Teza Capital Management LLC Boosts Stock Position in Crocs, Inc. (NASDAQ:CROX)

Teza Capital Management LLC raised its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 129.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,022 shares of the textile maker's stock after buying an additional 2,836 shares during the quarter. Teza Capital Management LLC's holdings in Crocs were worth $550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Tidal Investments LLC grew its holdings in Crocs by 708.5% during the 4th quarter. Tidal Investments LLC now owns 175,240 shares of the textile maker's stock valued at $19,194,000 after buying an additional 153,566 shares in the last quarter. Tyro Capital Management LLC grew its holdings in Crocs by 20.1% during the 4th quarter. Tyro Capital Management LLC now owns 85,913 shares of the textile maker's stock valued at $9,410,000 after buying an additional 14,398 shares in the last quarter. Strategic Global Advisors LLC grew its holdings in Crocs by 7.9% during the 4th quarter. Strategic Global Advisors LLC now owns 9,009 shares of the textile maker's stock valued at $987,000 after buying an additional 662 shares in the last quarter. Scientech Research LLC purchased a new stake in Crocs during the 4th quarter valued at approximately $1,279,000. Finally, Sherbrooke Park Advisers LLC grew its holdings in Crocs by 104.2% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 4,634 shares of the textile maker's stock valued at $508,000 after buying an additional 2,365 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Trading Down 2.8%

Shares of NASDAQ:CROX traded down $3.09 on Friday, hitting $108.29. 1,608,274 shares of the company's stock were exchanged, compared to its average volume of 1,506,750. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $165.32. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 6.77, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46. The business's 50 day simple moving average is $102.64 and its two-hundred day simple moving average is $104.01. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70.

Crocs (NASDAQ:CROX - Get Free Report) last released its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share 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 business 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 earnings per share. The business's revenue for the quarter was down .1% compared to the same quarter last year. Analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CROX has been the subject of a number of research reports. Robert W. Baird lowered their target price on Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Guggenheim lowered their price target on Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. UBS Group raised their price target on Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Needham & Company LLC raised their price target on Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Barclays lowered their price target on Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $139.79.

Insider Activity at Crocs

In related 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 value of $352,769.16. Following the completion of the sale, the director now directly owns 27,505 shares in the company, valued at $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

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.