Nordea Investment Management AB Raises Holdings in Crocs, Inc. (NASDAQ:CROX)

Nordea Investment Management AB lifted its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,753 shares of the textile maker’s stock after buying an additional 1,816 shares during the period. Nordea Investment Management AB’s holdings in Crocs were worth $5,156,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Crossmark Global Holdings Inc. lifted its position in Crocs by 55.8% in the third quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock valued at $5,820,000 after purchasing an additional 14,387 shares during the period. Meeder Asset Management Inc. lifted its position in Crocs by 585.5% in the third quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock valued at $3,526,000 after purchasing an additional 20,797 shares during the period. Catalyst Capital Advisors LLC lifted its position in shares of Crocs by 2,775.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock valued at $1,145,000 after acquiring an additional 7,633 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Crocs during the 3rd quarter valued at approximately $2,024,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Crocs during the 3rd quarter valued at approximately $2,076,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Monness Crespi & Hardt dropped their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Guggenheim reaffirmed a “buy” rating and issued a $155.00 target price on shares of Crocs in a research note on Friday, December 6th. Loop Capital cut shares of Crocs from a “buy” rating to a “hold” rating and lowered their target price for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. Barclays lowered their target price on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Finally, Needham & Company LLC initiated coverage on shares of Crocs in a research note on Friday, November 22nd. They issued a “buy” rating and a $116.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.80.

Insiders Place Their Bets

In related news, Director John B. Replogle bought 2,240 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was bought at an average price of $112.60 per share, with a total value of $252,224.00. Following the transaction, the director now owns 9,304 shares of the company’s stock, valued at approximately $1,047,630.40. This trade represents a 31.71 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Susan L. Healy bought 1,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was bought at an average cost of $99.70 per share, with a total value of $99,700.00. Following the transaction, the chief financial officer now directly owns 22,652 shares in the company, valued at approximately $2,258,404.40. The trade was a 4.62 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by company insiders.

Crocs Stock Performance

Shares of CROX stock opened at $110.04 on Friday. Crocs, Inc. has a 12 month low of $94.50 and a 12 month high of $165.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. The firm has a market capitalization of $6.41 billion, a P/E ratio of 7.98, a P/E/G ratio of 1.14 and a beta of 1.95. The company’s fifty day moving average price is $107.34 and its two-hundred day moving average price is $126.47.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the business posted $3.25 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, research analysts anticipate that Crocs, Inc. will post 12.93 earnings per share for the current fiscal 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.