Yousif Capital Management LLC Reduces Holdings in Crocs, Inc. (NASDAQ:CROX)

Yousif Capital Management LLC lessened its holdings in Crocs, Inc. (NASDAQ:CROX) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,744 shares of the textile maker’s stock after selling 344 shares during the period. Yousif Capital Management LLC’s holdings in Crocs were worth $2,685,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. CWM LLC lifted its position in shares of Crocs by 116.9% in the third quarter. CWM LLC now owns 1,063 shares of the textile maker’s stock valued at $94,000 after acquiring an additional 573 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Crocs by 824.6% during the 3rd quarter. SG Americas Securities LLC now owns 10,707 shares of the textile maker’s stock worth $945,000 after purchasing an additional 9,549 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Crocs by 6.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 22,023 shares of the textile maker’s stock worth $1,943,000 after purchasing an additional 1,241 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Crocs by 512.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 27,020 shares of the textile maker’s stock worth $2,384,000 after buying an additional 22,605 shares in the last quarter. Finally, Pinnacle Associates Ltd. acquired a new position in shares of Crocs in the third quarter valued at approximately $4,635,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director John B. Replogle purchased 1,972 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average price of $126.75 per share, for a total transaction of $249,951.00. Following the acquisition, the director now directly owns 3,153 shares in the company, valued at $399,642.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director John B. Replogle acquired 1,972 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of $126.75 per share, for a total transaction of $249,951.00. Following the acquisition, the director now directly owns 3,153 shares of the company’s stock, valued at approximately $399,642.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel P. Hart sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $118.48, for a total value of $1,184,800.00. Following the sale, the executive vice president now owns 219,293 shares of the company’s stock, valued at $25,981,834.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,867 shares of company stock valued at $4,786,276. Corporate insiders own 2.69% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. KeyCorp raised their target price on shares of Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. OTR Global upgraded Crocs from a “mixed” rating to a “positive” rating in a report on Thursday, April 11th. Raymond James upped their target price on Crocs from $120.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Friday, February 16th. Barclays began coverage on Crocs in a research note on Monday, April 1st. They issued an “overweight” rating and a $167.00 price target on the stock. Finally, Piper Sandler upped their price objective on shares of Crocs from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.55.

Crocs Price Performance

Crocs stock opened at $127.69 on Tuesday. The firm has a fifty day moving average of $128.48 and a 200-day moving average of $108.06. Crocs, Inc. has a 52-week low of $74.00 and a 52-week high of $146.79. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $7.75 billion, a P/E ratio of 9.97, a PEG ratio of 1.58 and a beta of 2.01.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, February 15th. The textile maker reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.20. Crocs had a return on equity of 61.97% and a net margin of 20.00%. The firm had revenue of $960.10 million during the quarter, compared to the consensus estimate of $958.39 million. During the same period in the prior year, the firm earned $2.65 EPS. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, analysts predict that Crocs, Inc. will post 12.44 EPS for the current 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.