Crocs, Inc. (NASDAQ:CROX) Shares Sold by Broad Peak Investment Holdings Ltd.

Broad Peak Investment Holdings Ltd. trimmed its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 35.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,085,305 shares of the textile maker's stock after selling 587,195 shares during the quarter. Crocs accounts for 16.3% of Broad Peak Investment Holdings Ltd.'s portfolio, making the stock its biggest holding. Broad Peak Investment Holdings Ltd. owned about 1.79% of Crocs worth $101,378,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of CROX. Quarry LP grew its position in shares of Crocs by 245.8% during the second quarter. Quarry LP now owns 249 shares of the textile maker's stock valued at $28,000 after purchasing an additional 177 shares in the last quarter. Blue Trust Inc. raised its position in shares of Crocs by 185.0% in the 4th quarter. Blue Trust Inc. now owns 342 shares of the textile maker's stock worth $32,000 after acquiring an additional 222 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of Crocs by 440.0% during the first quarter. Harbour Investments Inc. now owns 270 shares of the textile maker's stock valued at $34,000 after buying an additional 220 shares during the last quarter. Atlas Capital Advisors LLC purchased a new position in Crocs in the first quarter worth $44,000. Finally, Advisors Asset Management Inc. grew its stake in Crocs by 90.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 715 shares of the textile maker's stock worth $63,000 after buying an additional 339 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on CROX shares. Stifel Nicolaus upped their price objective on shares of Crocs from $132.00 to $140.00 and gave the company a "buy" rating in a report on Friday, February 16th. Barclays assumed coverage on shares of Crocs in a report on Monday. They issued an "overweight" rating and a $167.00 target price on the stock. KeyCorp increased their target price on shares of Crocs from $130.00 to $149.00 and gave the stock an "overweight" rating in a research note on Thursday, March 21st. Raymond James raised their target price on Crocs from $120.00 to $145.00 and gave the company a "strong-buy" rating in a report on Friday, February 16th. Finally, B. Riley upped their price objective on Crocs from $93.00 to $95.00 and gave the stock a "neutral" rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $146.60.

Crocs Stock Performance

Shares of CROX traded down $0.29 during midday trading on Friday, hitting $134.09. 743,347 shares of the stock traded hands, compared to its average volume of 1,487,684. Crocs, Inc. has a 1-year low of $74.00 and a 1-year high of $151.32. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.75 and a current ratio of 1.30. The business's 50 day moving average price is $121.81 and its two-hundred day moving average price is $103.09. The firm has a market capitalization of $8.11 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 1.75 and a beta of 2.01.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The textile maker reported $2.58 EPS for the quarter, beating the consensus estimate of $2.38 by $0.20. The business had revenue of $960.10 million during the quarter, compared to the consensus estimate of $958.39 million. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The firm's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.65 EPS. Equities research analysts predict that Crocs, Inc. will post 12.44 EPS for the current fiscal year.

Insider Buying and Selling

In related news, President Michelle Poole sold 4,793 shares of the company's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $119.15, for a total value of $571,085.95. Following the completion of the transaction, the president now directly owns 64,912 shares in the company, valued at $7,734,264.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Crocs news, President Michelle Poole sold 4,793 shares of the business's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $119.15, for a total value of $571,085.95. Following the transaction, the president now owns 64,912 shares of the company's stock, valued at $7,734,264.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John B. Replogle acquired 1,972 shares of the company's stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average price of $126.75 per share, with a total value of $249,951.00. Following the transaction, the director now directly owns 3,153 shares in the company, valued at $399,642.75. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 39,867 shares of company stock valued at $4,786,276. Insiders own 2.69% of the company's stock.

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.