Manchester Capital Management LLC Grows Holdings in Crocs, Inc. (NASDAQ:CROX)

Manchester Capital Management LLC increased its position in Crocs, Inc. (NASDAQ:CROX) by 9.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,437 shares of the textile maker’s stock after acquiring an additional 129 shares during the quarter. Manchester Capital Management LLC’s holdings in Crocs were worth $157,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CROX. Creative Planning boosted its stake in Crocs by 7.6% in the 3rd quarter. Creative Planning now owns 5,388 shares of the textile maker’s stock worth $780,000 after purchasing an additional 382 shares during the period. V Square Quantitative Management LLC boosted its stake in Crocs by 83.0% in the 3rd 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. Stratos Wealth Advisors LLC bought a new position in Crocs in the 3rd quarter worth approximately $1,731,000. Kirr Marbach & Co. LLC IN boosted its stake in Crocs by 1.9% in the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 27,465 shares of the textile maker’s stock worth $3,977,000 after purchasing an additional 525 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Crocs by 63.4% during the 3rd quarter. Blue Trust Inc. now owns 1,636 shares of the textile maker’s stock valued at $239,000 after acquiring an additional 635 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on CROX shares. UBS Group lowered their target price on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Guggenheim lowered their target price on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Needham & Company LLC reiterated a “buy” rating and set a $129.00 target price on shares of Crocs in a research report on Thursday. Barclays lowered their target price on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Friday. Finally, KeyCorp lowered their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.87.

Crocs Stock Performance

CROX stock opened at $108.43 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The business’s fifty day simple moving average is $105.73 and its two-hundred day simple moving average is $119.35. Crocs, Inc. has a twelve month low of $88.25 and a twelve month high of $165.32. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 1.67 and a beta of 1.93.

Crocs (NASDAQ:CROX) last released its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 49.70% and a net margin of 20.50%. Analysts predict that Crocs, Inc. will post 12.92 earnings per share for the current year.

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.