Caisse DE Depot ET Placement DU Quebec Boosts Stake in Crocs, Inc. (NASDAQ:CROX)

Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 215.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 372,450 shares of the textile maker's stock after purchasing an additional 254,212 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.64% of Crocs worth $40,794,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In related news, EVP Adam Michaels sold 15,000 shares of the company's 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 approximately $9,529,870.87. This represents a 14.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Shannon Sisler sold 4,659 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of the sale, the executive vice president now directly owns 29,299 shares of the company's stock, valued at $3,215,565.25. The trade was a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on CROX shares. Robert W. Baird dropped their price objective on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Guggenheim lowered their price objective on Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Barclays decreased their price objective on Crocs from $125.00 to $122.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. UBS Group boosted their price objective on Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Finally, Loop Capital upped their price target on Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $139.21.

Crocs Trading Up 11.3 %

Shares of CROX traded up $11.38 during trading hours on Thursday, hitting $112.14. 2,352,684 shares of the stock traded hands, compared to its average volume of 1,472,928. The business has a fifty day moving average of $99.45 and a 200-day moving average of $104.54. Crocs, Inc. has a 1-year low of $86.11 and a 1-year high of $165.32. The firm has a market capitalization of $6.29 billion, a PE ratio of 7.02, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46. 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 - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.48. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The business's revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.02 EPS. 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.