Compagnie Lombard Odier SCmA Invests $58,000 in Crocs, Inc. (NASDAQ:CROX)

Compagnie Lombard Odier SCmA purchased a new position in shares of Crocs, Inc. (NASDAQ:CROX) in the first quarter, Holdings Channel.com reports. The fund purchased 550 shares of the textile maker’s stock, valued at approximately $58,000.

A number of other institutional investors also recently modified their holdings of the business. Assenagon Asset Management S.A. acquired a new position in shares of Crocs during the 1st quarter worth $367,000. GAMMA Investing LLC raised its holdings in shares of Crocs by 60.5% during the 1st quarter. GAMMA Investing LLC now owns 1,361 shares of the textile maker’s stock worth $145,000 after buying an additional 513 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Crocs by 517.8% during the 1st quarter. Farther Finance Advisors LLC now owns 3,719 shares of the textile maker’s stock worth $406,000 after buying an additional 3,117 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Crocs by 43.6% during the 1st quarter. UMB Bank n.a. now owns 642 shares of the textile maker’s stock worth $68,000 after buying an additional 195 shares in the last quarter. Finally, CMC Financial Group acquired a new position in shares of Crocs during the 1st quarter worth $391,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Buying and Selling at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $115.89, for a total value of $352,769.16. Following the sale, the director now owns 27,505 shares in the company, valued at approximately $3,187,554.45. The trade was a 9.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CROX shares. Piper Sandler lowered their price target on Crocs from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Needham & Company LLC boosted their price target on Crocs from $118.00 to $129.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Stifel Nicolaus reduced their price objective on Crocs from $138.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Wall Street Zen lowered Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Loop Capital boosted their price objective on Crocs from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $139.79.

Crocs Trading Down 6.0%

NASDAQ CROX opened at $97.49 on Friday. The business’s 50-day moving average price is $102.08 and its two-hundred day moving average price is $104.19. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $165.32. The firm has a market capitalization of $5.47 billion, a PE ratio of 6.10, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. 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 released its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.49. Crocs had a return on equity of 46.27% and a net margin of 23.16%. The firm had revenue of $937.33 million for the quarter, compared to analyst estimates of $907.07 million. During the same quarter in the previous year, the company posted $3.02 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, analysts expect that Crocs, Inc. will post 13.2 EPS for the current 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.