UMB Bank n.a. Acquires 142 Shares of Crocs, Inc. (NASDAQ:CROX)

UMB Bank n.a. lifted its holdings in Crocs, Inc. (NASDAQ:CROX) by 46.6% in the fourth quarter, HoldingsChannel reports. The fund owned 447 shares of the textile maker’s stock after buying an additional 142 shares during the period. UMB Bank n.a.’s holdings in Crocs were worth $49,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CROX. FMR LLC lifted its stake in Crocs by 4.8% in the third quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after purchasing an additional 406,287 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Crocs by 33.8% in the third quarter. Pacer Advisors Inc. now owns 1,459,654 shares of the textile maker’s stock worth $211,372,000 after buying an additional 368,557 shares during the period. Marshall Wace LLP bought a new stake in shares of Crocs in the 2nd quarter valued at about $19,598,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Crocs during the 3rd quarter valued at about $17,122,000. Finally, Motley Fool Wealth Management LLC bought a new position in Crocs during the 3rd quarter worth approximately $9,097,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on CROX shares. Needham & Company LLC began coverage on Crocs in a research report on Friday, November 22nd. They issued a “buy” rating and a $116.00 price objective for the company. Barclays dropped their price target on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Monness Crespi & Hardt decreased their price objective on shares of Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Guggenheim reiterated a “buy” rating and issued a $155.00 price objective on shares of Crocs in a research report on Friday, December 6th. Finally, UBS Group reduced their target price on Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $146.80.

Insider Buying and Selling

In related news, Director John B. Replogle purchased 2,240 shares of the stock in a transaction dated Wednesday, October 30th. The stock was purchased at an average price of $112.60 per share, with a total value of $252,224.00. Following the transaction, the director now directly owns 9,304 shares in the company, valued at $1,047,630.40. This trade represents a 31.71 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Susan L. Healy acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the transaction, the chief financial officer now directly owns 22,652 shares in the company, valued at $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 Down 1.4 %

NASDAQ:CROX opened at $103.59 on Friday. 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’s 50-day moving average price is $107.68 and its 200-day moving average price is $123.13. The company has a market capitalization of $6.04 billion, a PE ratio of 7.51, a P/E/G ratio of 1.79 and a beta of 1.95. Crocs, Inc. has a 1-year low of $94.50 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share 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 business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company earned $3.25 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. On average, equities analysts predict that Crocs, Inc. will post 12.93 EPS 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.