Bryce Point Capital LLC Acquires New Holdings in Crocs, Inc. (NASDAQ:CROX)

Bryce Point Capital LLC bought a new position in shares of Crocs, Inc. (NASDAQ:CROX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,732 shares of the textile maker’s stock, valued at approximately $1,614,000.

Several other institutional investors also recently modified their holdings of the stock. UMB Bank n.a. grew its position in Crocs by 46.6% during the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after acquiring an additional 142 shares during the last quarter. Allianz SE bought a new stake in shares of Crocs during the fourth quarter worth about $53,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Crocs in the third quarter valued at approximately $73,000. Jones Financial Companies Lllp boosted its position in 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 buying an additional 206 shares during the period. Finally, Whipplewood Advisors LLC bought a new stake in Crocs during the 4th quarter worth approximately $96,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Stock Performance

NASDAQ CROX opened at $109.14 on Wednesday. The company has a market cap of $6.12 billion, a P/E ratio of 6.83, a PEG ratio of 1.80 and a beta of 1.84. The company has a fifty day simple moving average of $103.02 and a 200 day simple moving average of $112.52. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. Crocs, Inc. has a 12-month low of $88.25 and a 12-month high of $165.32.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share (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%. Sell-side analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CROX. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Loop Capital lifted their target price on Crocs from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday. UBS Group increased their price target on Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Robert W. Baird cut their price objective on Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Finally, Barclays decreased their target price on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.53.

Insider Activity

In other Crocs 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 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction that occurred on 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 approximately $3,215,565.25. This represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company’s stock.

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.