Harvest Fund Management Co. Ltd Invests $56,000 in Crocs, Inc. (NASDAQ:CROX)

Harvest Fund Management Co. Ltd acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 599 shares of the textile maker’s stock, valued at approximately $56,000.

A number of other hedge funds have also bought and sold shares of the stock. Byrne Asset Management LLC lifted its holdings in Crocs by 60.0% during the fourth quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 120 shares in the last quarter. Blue Trust Inc. grew its holdings 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 in the last quarter. Mendota Financial Group LLC boosted its holdings in shares of Crocs by 50.6% in the 4th 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 in the last quarter. GAMMA Investing LLC purchased a new stake in Crocs in the 4th quarter valued at $78,000. Finally, CWM LLC raised its position in Crocs by 116.9% in the 3rd quarter. CWM LLC now owns 1,063 shares of the textile maker’s stock valued at $94,000 after purchasing an additional 573 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Crocs Trading Up 1.4 %

NASDAQ CROX opened at $125.19 on Friday. The firm has a market cap of $7.60 billion, a P/E ratio of 9.64, a P/E/G ratio of 1.59 and a beta of 2.01. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 0.75. The stock’s 50-day moving average is $128.18 and its 200-day moving average is $107.18. Crocs, Inc. has a one year low of $74.00 and a one year high of $146.79.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, February 15th. The textile maker reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.20. The company had revenue of $960.10 million for the quarter, compared to analyst estimates of $958.39 million. Crocs had a return on equity of 61.97% and a net margin of 20.00%. Crocs’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.65 earnings per share. Sell-side analysts anticipate that Crocs, Inc. will post 12.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, President Michelle Poole sold 4,793 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $119.15, for a total transaction of $571,085.95. Following the completion of the transaction, the president now directly owns 64,912 shares in the company, valued at $7,734,264.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director John B. Replogle purchased 1,972 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of $126.75 per share, for a total transaction of $249,951.00. Following the completion of the purchase, the director now directly owns 3,153 shares in the company, valued at $399,642.75. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Michelle Poole sold 4,793 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $119.15, for a total value of $571,085.95. Following the completion of the transaction, the president now owns 64,912 shares of the company’s stock, valued at $7,734,264.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,867 shares of company stock worth $4,786,276. 2.69% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CROX shares. Piper Sandler increased their price objective on shares of Crocs from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. KeyCorp raised their price target on shares of Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Raymond James lifted their price objective on shares of Crocs from $120.00 to $145.00 and gave the stock a “strong-buy” rating in a report on Friday, February 16th. 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 note on Wednesday, April 10th. Finally, Stifel Nicolaus boosted their price target on shares of Crocs from $132.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.17.

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.