Olympiad Research LP Purchases New Holdings in Crocs, Inc. (NASDAQ:CROX)

Olympiad Research LP acquired a new position in Crocs, Inc. (NASDAQ:CROX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,158 shares of the textile maker’s stock, valued at approximately $236,000.

Other institutional investors have also added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of Crocs by 7.6% in the third quarter. Creative Planning now owns 5,388 shares of the textile maker’s stock worth $780,000 after buying an additional 382 shares during the period. Private Advisor Group LLC boosted its stake in shares of Crocs by 23.2% during the third quarter. Private Advisor Group LLC now owns 19,044 shares of the textile maker’s stock valued at $2,758,000 after purchasing an additional 3,584 shares during the period. International Assets Investment Management LLC bought a new position in shares of Crocs in the third quarter worth about $2,076,000. Wealth Enhancement Advisory Services LLC increased its stake in Crocs by 69.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,224 shares of the textile maker’s stock worth $1,191,000 after buying an additional 3,364 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Crocs by 477.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 11,246 shares of the textile maker’s stock valued at $1,614,000 after buying an additional 9,300 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

CROX has been the topic of a number of research analyst reports. Raymond James downgraded shares of Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Monness Crespi & Hardt dropped their price objective on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Bank of America lifted their target price on Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Barclays dropped their price target on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Finally, UBS Group lifted their price objective on Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Crocs currently has an average rating of “Moderate Buy” and a consensus target price of $143.53.

Insider Activity

In other news, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction on Tuesday, February 18th. The shares were 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 directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of the transaction, the executive vice president now directly owns 29,299 shares in the company, valued at approximately $3,215,565.25. The trade was a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company’s stock.

Crocs Price Performance

Shares of CROX opened at $107.60 on Monday. The company has a 50 day moving average of $105.39 and a two-hundred day moving average of $118.65. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. Crocs, Inc. has a twelve month low of $88.25 and a twelve month high of $165.32. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 1.80 and a beta of 1.93.

Crocs (NASDAQ:CROX) last posted 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 return on equity of 46.27% and a net margin of 23.16%. As a group, analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Crocs Company 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.