Corient Private Wealth LLC Has $1.53 Million Stake in Crocs, Inc. (NASDAQ:CROX)

Corient Private Wealth LLC lowered its stake in Crocs, Inc. (NASDAQ:CROX) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,996 shares of the textile maker’s stock after selling 219 shares during the period. Corient Private Wealth LLC’s holdings in Crocs were worth $1,533,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Clear Harbor Asset Management LLC boosted its stake in shares of Crocs by 3.3% in the 4th quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker’s stock valued at $341,000 after purchasing an additional 100 shares during the last quarter. Valmark Advisers Inc. grew its holdings in Crocs by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker’s stock worth $726,000 after acquiring an additional 117 shares during the period. Manchester Capital Management LLC raised its position in shares of Crocs by 9.9% during the 4th quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker’s stock valued at $157,000 after acquiring an additional 129 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 142 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of Crocs by 38.3% in the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock worth $81,000 after purchasing an additional 206 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Stock Performance

Shares of CROX opened at $112.59 on Wednesday. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a 12 month low of $88.25 and a 12 month high of $165.32. The firm has a fifty day simple moving average of $102.39 and a 200 day simple moving average of $113.19. 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 (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Research analysts forecast that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CROX. KeyCorp cut their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Barclays decreased their price objective on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Robert W. Baird cut their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Finally, Loop Capital raised shares of Crocs from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $143.53.

Insiders Place Their Bets

In other news, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of the transaction, the executive vice president now owns 29,299 shares of the company’s stock, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $1,600,350.00. Following the completion of the sale, the executive vice president now directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Crocs 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.