Livforsakringsbolaget Skandia Omsesidigt Buys 1,600 Shares of Crocs, Inc. (NASDAQ:CROX)

Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 9.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 19,100 shares of the textile maker’s stock after purchasing an additional 1,600 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Crocs were worth $2,092,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CROX. Financial Management Professionals Inc. increased its position in shares of Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after buying an additional 224 shares during the period. UMB Bank n.a. lifted its stake in Crocs by 64.9% in the third 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 period. V Square Quantitative Management LLC lifted its stake in Crocs by 83.0% in the third 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 period. Avior Wealth Management LLC lifted its stake in Crocs by 109.5% in the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after acquiring an additional 208 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Crocs in the third quarter worth $73,000. 93.44% of the stock is owned by institutional investors.

Crocs Stock Down 1.5 %

Shares of NASDAQ CROX opened at $95.52 on Friday. The company has a market cap of $5.57 billion, a P/E ratio of 6.93, a PEG ratio of 1.78 and a beta of 1.93. The firm has a 50-day simple moving average of $107.31 and a two-hundred day simple moving average of $120.84. Crocs, Inc. has a 1 year low of $95.05 and a 1 year high of $165.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90.

Insider Transactions at Crocs

In other Crocs news, CFO Susan L. Healy acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average cost of $99.70 per share, with a total value of $99,700.00. Following the completion of the acquisition, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. This represents a 4.62 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CROX. Needham & Company LLC began coverage on Crocs in a research note on Friday, November 22nd. They issued a “buy” rating and a $116.00 price target for the company. KeyCorp decreased their price objective on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Barclays decreased their price objective on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Guggenheim dropped their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Robert W. Baird dropped their price objective on Crocs from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Crocs currently has an average rating of “Moderate Buy” and an average price target of $146.47.

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.