Treasurer of the State of North Carolina Boosts Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Treasurer of the State of North Carolina increased its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,344 shares of the textile maker's stock after acquiring an additional 3,295 shares during the quarter. Treasurer of the State of North Carolina owned about 0.07% of Crocs worth $4,200,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Crocs by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock worth $599,959,000 after buying an additional 47,576 shares during the period. Empowered Funds LLC grew its holdings in Crocs by 42.0% in the fourth quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker's stock worth $8,450,000 after purchasing an additional 22,809 shares during the period. State of Alaska Department of Revenue increased its stake in Crocs by 129.8% in the fourth quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker's stock valued at $2,373,000 after purchasing an additional 12,245 shares in the last quarter. Impax Asset Management Group plc acquired a new position in shares of Crocs during the fourth quarter valued at about $684,000. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Crocs by 39.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker's stock worth $1,888,000 after purchasing an additional 4,862 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CROX shares. KeyCorp dropped their price target on Crocs from $150.00 to $120.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. UBS Group increased their target price on Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Robert W. Baird decreased their price target 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. Piper Sandler dropped their price objective on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Barclays lowered their target price on shares of Crocs from $125.00 to $122.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Crocs currently has a consensus rating of "Moderate Buy" and an average target price of $140.00.

Insider Buying and Selling

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

Crocs Stock Performance

NASDAQ CROX traded down $2.37 during trading hours on Monday, reaching $88.36. 209,633 shares of the company were exchanged, compared to its average volume of 1,454,722. Crocs, Inc. has a 1 year low of $86.11 and a 1 year high of $165.32. The business's 50 day simple moving average is $101.62 and its 200-day simple moving average is $107.83. The stock has a market capitalization of $4.95 billion, a P/E ratio of 5.54, a P/E/G ratio of 1.80 and a beta of 1.62. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating analysts' consensus estimates 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 research analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current year.

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.