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

Teza Capital Management LLC raised its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 129.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,022 shares of the textile maker's stock after buying an additional 2,836 shares during the period. Teza Capital Management LLC's holdings in Crocs were worth $550,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of CROX. Vanguard Group Inc. boosted its holdings in Crocs by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock valued at $599,959,000 after acquiring an additional 47,576 shares during the period. Empowered Funds LLC lifted its position in shares of Crocs by 42.0% during the fourth quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker's stock worth $8,450,000 after purchasing an additional 22,809 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Crocs by 129.8% in the fourth quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker's stock valued at $2,373,000 after purchasing an additional 12,245 shares during the period. Impax Asset Management Group plc acquired a new position in shares of Crocs in the fourth quarter valued at approximately $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 buying an additional 4,862 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Stock Down 2.4%

CROX stock opened at $114.73 on Tuesday. The company's 50 day moving average is $101.85 and its two-hundred day moving average is $103.83. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $165.32. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The stock has a market cap of $6.43 billion, a P/E ratio of 7.18, a PEG ratio of 1.80 and a beta of 1.46.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings results 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 net margin of 23.16% and a return on equity of 46.27%. The firm had revenue of $937.33 million for the quarter, compared to analyst estimates of $907.07 million. During the same period last year, the business earned $3.02 EPS. Crocs's revenue for the quarter was down .1% compared to the same quarter last year. Research analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Transactions at Crocs

In other news, Director Ian Bickley sold 3,044 shares of Crocs stock in a transaction on Monday, May 12th. The shares were sold at an average price of $115.89, for a total value of $352,769.16. Following the transaction, the director now directly owns 27,505 shares of the company's stock, valued at $3,187,554.45. The trade was a 9.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now owns 29,299 shares of the company's stock, valued at approximately $3,215,565.25. This represents a 13.72% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CROX. Bank of America raised their price target 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. StockNews.com lowered Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Barclays cut their price target on Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Loop Capital lifted their price objective 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 boosted their price objective on Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.79.

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.

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