Edmond DE Rothschild Holding S.A. Acquires 1,142 Shares of Crocs, Inc. (NASDAQ:CROX)

Edmond DE Rothschild Holding S.A. increased its position in shares of Crocs, Inc. (NASDAQ:CROX) by 7.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,865 shares of the textile maker’s stock after purchasing an additional 1,142 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Crocs were worth $2,425,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James & Associates lifted its position in Crocs by 235.8% during the fourth quarter. Raymond James & Associates now owns 58,514 shares of the textile maker’s stock worth $5,466,000 after purchasing an additional 41,091 shares during the period. Nordea Investment Management AB lifted its position in Crocs by 17.0% during the first quarter. Nordea Investment Management AB now owns 51,189 shares of the textile maker’s stock worth $7,292,000 after purchasing an additional 7,448 shares during the period. Alaska Permanent Fund Corp lifted its position in Crocs by 282.2% during the first quarter. Alaska Permanent Fund Corp now owns 15,478 shares of the textile maker’s stock worth $2,226,000 after purchasing an additional 11,428 shares during the period. Tyro Capital Management LLC bought a new stake in Crocs during the fourth quarter worth about $10,481,000. Finally, BNP Paribas Financial Markets lifted its position in Crocs by 242.1% during the fourth quarter. BNP Paribas Financial Markets now owns 56,494 shares of the textile maker’s stock worth $5,277,000 after purchasing an additional 39,979 shares during the period. Institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling at Crocs

In other Crocs news, CEO Andrew Rees sold 10,000 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $160.15, for a total transaction of $1,601,500.00. Following the completion of the sale, the chief executive officer now owns 79,748 shares of the company’s stock, valued at approximately $12,771,642.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Crocs news, EVP Shannon Sisler sold 1,404 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $149.96, for a total transaction of $210,543.84. Following the transaction, the executive vice president now directly owns 37,103 shares in the company, valued at approximately $5,563,965.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Rees sold 10,000 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $160.15, for a total value of $1,601,500.00. Following the transaction, the chief executive officer now owns 79,748 shares in the company, valued at $12,771,642.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,178 shares of company stock valued at $4,597,445. 2.72% of the stock is currently owned by company insiders.

Crocs Trading Down 2.3 %

Shares of Crocs stock traded down $3.11 on Wednesday, hitting $132.99. The stock had a trading volume of 1,087,677 shares, compared to its average volume of 1,336,687. The firm has a market capitalization of $8.07 billion, a P/E ratio of 10.29, a PEG ratio of 1.51 and a beta of 2.00. The stock has a 50 day moving average of $147.96 and a 200 day moving average of $128.69. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.14 and a current ratio of 1.76. Crocs, Inc. has a twelve month low of $74.00 and a twelve month high of $165.32.

Crocs (NASDAQ:CROX) last released its earnings results on Tuesday, May 7th. The textile maker reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.25 by $0.77. The business had revenue of $938.60 million during the quarter, compared to the consensus estimate of $884.29 million. Crocs had a net margin of 19.80% and a return on equity of 56.33%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.61 EPS. Sell-side analysts expect that Crocs, Inc. will post 12.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CROX shares. Barclays upped their price objective on shares of Crocs from $167.00 to $169.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. Stifel Nicolaus increased their target price on shares of Crocs from $140.00 to $158.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. UBS Group dropped their target price on shares of Crocs from $148.00 to $146.00 and set a “neutral” rating for the company in a report on Tuesday. KeyCorp increased their target price on shares of Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Finally, OTR Global raised shares of Crocs from a “mixed” rating to a “positive” rating in a report on Thursday, April 11th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $154.67.

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.