Ensign Peak Advisors Inc Increases Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Ensign Peak Advisors Inc lifted its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 124.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,979 shares of the textile maker's stock after purchasing an additional 54,868 shares during the quarter. Ensign Peak Advisors Inc owned 0.17% of Crocs worth $10,841,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CROX. 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 worth $49,000 after purchasing an additional 142 shares in the last quarter. Allianz SE purchased a new stake in Crocs in the fourth quarter worth approximately $53,000. TD Waterhouse Canada Inc. boosted its stake in Crocs by 425.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker's stock worth $74,000 after buying an additional 549 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Crocs by 38.3% in the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock worth $81,000 after buying an additional 206 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in Crocs in the fourth quarter worth approximately $96,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CROX shares. KeyCorp dropped their price objective on Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. StockNews.com lowered Crocs from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Loop Capital raised 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. UBS Group raised their price target on Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Finally, Bank of America raised their price target on Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.79.

Crocs Stock Up 0.2%

Shares of Crocs stock traded up $0.28 on Friday, reaching $117.55. The company's stock had a trading volume of 923,854 shares, compared to its average volume of 1,493,199. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 7.35, a P/E/G ratio of 1.80 and a beta of 1.46. The firm's fifty day simple moving average is $101.21 and its two-hundred day simple moving average is $103.79. Crocs, Inc. has a 52 week low of $86.11 and a 52 week high of $165.32. 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 released its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, beating the consensus estimate of $2.51 by $0.49. Crocs had a return on equity of 46.27% and a net margin of 23.16%. The company had revenue of $937.33 million for the quarter, compared to analysts' expectations of $907.07 million. During the same period last year, the firm posted $3.02 earnings per share. Crocs's revenue was down .1% compared to the same quarter last year. Equities analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current year.

Insider Activity at Crocs

In related news, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares of the company's stock, valued at $3,215,565.25. This trade represents a 13.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $1,600,350.00. Following the completion of the transaction, the executive vice president now directly owns 89,323 shares in the company, valued at $9,529,870.87. The trade was a 14.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,703 shares of company stock valued at $2,464,444 over the last ninety days. Insiders own 2.72% of the company's stock.

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.