Kestra Investment Management LLC Invests $190,000 in Crocs, Inc. (NASDAQ:CROX)

Kestra Investment Management LLC bought a new stake in Crocs, Inc. (NASDAQ:CROX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,738 shares of the textile maker’s stock, valued at approximately $190,000.

Other large investors also recently bought and sold shares of the company. FMR LLC grew its stake in shares of Crocs by 4.8% in the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after buying an additional 406,287 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Crocs by 39.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after acquiring an additional 577,467 shares during the last quarter. State Street Corp grew its position in Crocs by 0.7% in the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock worth $262,467,000 after acquiring an additional 13,467 shares in the last quarter. Rheos Capital Works Inc. increased its stake in Crocs by 30.6% during the fourth quarter. Rheos Capital Works Inc. now owns 192,200 shares of the textile maker’s stock worth $21,052,000 after acquiring an additional 45,000 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its position in Crocs by 34.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock valued at $20,227,000 after purchasing an additional 46,890 shares during the period. Institutional investors own 93.44% of the company’s stock.

Insider Activity

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the completion of the sale, the executive vice president now owns 89,323 shares in the company, valued at $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CROX shares. Loop Capital downgraded Crocs from a “buy” rating to a “hold” rating and cut their target price for the company from $150.00 to $110.00 in a research report on Thursday, November 7th. Monness Crespi & Hardt cut their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Robert W. Baird lowered their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, February 10th. KeyCorp cut their price target on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. 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 research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Crocs presently has a consensus rating of “Moderate Buy” and an average price target of $143.53.

Crocs Price Performance

CROX opened at $108.88 on Friday. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 6.81, a PEG ratio of 1.77 and a beta of 1.93. 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 12-month low of $88.25 and a 12-month high of $165.32. The business’s fifty day simple moving average is $105.47 and its 200-day simple moving average is $118.85.

Crocs (NASDAQ:CROX) last released its quarterly earnings data 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 net margin of 23.16% and a return on equity of 46.27%. On average, equities research analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current fiscal 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.