Crocs, Inc. (NASDAQ:CROX) Holdings Decreased by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 11.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,676 shares of the textile maker's stock after selling 8,333 shares during the period. New York State Teachers Retirement System owned 0.12% of Crocs worth $6,869,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CROX. Arrowstreet Capital Limited Partnership increased its position in Crocs by 1,516.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock worth $145,299,000 after purchasing an additional 1,244,480 shares in the last quarter. Norges Bank acquired a new stake in Crocs during the 4th quarter worth approximately $62,221,000. Altshuler Shaham Ltd increased its position in Crocs by 30,778.0% during the 4th quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker's stock worth $50,055,000 after purchasing an additional 455,515 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in Crocs by 49.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock worth $143,309,000 after purchasing an additional 429,994 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in Crocs by 167.5% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Crocs Stock Performance

CROX traded down $1.78 during trading hours on Wednesday, hitting $104.75. 969,579 shares of the stock were exchanged, compared to its average volume of 1,524,485. The stock has a 50-day simple moving average of $105.21 and a 200-day simple moving average of $103.31. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $151.13. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 6.42, a price-to-earnings-growth ratio of 2.21 and a beta of 1.38. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.52 and a quick ratio of 0.97.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts' consensus estimates of $2.51 by $0.49. The business had revenue of $937.33 million for the quarter, compared to analysts' expectations of $907.07 million. Crocs had a return on equity of 43.07% and a net margin of 23.35%. The business's quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.02 EPS. Analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Barclays lowered their price objective on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Needham & Company LLC increased their price objective on shares of Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Loop Capital increased their price objective on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Finally, The Goldman Sachs Group assumed coverage on shares of Crocs in a research report on Wednesday, July 2nd. They issued a "sell" rating and a $88.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $135.13.

Insider Transactions at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of the firm'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 directly owned 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 filing with the SEC, which can be accessed through this link. Insiders own 3.00% of the company's stock.

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.