Asio Capital LLC Buys 6,983 Shares of Crocs, Inc. (NASDAQ:CROX)

Asio Capital LLC grew its stake in Crocs, Inc. (NASDAQ:CROX) by 29.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,995 shares of the textile maker’s stock after purchasing an additional 6,983 shares during the period. Asio Capital LLC’s holdings in Crocs were worth $3,395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CROX. Financial Management Professionals Inc. lifted its position in Crocs by 11,200.0% in the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after buying an additional 224 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Crocs by 64.9% in the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after acquiring an additional 120 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of 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 acquiring an additional 142 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Crocs by 109.5% during the 3rd 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 period. Finally, Wilmington Savings Fund Society FSB bought a new position in Crocs during the 3rd quarter valued at about $73,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CROX shares. Loop Capital lowered Crocs from a “buy” rating to a “hold” rating and dropped their target price for the company from $150.00 to $110.00 in a research report on Thursday, November 7th. Monness Crespi & Hardt dropped their price objective on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Raymond James lowered Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Guggenheim restated a “buy” rating and issued a $155.00 price target on shares of Crocs in a report on Friday, December 6th. Finally, Barclays decreased their price objective on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Crocs has an average rating of “Moderate Buy” and a consensus price target of $146.80.

Crocs Trading Down 1.4 %

CROX opened at $103.59 on Friday. Crocs, Inc. has a 12 month low of $94.50 and a 12 month high of $165.32. The stock has a fifty day moving average price of $107.68 and a 200-day moving average price of $122.99. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 1.79 and a beta of 1.95. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82.

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

Insider Activity at Crocs

In other Crocs news, CFO Susan L. Healy acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the acquisition, the chief financial officer now owns 22,652 shares in the company, valued at approximately $2,258,404.40. This trade represents a 4.62 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John B. Replogle acquired 2,240 shares of the stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average cost of $112.60 per share, with a total value of $252,224.00. Following 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 ownership of the stock. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by corporate insiders.

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.