Davis Investment Partners LLC Sells 2,776 Shares of Crocs, Inc. (NASDAQ:CROX)

Davis Investment Partners LLC lowered its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 35.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,996 shares of the textile maker's stock after selling 2,776 shares during the period. Davis Investment Partners LLC's holdings in Crocs were worth $531,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership increased its position in Crocs by 1,516.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock worth $145,299,000 after buying an additional 1,244,480 shares during the last quarter. Norges Bank bought a new stake in Crocs during the fourth quarter valued at $62,221,000. Altshuler Shaham Ltd boosted its stake in Crocs by 30,778.0% during the fourth quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker's stock valued at $50,055,000 after buying an additional 455,515 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in Crocs by 49.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock valued at $143,309,000 after buying an additional 429,994 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its stake in Crocs by 167.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 490,544 shares of the textile maker's stock worth $53,730,000 after purchasing an additional 307,185 shares during the last quarter. Institutional investors own 93.44% of the company's stock.

Insiders Place Their Bets

In other Crocs news, Director Ian Bickley sold 3,044 shares of the stock in a transaction 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 directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.00% of the company's stock.

Crocs Stock Down 6.0%

NASDAQ:CROX traded down $6.17 during midday trading on Friday, hitting $97.49. 1,736,465 shares of the company were exchanged, compared to its average volume of 1,521,873. Crocs, Inc. has a fifty-two week low of $86.11 and a fifty-two week high of $165.32. 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 company has a market capitalization of $5.47 billion, a PE ratio of 6.10, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The company has a fifty day simple moving average of $102.08 and a 200 day simple moving average of $104.17.

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, topping analysts' consensus estimates of $2.51 by $0.49. The business had revenue of $937.33 million during the quarter, compared to the consensus estimate of $907.07 million. Crocs had a return on equity of 46.27% and a net margin of 23.16%. The business's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.02 EPS. As a group, equities analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CROX has been the subject of a number of recent research reports. 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. Loop Capital upped their target price on Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Barclays cut their price target on Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Wall Street Zen cut Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Stifel Nicolaus reduced their price objective on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Crocs currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.79.

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.