Crocs, Inc. (NASDAQ:CROX) Shares Acquired by Chase Investment Counsel Corp

Chase Investment Counsel Corp increased its position in Crocs, Inc. (NASDAQ:CROX) by 45.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,000 shares of the textile maker’s stock after buying an additional 5,000 shares during the period. Chase Investment Counsel Corp’s holdings in Crocs were worth $1,752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. increased its position in Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after purchasing an additional 142 shares during the last quarter. Avior Wealth Management LLC increased its position in 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 during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Crocs during the third quarter worth approximately $73,000. Whipplewood Advisors LLC acquired a new position in Crocs during the fourth quarter worth approximately $96,000. Finally, Quarry LP acquired a new position in Crocs during the third quarter worth approximately $104,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CROX. UBS Group upped their price target on shares of Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Bank of America boosted their price objective on shares of Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Robert W. Baird decreased their price objective on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Needham & Company LLC reiterated a “buy” rating and set a $129.00 price objective on shares of Crocs in a research note on Thursday, February 13th. Finally, Barclays decreased their price objective on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and a consensus target price of $143.53.

Insider Activity at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the sale, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by corporate insiders.

Crocs Price Performance

Shares of CROX stock opened at $99.57 on Friday. The company has a market capitalization of $5.58 billion, a PE ratio of 6.23, a price-to-earnings-growth ratio of 1.80 and a beta of 1.93. The firm has a fifty day simple moving average of $104.78 and a 200-day simple moving average of $117.83. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. Crocs, Inc. has a twelve month low of $88.25 and a twelve month high of $165.32.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. Equities research analysts anticipate that Crocs, Inc. will post 13.2 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.