Crocs, Inc. (NASDAQ:CROX) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 61.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 244,755 shares of the textile maker's stock after selling 390,186 shares during the period. Bank of America Corp DE owned 0.42% of Crocs worth $26,808,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Clear Harbor Asset Management LLC boosted its stake in Crocs by 3.3% in the fourth quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker's stock valued at $341,000 after acquiring an additional 100 shares in the last quarter. Valmark Advisers Inc. increased its holdings in Crocs by 1.8% in the fourth quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker's stock valued at $726,000 after buying an additional 117 shares in the last quarter. Manchester Capital Management LLC increased its holdings in Crocs by 9.9% in the fourth quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker's stock valued at $157,000 after buying an additional 129 shares in the last quarter. UMB Bank n.a. increased its holdings in Crocs by 46.6% in 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 in the last quarter. Finally, Riverwater Partners LLC increased its holdings in Crocs by 0.9% in the fourth quarter. Riverwater Partners LLC now owns 19,974 shares of the textile maker's stock valued at $2,188,000 after buying an additional 177 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Insider Buying and Selling

In other Crocs news, Director Ian Bickley sold 3,044 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $115.89, for a total value of $352,769.16. Following the sale, the director now owns 27,505 shares in the company, valued at approximately $3,187,554.45. This trade represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Shannon Sisler sold 4,659 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the sale, the executive vice president now owns 29,299 shares in the company, valued at $3,215,565.25. The trade was a 13.72% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CROX shares. Guggenheim decreased their price target on shares of Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. UBS Group lifted their price target on shares of Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Barclays decreased their price target on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Bank of America lifted their price target on shares of Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, KeyCorp decreased their price target on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $139.79.

Crocs Stock Down 1.6%

Shares of Crocs stock traded down $1.82 during trading on Tuesday, reaching $112.91. The company had a trading volume of 1,635,333 shares, compared to its average volume of 1,501,727. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 7.06, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46. The firm's fifty day moving average is $102.11 and its 200-day moving average is $103.89. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. Crocs, Inc. has a fifty-two week low of $86.11 and a fifty-two week high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.49. The firm had revenue of $937.33 million for the quarter, compared to analyst estimates of $907.07 million. Crocs had a net margin of 23.16% and a return on equity of 46.27%. Crocs's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.02 earnings per share. On average, analysts anticipate that Crocs, Inc. will post 13.2 EPS 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.