Capital Research Global Investors Acquires New Shares in Crocs, Inc. (NASDAQ:CROX)

Capital Research Global Investors acquired a new position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 107,501 shares of the textile maker's stock, valued at approximately $11,775,000. Capital Research Global Investors owned 0.18% of Crocs as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CROX. Vanguard Group Inc. increased its stake in Crocs by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock valued at $599,959,000 after buying an additional 47,576 shares during the last quarter. Pacer Advisors Inc. increased its stake in Crocs by 39.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock valued at $223,126,000 after buying an additional 577,467 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Crocs by 1,516.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock valued at $145,299,000 after buying an additional 1,244,480 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Crocs by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker's stock valued at $116,644,000 after acquiring an additional 15,037 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Crocs by 9.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,046,600 shares of the textile maker's stock valued at $114,632,000 after acquiring an additional 89,647 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other 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 owns 29,299 shares in the company, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of Crocs 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 in the company, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company's stock.

Crocs Price Performance

Crocs stock traded down $1.05 during mid-day trading on Friday, reaching $97.68. 1,302,505 shares of the company were exchanged, compared to its average volume of 1,471,015. The company has a fifty day simple moving average of $100.66 and a 200-day simple moving average of $106.36. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $165.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The firm has a market cap of $5.48 billion, a PE ratio of 6.11, a PEG ratio of 1.80 and a beta of 1.62.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping analysts' consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. As a group, equities research analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on CROX. Bank of America lifted their price objective on shares of Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research report on Friday, February 14th. StockNews.com downgraded shares of Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. UBS Group lifted their price objective on shares of Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $129.00 target price on shares of Crocs in a report on Thursday, February 13th. Finally, Guggenheim reduced their target price on shares of Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $140.00.

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.