Asio Capital LLC Has $3.79 Million Stock Position in Crocs, Inc. (NASDAQ:CROX)

Asio Capital LLC boosted its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 15.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,698 shares of the textile maker’s stock after buying an additional 4,703 shares during the period. Asio Capital LLC owned about 0.06% of Crocs worth $3,791,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Crocs by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock valued at $599,959,000 after acquiring an additional 47,576 shares during the period. Impax Asset Management Group plc bought a new stake in shares of Crocs in the 4th quarter valued at approximately $684,000. Oppenheimer & Co. Inc. lifted its position in shares of Crocs by 39.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker’s stock worth $1,888,000 after buying an additional 4,862 shares during the period. Amica Mutual Insurance Co. acquired a new stake in Crocs in the 4th quarter valued at $333,000. Finally, Jefferies Financial Group Inc. bought a new stake in Crocs in the fourth quarter valued at $419,000. Institutional investors own 93.44% of the company’s stock.

Insider Activity

In related news, Director Ian Bickley sold 3,044 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $115.89, for a total value of $352,769.16. Following the completion of the transaction, the director now owns 27,505 shares of the company’s stock, valued at approximately $3,187,554.45. This trade represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Loop Capital upped their target price on shares of Crocs from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, April 1st. Needham & Company LLC raised their price objective on shares of Crocs from $118.00 to $129.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Barclays cut their target price on shares of Crocs from $122.00 to $119.00 and set an “overweight” rating for the company in a research note on Friday, May 9th. Piper Sandler dropped their price target on Crocs from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Finally, UBS Group boosted their price objective on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $139.79.

Crocs Stock Performance

Shares of CROX stock opened at $97.49 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. Crocs, Inc. has a 52 week low of $86.11 and a 52 week high of $165.32. The company’s 50 day moving average price is $102.08 and its two-hundred day moving average price is $104.18. The company has a market capitalization of $5.47 billion, a P/E ratio of 6.10, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.49. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The firm had revenue of $937.33 million during the quarter, compared to analyst estimates of $907.07 million. During the same period in the prior year, the business earned $3.02 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Crocs Company 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.