OMERS ADMINISTRATION Corp Has $821,000 Position in Crocs, Inc. (NASDAQ:CROX)

OMERS ADMINISTRATION Corp lessened its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 47.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,500 shares of the textile maker's stock after selling 6,800 shares during the period. OMERS ADMINISTRATION Corp's holdings in Crocs were worth $821,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Crocs by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock worth $599,959,000 after acquiring an additional 47,576 shares during the period. Empowered Funds LLC increased its stake in Crocs by 42.0% during the 4th quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker's stock worth $8,450,000 after acquiring an additional 22,809 shares during the period. State of Alaska Department of Revenue increased its stake in Crocs by 129.8% during the 4th quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker's stock worth $2,373,000 after acquiring an additional 12,245 shares during the period. Impax Asset Management Group plc bought a new position in Crocs during the 4th quarter worth $684,000. Finally, Oppenheimer & Co. Inc. increased its stake in Crocs by 39.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker's stock worth $1,888,000 after acquiring an additional 4,862 shares during the period. Institutional investors own 93.44% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CROX. Robert W. Baird decreased their price target on Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Stifel Nicolaus decreased their price target on Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. UBS Group lifted their price target 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 lifted their price target on Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Finally, Needham & Company LLC lifted their price target on Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $139.79.

Insider Buying and Selling

In other Crocs news, Director Ian Bickley sold 3,044 shares of Crocs stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $115.89, for a total transaction of $352,769.16. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by corporate insiders.

Crocs Price Performance

CROX stock traded down $3.09 during midday trading on Friday, reaching $108.29. 1,608,274 shares of the stock were exchanged, compared to its average volume of 1,507,290. The stock has a market capitalization of $6.07 billion, a PE ratio of 6.77, a P/E/G ratio of 1.80 and a beta of 1.46. Crocs, Inc. has a 52 week low of $86.11 and a 52 week high of $165.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The company has a fifty day moving average price of $102.64 and a 200 day moving average price of $104.01.

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. The business had revenue of $937.33 million for the quarter, compared to analyst estimates of $907.07 million. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Crocs's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.02 EPS. As a group, analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

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.