TCG Advisory Services LLC Makes New $206,000 Investment in Crocs, Inc. (NASDAQ:CROX)

TCG Advisory Services LLC acquired a new stake in Crocs, Inc. (NASDAQ:CROX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,208 shares of the textile maker’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Byrne Asset Management LLC lifted its stake in Crocs by 60.0% in the fourth 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 last quarter. Blue Trust Inc. lifted its position in shares of 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 purchasing an additional 222 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Crocs during the fourth quarter worth $56,000. GAMMA Investing LLC purchased a new position in Crocs in the fourth quarter valued at $78,000. Finally, Mendota Financial Group LLC raised its stake in Crocs by 50.6% in 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 in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Price Performance

Shares of CROX opened at $126.63 on Tuesday. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 1.56 and a beta of 2.03. Crocs, Inc. has a fifty-two week low of $74.00 and a fifty-two week high of $146.79. The firm has a 50-day simple moving average of $129.26 and a 200-day simple moving average of $109.47. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.75 and a current ratio of 1.30.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Tuesday, May 7th. The textile maker reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.80. The company had revenue of $938.60 million during the quarter, compared to analysts’ expectations of $884.29 million. Crocs had a return on equity of 61.97% and a net margin of 20.00%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $2.61 EPS. On average, equities research analysts anticipate that Crocs, Inc. will post 12.44 earnings per share for the current year.

Insider Buying and Selling at Crocs

In other news, Director Ian Bickley sold 16,785 shares of Crocs stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $120.05, for a total value of $2,015,039.25. Following the sale, the director now owns 31,815 shares of the company’s stock, valued at $3,819,390.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Ian Bickley sold 16,785 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $120.05, for a total value of $2,015,039.25. Following the completion of the sale, the director now directly owns 31,815 shares of the company’s stock, valued at approximately $3,819,390.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michelle Poole sold 4,793 shares of Crocs 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 sale, the president now owns 64,912 shares in the company, valued at $7,734,264.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,867 shares of company stock valued at $4,786,276. 2.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CROX has been the subject of several analyst reports. KeyCorp upped their price objective on Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Raymond James increased their price target on shares of Crocs from $120.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Friday, February 16th. Bank of America boosted their price objective on shares of Crocs from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. UBS Group increased their target price on shares of Crocs from $117.00 to $124.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. Finally, Williams Trading reissued a “hold” rating and issued a $125.00 price target (down from $135.00) on shares of Crocs in a research report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Crocs currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.64.

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.