Clear Harbor Asset Management LLC Has $341,000 Holdings in Crocs, Inc. (NASDAQ:CROX)

Clear Harbor Asset Management LLC raised its stake in Crocs, Inc. (NASDAQ:CROX) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,114 shares of the textile maker’s stock after buying an additional 100 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Crocs were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. increased its stake in shares of Crocs by 11,200.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 224 shares during the last quarter. UMB Bank n.a. increased its stake in Crocs by 64.9% in the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 120 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in Crocs by 83.0% in the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after purchasing an additional 142 shares during the period. Avior Wealth Management LLC boosted its position in shares of Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after purchasing an additional 208 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Crocs in the 3rd quarter valued at $73,000. Institutional investors own 93.44% of the company’s stock.

Insider Activity

In other Crocs news, Director John B. Replogle acquired 2,240 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was bought at an average cost of $112.60 per share, with a total value of $252,224.00. Following the completion of the transaction, the director now directly owns 9,304 shares in the company, valued at approximately $1,047,630.40. This represents a 31.71 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Susan L. Healy bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were acquired at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the acquisition, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. The trade was a 4.62 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CROX shares. Barclays reduced their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Guggenheim reiterated a “buy” rating and issued a $155.00 price objective on shares of Crocs in a research report on Friday, December 6th. Raymond James downgraded shares of Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. UBS Group reduced their price target on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, Loop Capital lowered shares of Crocs from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $150.00 to $110.00 in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Crocs currently has a consensus rating of “Moderate Buy” and an average price target of $148.80.

Crocs Stock Performance

CROX opened at $103.30 on Wednesday. The business’s 50-day simple moving average is $107.38 and its 200 day simple moving average is $123.69. Crocs, Inc. has a 52-week low of $94.50 and a 52-week high of $165.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. The firm has a market capitalization of $6.02 billion, a PE ratio of 7.49, a PEG ratio of 1.74 and a beta of 1.95.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. Crocs had a return on equity of 49.70% and a net margin of 20.50%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the business posted $3.25 EPS. The business’s revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts expect that Crocs, Inc. will post 12.93 earnings per share for the current fiscal year.

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.