New York State Teachers Retirement System Lowers Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

New York State Teachers Retirement System reduced its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 11.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund 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 approximately 0.12% of Crocs worth $6,869,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Jones Financial Companies Lllp grew its holdings in shares of Crocs by 38.3% during 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 during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Crocs by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 715,422 shares of the textile maker's stock valued at $78,360,000 after purchasing an additional 8,014 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Crocs by 34.9% in the fourth quarter. Victory Capital Management Inc. now owns 28,210 shares of the textile maker's stock valued at $3,090,000 after purchasing an additional 7,303 shares during the period. Atria Investments Inc increased its holdings in shares of Crocs by 70.4% in the fourth quarter. Atria Investments Inc now owns 3,386 shares of the textile maker's stock valued at $371,000 after purchasing an additional 1,399 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Crocs during the fourth quarter worth approximately $471,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Needham & Company LLC lifted 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. Piper Sandler dropped their price target on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus reduced their price objective 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. The Goldman Sachs Group began coverage on Crocs in a research report on Wednesday, July 2nd. They set a "sell" rating and a $88.00 target price on the stock. Finally, Bank of America cut their target price on Crocs from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Monday, June 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Crocs currently has an average rating of "Moderate Buy" and a consensus price target of $135.13.

Crocs Price Performance

NASDAQ:CROX traded down $0.99 during mid-day trading on Monday, hitting $106.35. 1,121,567 shares of the company's stock traded hands, compared to its average volume of 1,522,872. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 1.52. The company has a market cap of $5.96 billion, a PE ratio of 6.52, a price-to-earnings-growth ratio of 2.23 and a beta of 1.38. The firm's 50 day simple moving average is $104.64 and its 200 day simple moving average is $103.31. Crocs, Inc. has a 1 year low of $86.11 and a 1 year high of $151.13.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data 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. Crocs had a net margin of 23.35% and a return on equity of 43.07%. The business had revenue of $937.33 million during the quarter, compared to analysts' expectations of $907.07 million. During the same period last year, the company posted $3.02 EPS. The company's revenue was down .1% on a year-over-year basis. Sell-side analysts expect that Crocs, Inc. will post 13.2 EPS for the current year.

Insiders Place Their Bets

In other news, Director Ian Bickley sold 3,044 shares of the company'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 $3,187,554.45. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.