Impax Asset Management Group plc Buys New Position in Crocs, Inc. (NASDAQ:CROX)

Impax Asset Management Group plc bought a new stake in Crocs, Inc. (NASDAQ:CROX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,241 shares of the textile maker’s stock, valued at approximately $684,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CROX. UMB Bank n.a. grew its position in Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 142 shares during the last quarter. Avior Wealth Management LLC grew its position in Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after acquiring an additional 208 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Crocs during the third quarter valued at approximately $73,000. Quarry LP bought a new position in Crocs during the third quarter valued at approximately $104,000. Finally, Huntington National Bank grew its position in Crocs by 178.5% during the third quarter. Huntington National Bank now owns 738 shares of the textile maker’s stock valued at $107,000 after acquiring an additional 473 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Crocs

In other news, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction dated Friday, February 21st. The stock was 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 owns 29,299 shares of the company’s stock, valued at $3,215,565.25. The trade was a 13.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the transaction, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Monness Crespi & Hardt cut their target price on shares of Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Guggenheim cut their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Loop Capital cut shares of Crocs from a “buy” rating to a “hold” rating and cut their target price for the stock from $150.00 to $110.00 in a report on Thursday, November 7th. Barclays cut their target price on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, Robert W. Baird cut their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.53.

Crocs Stock Performance

Shares of Crocs stock opened at $103.15 on Wednesday. The business has a fifty day simple moving average of $105.16 and a two-hundred day simple moving average of $118.26. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $5.78 billion, a P/E ratio of 6.45, a P/E/G ratio of 1.80 and a beta of 1.93. Crocs, Inc. has a 12 month low of $88.25 and a 12 month high of $165.32.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. On average, equities analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

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.