Crocs, Inc. (NASDAQ:CROX) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 43.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 533,876 shares of the textile maker's stock after selling 405,714 shares during the quarter. Wellington Management Group LLP owned about 0.95% of Crocs worth $58,475,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its position 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 worth $145,299,000 after purchasing an additional 1,244,480 shares in the last quarter. Norges Bank acquired a new stake in shares of Crocs during the 4th quarter worth approximately $62,221,000. Altshuler Shaham Ltd grew its stake in shares of Crocs by 30,778.0% during the 4th quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker's stock worth $50,055,000 after purchasing an additional 455,515 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in shares of Crocs by 49.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock worth $143,309,000 after purchasing an additional 429,994 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its stake in shares of Crocs by 167.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 490,544 shares of the textile maker's stock worth $53,730,000 after purchasing an additional 307,185 shares during the period. Institutional investors and hedge funds own 93.44% of the company's stock.

Insider Buying and Selling at Crocs

In other 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 sale, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.

Crocs Price Performance

CROX stock traded down $0.08 on Tuesday, reaching $101.34. 311,597 shares of the company's stock were exchanged, compared to its average volume of 1,506,112. The stock has a fifty day moving average of $102.27 and a 200-day moving average of $104.23. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $165.32. The firm has a market cap of $5.68 billion, a PE ratio of 6.34, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX - Get Free Report) last posted 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. The company 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 revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.02 earnings per share. As a group, equities analysts predict that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CROX. UBS Group raised their price objective on shares of Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Wall Street Zen lowered Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Guggenheim decreased their price objective on Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Stifel Nicolaus decreased their price objective on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Bank of America lifted their price objective on Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Crocs presently has a consensus rating of "Moderate Buy" and an average target price of $139.79.

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.