Jpmorgan Chase & Co. is Buying Crocs Inc. (NASDAQ:CROX) Shares


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Crocs Inc. (NASDAQ:CROX) reported that Jpmorgan Chase & Co. has picked up 595,003 of common stock as of 2017-06-06.

The acquisition brings the aggregate amount owned by Jpmorgan Chase & Co. to a total of 595,003 representing less than 0.8% stake in the company.

For those not familiar with the company, Crocs, Inc. is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Company’s segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials. Its Croslite material enables the Company to produce non-marking, and odor-resistant footwear. As of December 31, 2016, the Company sold its products in over 90 countries through domestic and international retailers and distributors, and directly to consumers through its company-operated retail stores, outlets, e-commerce store sites and kiosks. The Company’s sales channels include wholesale, which includes distributors, Crocs owned retail and Crocs e-commerce.

A glance at Crocs Inc. (NASDAQ:CROX)’s key stats reveals a current market capitalization of 492.15 Million based on 74.08 Million shares outstanding and a price at last close of $6.75 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-08-24, Teffner picked up 7,500 at a purchase price of $8.85. This brings their total holding to 349,188 as of the date of the filing.

On the sell side, the most recent transaction saw Lasher unload 3,087 shares at a sale price of $15.60. This brings their total holding to 151,884.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Crocs Inc. (NASDAQ:CROX) as things move forward to see if its progress aligns with these transactions.

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