New York State Common Retirement Fund Grows Holdings in Crocs, Inc. (NASDAQ:CROX)

New York State Common Retirement Fund boosted its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 9.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 220,634 shares of the textile maker's stock after purchasing an additional 18,516 shares during the quarter. New York State Common Retirement Fund owned 0.36% of Crocs worth $20,609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Telemus Capital LLC raised its position in shares of Crocs by 23.5% in the 4th quarter. Telemus Capital LLC now owns 39,803 shares of the textile maker's stock valued at $3,718,000 after buying an additional 7,586 shares in the last quarter. Duality Advisers LP acquired a new position in shares of Crocs in the 4th quarter valued at approximately $890,000. Handelsbanken Fonder AB increased its position in Crocs by 537.5% during the 4th quarter. Handelsbanken Fonder AB now owns 71,400 shares of the textile maker's stock worth $6,669,000 after purchasing an additional 60,200 shares in the last quarter. CWM LLC increased its position in Crocs by 58.4% during the 4th quarter. CWM LLC now owns 1,684 shares of the textile maker's stock worth $157,000 after purchasing an additional 621 shares in the last quarter. Finally, Xponance Inc. increased its position in Crocs by 1.3% during the 4th quarter. Xponance Inc. now owns 14,052 shares of the textile maker's stock worth $1,313,000 after purchasing an additional 177 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CROX. UBS Group upped their price objective on shares of Crocs from $117.00 to $124.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 23rd. OTR Global upgraded shares of Crocs from a "mixed" rating to a "positive" rating in a research report on Thursday, April 11th. Barclays began coverage on shares of Crocs in a research report on Monday, April 1st. They set an "overweight" rating and a $167.00 price objective for the company. Raymond James upped their price objective on shares of Crocs from $120.00 to $145.00 and gave the stock a "strong-buy" rating in a research report on Friday, February 16th. Finally, KeyCorp boosted their target price on shares of Crocs from $130.00 to $149.00 and gave the stock an "overweight" rating in a report on Thursday, March 21st. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $145.17.

Crocs Trading Up 1.5 %

Shares of NASDAQ:CROX traded up $1.89 during trading on Friday, reaching $125.40. The stock had a trading volume of 847,006 shares, compared to its average volume of 989,657. The firm's fifty day moving average is $128.31 and its 200 day moving average is $107.75. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.75 and a current ratio of 1.30. Crocs, Inc. has a 52 week low of $74.00 and a 52 week high of $146.79. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 1.58 and a beta of 2.01.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The textile maker reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.38 by $0.20. The company had revenue of $960.10 million for the quarter, compared to analyst estimates of $958.39 million. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The company's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.65 EPS. As a group, equities analysts forecast that Crocs, Inc. will post 12.44 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Daniel P. Hart sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $118.48, for a total transaction of $1,184,800.00. Following the transaction, the executive vice president now directly owns 219,293 shares of the company's stock, valued at $25,981,834.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Crocs news, Director Ian Bickley sold 16,785 shares of the company's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the transaction, the director now owns 31,815 shares in the company, valued at $3,819,390.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Daniel P. Hart sold 10,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $118.48, for a total transaction of $1,184,800.00. Following the completion of the sale, the executive vice president now owns 219,293 shares of the company's stock, valued at approximately $25,981,834.64. The disclosure for this sale can be found here. Insiders have sold a total of 39,867 shares of company stock valued at $4,786,276 over the last ninety days. 2.69% of the stock is owned by corporate insiders.

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.