AQR Capital Management LLC Decreases Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

AQR Capital Management LLC lessened its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,240 shares of the textile maker's stock after selling 2,869 shares during the period. AQR Capital Management LLC owned about 0.11% of Crocs worth $7,214,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CROX. Clear Harbor Asset Management LLC lifted its stake in shares of Crocs by 3.3% during the fourth quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker's stock worth $341,000 after purchasing an additional 100 shares in the last quarter. Valmark Advisers Inc. raised its holdings in shares of Crocs by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker's stock valued at $726,000 after buying an additional 117 shares during the period. Manchester Capital Management LLC lifted its position in Crocs by 9.9% during the 4th quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker's stock worth $157,000 after acquiring an additional 129 shares in the last quarter. UMB Bank n.a. boosted its holdings in Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock worth $49,000 after acquiring an additional 142 shares during the period. Finally, Riverwater Partners LLC raised its stake in shares of Crocs by 0.9% during the fourth quarter. Riverwater Partners LLC now owns 19,974 shares of the textile maker's stock valued at $2,188,000 after purchasing an additional 177 shares during the period. Institutional investors and hedge funds own 93.44% of the company's stock.

Insiders Place Their Bets

In related news, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction on Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the transaction, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. The trade was a 13.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Adam Michaels sold 15,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the transaction, the executive vice president now owns 89,323 shares of the company's stock, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by company insiders.

Crocs Stock Up 2.0 %

CROX opened at $100.76 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The company has a market capitalization of $5.65 billion, a PE ratio of 6.30, a P/E/G ratio of 1.80 and a beta of 1.46. The stock's fifty day moving average is $99.45 and its 200-day moving average is $104.54. Crocs, Inc. has a one year low of $86.11 and a one year high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. On average, equities analysts predict that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CROX. Loop Capital upped their target price on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Robert W. Baird lowered their target price on Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Barclays reduced their price target on Crocs from $125.00 to $122.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Piper Sandler dropped their price objective on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, UBS Group upped their target price on shares of Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $139.21.

About Crocs

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.

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