Retirement Systems of Alabama Buys 40,588 Shares of Crocs, Inc. (NASDAQ:CROX)

Retirement Systems of Alabama raised its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 35.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 155,657 shares of the textile maker's stock after acquiring an additional 40,588 shares during the quarter. Retirement Systems of Alabama owned approximately 0.26% of Crocs worth $14,540,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its position in shares of Crocs by 141.1% in the 3rd quarter. AQR Capital Management LLC now owns 720,554 shares of the textile maker's stock worth $63,574,000 after buying an additional 421,712 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Crocs in the 3rd quarter worth about $34,823,000. Assenagon Asset Management S.A. increased its holdings in shares of Crocs by 60.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,024,452 shares of the textile maker's stock worth $90,387,000 after acquiring an additional 384,390 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of Crocs in the 3rd quarter worth about $11,216,000. Finally, Kettle Hill Capital Management LLC acquired a new stake in shares of Crocs in the 3rd quarter worth about $9,915,000. 93.44% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director John B. Replogle acquired 1,972 shares of the stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $126.75 per share, for a total transaction of $249,951.00. Following the completion of the purchase, the director now owns 3,153 shares in the company, valued at approximately $399,642.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director John B. Replogle acquired 1,972 shares of the stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $126.75 per share, for a total transaction of $249,951.00. Following the completion of the purchase, the director now owns 3,153 shares in the company, valued at approximately $399,642.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michelle Poole sold 5,074 shares of the firm's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $124.98, for a total transaction of $634,148.52. Following the completion of the sale, the president now owns 52,966 shares in the company, valued at approximately $6,619,690.68. 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 90 days. 2.69% of the stock is currently owned by company insiders.

Crocs Trading Up 2.5 %

Shares of CROX traded up $3.15 during midday trading on Thursday, hitting $126.70. The stock had a trading volume of 801,283 shares, compared to its average volume of 1,374,766. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 1.13. The firm has a market cap of $7.69 billion, a P/E ratio of 9.81, a price-to-earnings-growth ratio of 1.57 and a beta of 2.03. The business has a 50-day simple moving average of $128.82 and a two-hundred day simple moving average of $108.46. Crocs, Inc. has a fifty-two week low of $74.00 and a fifty-two week high of $146.79.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The textile maker reported $2.58 EPS for the quarter, topping the consensus estimate of $2.38 by $0.20. The business had revenue of $960.10 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the company posted $2.65 earnings per share. As a group, equities analysts forecast that Crocs, Inc. will post 12.45 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on CROX shares. OTR Global raised shares of Crocs from a "mixed" rating to a "positive" rating in a report on Thursday, April 11th. Piper Sandler raised their target price on shares of Crocs from $135.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, February 16th. KeyCorp raised their target price on shares of Crocs from $130.00 to $149.00 and gave the company an "overweight" rating in a research note on Thursday, March 21st. B. Riley raised their target price on shares of Crocs from $95.00 to $122.00 and gave the company a "neutral" rating in a research note on Wednesday, April 10th. Finally, Bank of America raised their target price on shares of Crocs from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $141.55.

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.