Crocs, Inc. (NASDAQ:CROX) Stock Holdings Raised by Alambic Investment Management L.P.

Alambic Investment Management L.P. grew its stake in Crocs, Inc. (NASDAQ:CROX) by 18.6% during the first quarter, HoldingsChannel.com reports. The firm owned 10,200 shares of the textile maker’s stock after purchasing an additional 1,600 shares during the period. Alambic Investment Management L.P.’s holdings in Crocs were worth $173,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. FMR LLC lifted its stake in Crocs by 54.2% during the first quarter. FMR LLC now owns 2,846 shares of the textile maker’s stock worth $73,000 after purchasing an additional 1,000 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of Crocs during the third quarter worth $205,000. NEXT Financial Group Inc lifted its position in shares of Crocs by 4,006.3% in the 4th quarter. NEXT Financial Group Inc now owns 1,971 shares of the textile maker’s stock worth $83,000 after buying an additional 1,923 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Crocs in the 4th quarter valued at about $373,000. Finally, Strs Ohio acquired a new position in shares of Crocs in the 4th quarter valued at about $163,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

In other Crocs news, Director Thomas J. Smach sold 40,000 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $23.57, for a total transaction of $942,800.00. Following the completion of the transaction, the director now directly owns 204,576 shares of the company’s stock, valued at approximately $4,821,856.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ian Bickley purchased 2,000 shares of the stock in a transaction dated Wednesday, March 11th. The shares were purchased at an average price of $21.54 per share, for a total transaction of $43,080.00. Following the completion of the transaction, the director now owns 89,597 shares in the company, valued at approximately $1,929,919.38. The disclosure for this purchase can be found here. Insiders have acquired a total of 20,575 shares of company stock worth $468,427 over the last 90 days. 2.42% of the stock is owned by insiders.

Shares of NASDAQ:CROX traded down $0.52 on Friday, hitting $26.71. The company’s stock had a trading volume of 974,702 shares, compared to its average volume of 1,373,177. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 2.52 and a beta of 1.82. The company has a debt-to-equity ratio of 5.34, a quick ratio of 1.35 and a current ratio of 2.18. Crocs, Inc. has a 12 month low of $8.40 and a 12 month high of $43.79. The stock’s 50-day moving average is $21.98 and its two-hundred day moving average is $31.07.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, April 23rd. The textile maker reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.14). The company had revenue of $281.16 million during the quarter, compared to analyst estimates of $295.27 million. Crocs had a return on equity of 90.72% and a net margin of 8.71%. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 EPS. Equities analysts expect that Crocs, Inc. will post 0.72 earnings per share for the current fiscal year.

A number of brokerages have commented on CROX. Loop Capital started coverage on Crocs in a research note on Tuesday, March 31st. They issued a “hold” rating and a $18.00 target price for the company. TheStreet raised Crocs from a “c” rating to a “b-” rating in a report on Thursday, February 27th. Robert W. Baird lowered their price objective on Crocs from $49.00 to $43.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. Zacks Investment Research raised Crocs from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Crocs in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. Crocs currently has a consensus rating of “Buy” and an average target price of $30.91.

Crocs Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.

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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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