Sherbrooke Park Advisers LLC boosted its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 104.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,634 shares of the textile maker's stock after buying an additional 2,365 shares during the period. Sherbrooke Park Advisers LLC's holdings in Crocs were worth $508,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings in Crocs by 1,516.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock valued at $145,299,000 after acquiring an additional 1,244,480 shares during the period. Pacer Advisors Inc. grew its stake in Crocs by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock worth $223,126,000 after purchasing an additional 577,467 shares during the period. Norges Bank bought a new stake in Crocs in the fourth quarter valued at $62,221,000. Altshuler Shaham Ltd boosted its holdings in Crocs by 30,778.0% in the fourth quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker's stock worth $50,055,000 after acquiring an additional 455,515 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings 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 worth $143,309,000 after buying an additional 429,994 shares during the last quarter. Institutional investors own 93.44% of the company's stock.
Wall Street Analyst Weigh In
CROX has been the topic of a number of analyst reports. Loop Capital lifted their price objective on shares of Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Robert W. Baird dropped their target price on Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. 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 note on Friday, February 14th. Barclays dropped their price objective on Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Finally, Wall Street Zen cut shares of Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $139.79.
Read Our Latest Report on CROX
Crocs Stock Down 2.2%
Shares of Crocs stock traded down $2.49 on Friday, reaching $108.89. The company's stock had a trading volume of 692,154 shares, compared to its average volume of 1,502,211. Crocs, Inc. has a 52 week low of $86.11 and a 52 week high of $165.32. The firm's fifty day simple moving average is $102.54 and its two-hundred day simple moving average is $103.99. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 6.82, a P/E/G ratio of 1.80 and a beta of 1.46.
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 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 during the quarter, compared to the consensus estimate of $907.07 million. During the same period last year, the company earned $3.02 EPS. Crocs's revenue for the quarter was down .1% on a year-over-year basis. Equities analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current year.
Insider Transactions at Crocs
In related news, Director Ian Bickley sold 3,044 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $115.89, for a total transaction of $352,769.16. Following the transaction, the director now owns 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.00% of the company's stock.
About Crocs
(
Free Report)
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.
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