Livforsakringsbolaget Skandia Omsesidigt Grows Stake in Crocs, Inc. (NASDAQ:CROX)

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 9.1% in the 4th quarter, Holdings Channel reports. The fund owned 19,100 shares of the textile maker’s stock after acquiring an additional 1,600 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Crocs were worth $2,092,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its holdings in shares of Crocs by 11,200.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock worth $33,000 after acquiring an additional 224 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Crocs by 64.9% in the 3rd 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 last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Crocs by 83.0% in the 3rd 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 last quarter. Avior Wealth Management LLC lifted its holdings in shares of Crocs by 109.5% in the 3rd 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 last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Crocs during the 3rd quarter worth approximately $73,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CROX shares. Needham & Company LLC started coverage on shares of Crocs in a report on Friday, November 22nd. They set a “buy” rating and a $116.00 target price on the stock. Guggenheim lowered 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. KeyCorp lowered their target price on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. UBS Group lowered their target price on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a report on Saturday, January 11th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Crocs presently has an average rating of “Moderate Buy” and an average target price of $146.47.

Insider Activity

In related news, CFO Susan L. Healy acquired 1,000 shares of Crocs stock in a transaction on Wednesday, November 13th. The shares were purchased at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the purchase, the chief financial officer now directly owns 22,652 shares of the company’s stock, valued at $2,258,404.40. The trade was a 4.62 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.72% of the company’s stock.

Crocs Price Performance

Shares of CROX stock opened at $95.52 on Friday. The company has a market capitalization of $5.57 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 1.78 and a beta of 1.93. The firm has a fifty day simple moving average of $107.31 and a 200-day simple moving average of $120.84. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. Crocs, Inc. has a twelve month low of $95.05 and a twelve month high of $165.32.

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.