Wellington Management Group LLP Decreases Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Wellington Management Group LLP lowered its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 43.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allianz SE purchased a new stake in shares of Crocs in the fourth quarter valued at $53,000. Ameriflex Group Inc. purchased a new stake in shares of Crocs in the fourth quarter valued at $54,000. TD Waterhouse Canada Inc. raised its stake in shares of Crocs by 425.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker's stock valued at $74,000 after acquiring an additional 549 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Crocs by 38.3% in the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock valued at $81,000 after acquiring an additional 206 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Crocs in the fourth quarter valued at $96,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Analyst Upgrades and Downgrades

CROX has been the topic of several recent analyst reports. Guggenheim reduced their target price on shares of Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Stifel Nicolaus cut their price target on shares of Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Needham & Company LLC upped their price target on shares of Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Barclays cut their price target on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Finally, Wall Street Zen cut shares of Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $139.79.

Insider Buying and Selling at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $115.89, for a total transaction of $352,769.16. Following the completion of the sale, the director now directly owns 27,505 shares of the company's stock, 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 filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.00% of the company's stock.

Crocs Stock Up 0.1%

Crocs stock traded up $0.15 during midday trading on Monday, hitting $102.15. 1,048,602 shares of the company's stock were exchanged, compared to its average volume of 1,508,245. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $165.32. The firm has a 50-day moving average of $102.44 and a two-hundred day moving average of $104.21. The company has a market cap of $5.73 billion, a PE ratio of 6.38, a P/E/G ratio of 1.80 and a beta of 1.46.

Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share (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 company had revenue of $937.33 million for the quarter, compared to analysts' expectations of $907.07 million. During the same period in the prior year, the business earned $3.02 EPS. The firm's quarterly revenue was down .1% on a year-over-year basis. As a group, analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

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.