Gotham Asset Management LLC Increases Holdings in Crocs, Inc. (NASDAQ:CROX)

Gotham Asset Management LLC grew its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 108.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,052 shares of the textile maker's stock after acquiring an additional 19,803 shares during the period. Gotham Asset Management LLC owned about 0.07% of Crocs worth $4,168,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CROX. UMB Bank n.a. boosted its holdings in shares of Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock valued at $49,000 after buying an additional 142 shares during the period. Allianz SE bought a new stake in shares of Crocs during the 4th quarter worth about $53,000. TD Waterhouse Canada Inc. raised its position in shares of Crocs by 425.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker's stock worth $74,000 after buying an additional 549 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Crocs by 38.3% in the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock worth $81,000 after purchasing an additional 206 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of Crocs in the 4th quarter worth approximately $96,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Crocs Price Performance

Shares of NASDAQ CROX traded up $0.28 during mid-day trading on Friday, hitting $117.55. 923,854 shares of the stock traded hands, compared to its average volume of 1,497,240. The company has a market cap of $6.59 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $165.32. The firm has a 50 day simple moving average of $101.60 and a two-hundred day simple moving average of $103.79. 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 posted its quarterly earnings data 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 firm had revenue of $937.33 million during the quarter, compared to analyst estimates of $907.07 million. During the same period last year, the company posted $3.02 EPS. The business's quarterly revenue was down .1% on a year-over-year basis. As a group, equities research analysts forecast that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. StockNews.com lowered Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Barclays cut their target price on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Needham & Company LLC upped their target price on shares of Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Guggenheim dropped their price objective on shares of Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Finally, Piper Sandler dropped their target price on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $139.79.

Insider Activity

In related news, Director Ian Bickley sold 3,044 shares of Crocs stock in a transaction on Monday, May 12th. The stock was 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 owns 27,505 shares of the company's stock, valued at approximately $3,187,554.45. This trade represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Adam Michaels sold 15,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the sale, the executive vice president now owns 89,323 shares in the company, valued at $9,529,870.87. The trade was a 14.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,703 shares of company stock valued at $2,464,444 over the last three months. Corporate insiders own 2.72% of the company's stock.

Crocs Company 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.