Daiwa Securities Group Inc. Purchases 705 Shares of Crocs, Inc. (NASDAQ:CROX)

Daiwa Securities Group Inc. boosted its position in shares of Crocs, Inc. (NASDAQ:CROX) by 23.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,770 shares of the textile maker’s stock after acquiring an additional 705 shares during the period. Daiwa Securities Group Inc.’s holdings in Crocs were worth $352,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Byrne Asset Management LLC raised its stake in Crocs by 60.0% during the 4th quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock worth $30,000 after acquiring an additional 120 shares during the period. Blue Trust Inc. raised its stake in Crocs by 185.0% during the 4th quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock worth $32,000 after acquiring an additional 222 shares during the period. Mendota Financial Group LLC raised its position in shares of Crocs by 50.6% during the fourth quarter. Mendota Financial Group LLC now owns 810 shares of the textile maker’s stock valued at $76,000 after buying an additional 272 shares during the last quarter. CWM LLC raised its position in shares of Crocs by 116.9% during the third quarter. CWM LLC now owns 1,063 shares of the textile maker’s stock valued at $94,000 after buying an additional 573 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of Crocs during the third quarter valued at approximately $124,000. Institutional investors own 93.44% of the company’s stock.

Insider Transactions at Crocs

In other Crocs news, Director John B. Replogle bought 1,972 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of $126.75 per share, for a total transaction of $249,951.00. Following the completion of the transaction, the director now owns 3,153 shares in the company, valued at $399,642.75. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Ian Bickley sold 3,215 shares of Crocs stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $118.57, for a total transaction of $381,202.55. Following the completion of the sale, the director now directly owns 28,600 shares in the company, valued at $3,391,102. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John B. Replogle bought 1,972 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $126.75 per share, with a total value of $249,951.00. Following the completion of the transaction, the director now owns 3,153 shares of the company’s stock, valued at approximately $399,642.75. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 39,867 shares of company stock worth $4,786,276. 2.69% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CROX. Bank of America lifted their price objective on shares of Crocs from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. B. Riley lifted their price objective on shares of Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Barclays began coverage on shares of Crocs in a research report on Monday, April 1st. They set an “overweight” rating and a $167.00 price objective on the stock. Raymond James lifted their price objective on shares of Crocs from $120.00 to $145.00 and gave the company a “strong-buy” rating in a research report on Friday, February 16th. Finally, OTR Global upgraded shares of Crocs from a “mixed” rating to a “positive” rating in a research report on Thursday, April 11th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $145.17.

Crocs Stock Up 1.5 %

NASDAQ CROX opened at $125.40 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. The company has a fifty day moving average of $128.31 and a two-hundred day moving average of $107.46. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 1.59 and a beta of 2.01. Crocs, Inc. has a 52 week low of $74.00 and a 52 week high of $146.79.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, February 15th. The textile maker reported $2.58 EPS for the quarter, topping the consensus estimate of $2.38 by $0.20. The company had revenue of $960.10 million during the quarter, compared to analyst estimates of $958.39 million. Crocs had a net margin of 20.00% and a return on equity of 61.97%. Crocs’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.65 earnings per share. On average, analysts predict that Crocs, Inc. will post 12.44 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.