KLP Kapitalforvaltning AS Acquires Shares of 15,200 Crocs, Inc. (NASDAQ:CROX)

KLP Kapitalforvaltning AS bought a new position in Crocs, Inc. (NASDAQ:CROX) in the 4th quarter, Holdings Channel.com reports. The firm bought 15,200 shares of the textile maker’s stock, valued at approximately $1,665,000.

A number of other large investors have also modified their holdings of the stock. UMB Bank n.a. lifted its holdings in Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after buying an additional 142 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Crocs in the third quarter valued at about $73,000. Jones Financial Companies Lllp grew its stake in Crocs by 38.3% during the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock valued at $81,000 after purchasing an additional 206 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in Crocs during the 4th quarter worth approximately $96,000. Finally, Quarry LP acquired a new position in shares of Crocs in the 3rd quarter valued at approximately $104,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the sale, the executive vice president now owns 89,323 shares of the company’s stock, valued at $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following 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 position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CROX has been the subject of a number of recent analyst reports. Guggenheim decreased their price target on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Bank of America raised their price objective on shares of Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Needham & Company LLC restated a “buy” rating and issued a $129.00 target price on shares of Crocs in a research note on Thursday, February 13th. UBS Group lifted their price target on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Finally, Barclays cut their price objective on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.53.

Crocs Stock Down 4.2 %

Crocs stock opened at $105.99 on Friday. The firm has a market capitalization of $5.94 billion, a P/E ratio of 6.63, a P/E/G ratio of 1.80 and a beta of 1.84. The company has a 50-day simple moving average of $102.78 and a 200-day simple moving average of $113.01. Crocs, Inc. has a one year low of $88.25 and a one year high of $165.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18.

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