Crocs, Inc. (NASDAQ:CROX) Position Cut by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 39.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,249 shares of the textile maker's stock after selling 13,375 shares during the period. Public Employees Retirement System of Ohio's holdings in Crocs were worth $2,218,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allianz SE bought a new stake in shares of Crocs in the fourth quarter worth about $53,000. TD Waterhouse Canada Inc. raised its holdings in Crocs by 425.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker's stock worth $74,000 after acquiring an additional 549 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Crocs by 38.3% in the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock worth $81,000 after acquiring an additional 206 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Crocs in the 4th quarter worth approximately $96,000. Finally, Manchester Capital Management LLC grew its position in Crocs by 9.9% in the 4th quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker's stock worth $157,000 after purchasing an additional 129 shares during the period. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insider Transactions at Crocs

In related 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 completion of the transaction, the director now directly owns 27,505 shares in the company, valued at approximately $3,187,554.45. This represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Bank of America boosted their price objective on shares of Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research report on Friday, February 14th. 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 report on Thursday, May 8th. Robert W. Baird decreased their target price on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Piper Sandler decreased their target price on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Stifel Nicolaus reduced their price objective on shares of Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.79.

Crocs Stock Performance

NASDAQ CROX traded up $1.16 on Thursday, reaching $100.17. The stock had a trading volume of 1,738,187 shares, compared to its average volume of 1,517,319. Crocs, Inc. has a 12-month low of $86.11 and a 12-month high of $165.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The stock has a market cap of $5.62 billion, a P/E ratio of 6.26, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The business's 50-day moving average price is $101.85 and its 200 day moving average price is $104.21.

Crocs (NASDAQ:CROX - Get Free Report) last announced its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.49. Crocs had a return on equity of 46.27% and a net margin of 23.16%. The company had revenue of $937.33 million for the quarter, compared to the consensus estimate of $907.07 million. During the same period last year, the business posted $3.02 EPS. The company's revenue was down .1% on a year-over-year basis. As a group, equities analysts expect that Crocs, Inc. will post 13.2 earnings per share 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.