Ethic Inc. Takes $283,000 Position in Crocs, Inc. (NASDAQ:CROX)

Ethic Inc. purchased a new position in Crocs, Inc. (NASDAQ:CROX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,581 shares of the textile maker's stock, valued at approximately $283,000.

A number of other large investors have also bought and sold shares of the stock. Ensign Peak Advisors Inc increased its stake in shares of Crocs by 124.4% during the fourth quarter. Ensign Peak Advisors Inc now owns 98,979 shares of the textile maker's stock valued at $10,841,000 after buying an additional 54,868 shares during the period. Deutsche Bank AG increased its stake in shares of Crocs by 30.6% during the fourth quarter. Deutsche Bank AG now owns 4,585 shares of the textile maker's stock valued at $502,000 after buying an additional 1,074 shares during the period. Cetera Investment Advisers increased its stake in shares of Crocs by 53.8% during the fourth quarter. Cetera Investment Advisers now owns 19,750 shares of the textile maker's stock valued at $2,163,000 after buying an additional 6,908 shares during the period. Baird Financial Group Inc. increased its stake in shares of Crocs by 5.3% during the fourth quarter. Baird Financial Group Inc. now owns 239,833 shares of the textile maker's stock valued at $26,269,000 after buying an additional 12,067 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Crocs by 4.3% during the fourth quarter. Ameriprise Financial Inc. now owns 168,730 shares of the textile maker's stock valued at $18,483,000 after buying an additional 6,970 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CROX has been the topic of several research analyst reports. Needham & Company LLC boosted their target price on Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Barclays reduced their target price on Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Robert W. Baird reduced their target price on Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. UBS Group boosted their target price on Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus dropped their price target on Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $139.79.

Crocs Stock Down 2.8%

Crocs stock traded down $3.09 during mid-day trading on Friday, hitting $108.29. The company had a trading volume of 1,608,274 shares, compared to its average volume of 1,507,290. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The stock's 50 day moving average price is $102.64 and its two-hundred day moving average price is $104.01. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $165.32. The company has a market capitalization of $6.07 billion, a PE ratio of 6.77, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46.

Crocs (NASDAQ:CROX - Get Free Report) last released its earnings results on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, topping 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 business had revenue of $937.33 million for the quarter, compared to the consensus estimate of $907.07 million. During the same period in the previous year, the company posted $3.02 earnings per share. The company's revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Crocs news, Director Ian Bickley sold 3,044 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $115.89, for a total value of $352,769.16. Following the sale, the director now directly owns 27,505 shares of the company's stock, valued at approximately $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.00% of the company's stock.

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.