J. Goldman & Co LP Sells 41,779 Shares of Crocs, Inc. (NASDAQ:CROX)

J. Goldman & Co LP decreased its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 90.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,528 shares of the textile maker's stock after selling 41,779 shares during the quarter. J. Goldman & Co LP's holdings in Crocs were worth $496,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CROX. UMB Bank n.a. grew its position in shares of Crocs by 46.6% during the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock worth $49,000 after buying an additional 142 shares during the period. Allianz SE purchased a new position in Crocs during the 4th quarter worth $53,000. TD Waterhouse Canada Inc. boosted its holdings in 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 acquiring an additional 549 shares during the last quarter. Jones Financial Companies Lllp raised its position in Crocs by 38.3% in the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock worth $81,000 after acquiring an additional 206 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in Crocs in the fourth quarter valued at about $96,000. Institutional investors and hedge funds own 93.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com downgraded shares of Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. KeyCorp decreased their price objective on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Piper Sandler decreased their price objective on Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Guggenheim dropped their price target on shares of Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Finally, Stifel Nicolaus dropped their price target on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Crocs currently has a consensus rating of "Moderate Buy" and an average price target of $139.79.

Insider Buying and Selling

In other news, Director Ian Bickley sold 3,044 shares of the 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 completion of the sale, the director now directly owns 27,505 shares of the company's stock, valued at $3,187,554.45. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the completion of the transaction, the executive vice president now directly owns 89,323 shares in the company, valued at $9,529,870.87. This trade represents a 14.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,703 shares of company stock valued at $2,464,444. 2.72% of the stock is owned by corporate insiders.

Crocs Stock Performance

NASDAQ CROX traded down $0.99 during trading hours on Thursday, hitting $117.27. The company's stock had a trading volume of 1,247,514 shares, compared to its average volume of 1,493,712. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $165.32. The company's 50 day simple moving average is $100.89 and its two-hundred day simple moving average is $103.93. The company has a market cap of $6.57 billion, a P/E ratio of 7.33, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46. 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 quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 in the previous year, the company posted $3.02 EPS. The business's quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts expect that Crocs, Inc. will post 13.2 EPS 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.