Empowered Funds LLC Increases Position in Crocs, Inc. (NASDAQ:CROX)

Empowered Funds LLC raised its position in shares of Crocs, Inc. (NASDAQ:CROX) by 42.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,152 shares of the textile maker’s stock after buying an additional 22,809 shares during the period. Empowered Funds LLC’s holdings in Crocs were worth $8,450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Management Professionals Inc. boosted its holdings in Crocs by 11,200.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 224 shares during the period. UMB Bank n.a. lifted its position in shares of Crocs by 64.9% during the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after purchasing an additional 120 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Crocs by 83.0% in the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 142 shares during the period. Avior Wealth Management LLC grew its holdings in shares of Crocs by 109.5% in the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after purchasing an additional 208 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Crocs during the 3rd quarter worth approximately $73,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CROX. Loop Capital downgraded shares of Crocs from a “buy” rating to a “hold” rating and dropped their price target for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. Guggenheim cut their price target on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Monness Crespi & Hardt decreased their price objective on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Barclays cut their target price on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Finally, Raymond James downgraded shares of Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $146.47.

Insider Buying and Selling at Crocs

In other Crocs news, CFO Susan L. Healy acquired 1,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were bought at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the purchase, the chief financial officer now owns 22,652 shares in the company, valued at $2,258,404.40. This trade represents a 4.62 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.72% of the stock is owned by company insiders.

Crocs Stock Down 2.3 %

Crocs stock opened at $93.37 on Monday. The company has a market capitalization of $5.44 billion, a P/E ratio of 6.77, a PEG ratio of 1.67 and a beta of 1.93. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. Crocs, Inc. has a fifty-two week low of $92.39 and a fifty-two week high of $165.32. The stock has a 50-day simple moving average of $107.06 and a 200-day simple moving average of $120.43.

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.