Firestone Capital Management Has $220,000 Stake in Crocs, Inc. (NASDAQ:CROX)

Firestone Capital Management trimmed its position in shares of Crocs, Inc. (NASDAQ:CROX) by 11.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,354 shares of the textile maker’s stock after selling 300 shares during the quarter. Firestone Capital Management’s holdings in Crocs were worth $220,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Byrne Asset Management LLC raised its position in shares of Crocs by 60.0% during the fourth quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock worth $30,000 after purchasing an additional 120 shares during the period. Treasurer of the State of North Carolina raised its position in Crocs by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 26,720 shares of the textile maker’s stock valued at $2,358,000 after buying an additional 140 shares during the last quarter. Nordea Investment Management AB raised its position in Crocs by 0.4% in the 3rd quarter. Nordea Investment Management AB now owns 37,802 shares of the textile maker’s stock valued at $3,362,000 after buying an additional 145 shares during the last quarter. SkyView Investment Advisors LLC raised its position in Crocs by 5.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 3,135 shares of the textile maker’s stock valued at $276,000 after buying an additional 149 shares during the last quarter. Finally, Community Bank N.A. raised its position in Crocs by 16.9% in the 4th quarter. Community Bank N.A. now owns 1,035 shares of the textile maker’s stock valued at $97,000 after buying an additional 150 shares during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Price Performance

NASDAQ CROX traded down $3.32 during trading hours on Tuesday, hitting $124.37. The company had a trading volume of 751,690 shares, compared to its average volume of 1,386,014. Crocs, Inc. has a 52 week low of $74.00 and a 52 week high of $146.79. The firm has a 50 day simple moving average of $128.48 and a 200 day simple moving average of $108.06. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.75 and a current ratio of 1.30. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 1.58 and a beta of 2.01.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, February 15th. The textile maker reported $2.58 EPS for the quarter, topping the consensus estimate of $2.38 by $0.20. Crocs had a return on equity of 61.97% and a net margin of 20.00%. The business had revenue of $960.10 million during the quarter, compared to the consensus estimate of $958.39 million. During the same quarter last year, the company earned $2.65 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. Equities research analysts expect that Crocs, Inc. will post 12.44 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on CROX shares. OTR Global raised Crocs from a “mixed” rating to a “positive” rating in a research report on Thursday, April 11th. KeyCorp upped their price objective on Crocs from $130.00 to $149.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Williams Trading restated a “hold” rating and issued a $125.00 price objective (down previously from $135.00) on shares of Crocs in a research note on Tuesday, April 16th. Piper Sandler upped their price objective on Crocs from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Finally, Barclays began coverage on Crocs in a research note on Monday, April 1st. They issued an “overweight” rating and a $167.00 price objective for the company. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Crocs currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.55.

Insider Buying and Selling at Crocs

In other Crocs news, President Michelle Poole sold 4,793 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $119.15, for a total value of $571,085.95. Following the sale, the president now owns 64,912 shares of the company’s stock, valued at approximately $7,734,264.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director John B. Replogle acquired 1,972 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average cost of $126.75 per share, with a total value of $249,951.00. Following the acquisition, the director now owns 3,153 shares in the company, valued at approximately $399,642.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michelle Poole sold 4,793 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $119.15, for a total transaction of $571,085.95. Following 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. Insiders have sold a total of 39,867 shares of company stock valued at $4,786,276 in the last 90 days. Corporate insiders own 2.69% 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.