Dimensional Fund Advisors LP Raises Holdings in Crocs, Inc. (NASDAQ:CROX)

Dimensional Fund Advisors LP raised its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 9.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,046,600 shares of the textile maker's stock after buying an additional 89,647 shares during the quarter. Dimensional Fund Advisors LP owned about 1.80% of Crocs worth $114,632,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Clear Harbor Asset Management LLC boosted its stake in Crocs by 3.3% in the 4th 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. lifted its stake in shares of Crocs by 1.8% in the fourth quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker's stock worth $726,000 after buying an additional 117 shares in the last quarter. Manchester Capital Management LLC lifted its stake in shares of Crocs by 9.9% in the fourth quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker's stock worth $157,000 after buying an additional 129 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock valued at $49,000 after buying an additional 142 shares during the last quarter. Finally, Riverwater Partners LLC increased its position 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 acquiring an additional 177 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Crocs Stock Performance

CROX traded up $0.32 during midday trading on Wednesday, reaching $96.42. The company had a trading volume of 1,642,970 shares, compared to its average volume of 1,473,795. The business has a 50-day moving average of $100.11 and a two-hundred day moving average of $105.98. 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, Inc. has a 1 year low of $86.11 and a 1 year high of $165.32. The company has a market cap of $5.40 billion, a P/E ratio of 6.03, a P/E/G ratio of 1.80 and a beta of 1.62.

Crocs (NASDAQ:CROX - Get Free Report) last released its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (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%. As a group, equities research analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Adam Michaels sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the transaction, the executive vice president now directly owns 89,323 shares of the company's stock, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Shannon Sisler sold 4,659 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now 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. Insiders own 2.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CROX. UBS Group increased 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. Needham & Company LLC reaffirmed a "buy" rating and set a $129.00 price target on shares of Crocs in a report on Thursday, February 13th. Guggenheim decreased their price objective 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. Robert W. Baird dropped their target price on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Finally, Piper Sandler decreased their target price on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Crocs presently has an average rating of "Moderate Buy" and a consensus target price of $140.00.

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.