th quarter, Holdings Channel reports. The fund owned 3,933 shares of the textile maker’s stock after purchasing an additional 3,189 shares during the period. Fifth Third Bancorp’s holdings in Crocs were worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in CROX. Morgan Stanley raised its stake in Crocs by 97.9% during the 4th quarter. Morgan Stanley now owns 1,300,768 shares of the textile maker’s stock valued at $141,042,000 after acquiring an additional 643,578 shares in the last quarter. Two Sigma Advisers LP raised its stake in Crocs by 278.9% during the 1st quarter. Two Sigma Advisers LP now owns 849,600 shares of the textile maker’s stock valued at $107,423,000 after acquiring an additional 625,400 shares in the last quarter. Voss Capital LLC raised its stake in Crocs by 610.0% during the 3rd quarter. Voss Capital LLC now owns 710,000 shares of the textile maker’s stock valued at $62,643,000 after acquiring an additional 610,000 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Crocs during the 1st quarter valued at $64,644,000. Finally, AQR Capital Management LLC raised its stake in Crocs by 141.1% during the 3rd quarter. AQR Capital Management LLC now owns 720,554 shares of the textile maker’s stock valued at $63,574,000 after acquiring an additional 421,712 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Insider Transactions at Crocs

In other news, President Michelle Poole sold 4,793 shares of Crocs stock in a transaction on Friday, February 16th. The stock was sold at an average price of $119.15, for a total transaction of $571,085.95. Following the transaction, the president now owns 64,912 shares in the company, valued at $7,734,264.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Crocs news, Director John B. Replogle purchased 1,972 shares of the stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $126.75 per share, for a total transaction of $249,951.00. Following the completion of the acquisition, the director now owns 3,153 shares of the company’s stock, valued at approximately $399,642.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michelle Poole sold 4,793 shares of Crocs stock in a transaction on Friday, February 16th. The shares were sold at an average price of $119.15, for a total value of $571,085.95. Following the transaction, the president now owns 64,912 shares in the company, valued at approximately $7,734,264.80. The disclosure for this sale can be found here. Insiders have sold 39,867 shares of company stock valued at $4,786,276 over the last three months. Company insiders own 2.69% of the company’s stock.

Crocs Stock Down 0.2 %

Shares of Crocs stock opened at $134.09 on Monday. The stock’s fifty day moving average is $122.43 and its 200-day moving average is $103.62. The firm has a market capitalization of $8.11 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 1.69 and a beta of 2.01. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. Crocs, Inc. has a 12-month low of $74.00 and a 12-month high of $151.32.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, February 15th. The textile maker reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.20. The company had revenue of $960.10 million for the quarter, compared to analyst estimates of $958.39 million. Crocs had a return on equity of 61.97% and a net margin of 20.00%. Crocs’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.65 earnings per share. Equities analysts anticipate that Crocs, Inc. will post 12.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CROX shares. Bank of America lifted their target price on Crocs from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Piper Sandler boosted their price objective on Crocs from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Barclays began coverage on Crocs in a research note on Monday, April 1st. They issued an “overweight” rating and a $167.00 price objective on the stock. Raymond James boosted their price objective on Crocs from $120.00 to $145.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 16th. Finally, B. Riley boosted their price objective on Crocs from $93.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Crocs has a consensus rating of “Moderate Buy” and an average price target of $146.60.

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.