IQ EQ FUND MANAGEMENT IRELAND Ltd Buys 775 Shares of Crocs, Inc. (NASDAQ:CROX)

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,961 shares of the textile maker’s stock after buying an additional 775 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Crocs were worth $872,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted 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 worth $49,000 after purchasing an additional 142 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Crocs in the 3rd quarter valued at approximately $73,000. Quarry LP bought a new stake in shares of Crocs during the 3rd quarter worth approximately $104,000. Jones Financial Companies Lllp boosted its position in shares of Crocs by 38.3% during the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock worth $81,000 after acquiring an additional 206 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new position in Crocs in the fourth quarter valued at approximately $96,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CROX has been the subject of several recent analyst reports. Barclays cut their target price on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $129.00 target price on shares of Crocs in a research report on Thursday, February 13th. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Guggenheim reduced their price target on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Finally, Robert W. Baird lowered their price objective on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $143.53.

Insiders Place Their Bets

In related news, EVP Adam Michaels sold 15,000 shares of the business’s 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 transaction, the executive vice president now owns 89,323 shares in the company, valued at $9,529,870.87. The trade was a 14.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction dated Friday, February 21st. The stock was 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 $3,215,565.25. This trade represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.72% of the company’s stock.

Crocs Price Performance

Crocs stock opened at $110.59 on Friday. The stock’s 50 day moving average is $102.66 and its 200 day moving average is $113.14. Crocs, Inc. has a one year low of $88.25 and a one year high of $165.32. The firm has a market cap of $6.20 billion, a P/E ratio of 6.92, a P/E/G ratio of 1.80 and a beta of 1.84. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating analysts’ consensus estimates 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, research analysts expect that Crocs, Inc. will post 13.2 EPS for the current 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.