Natixis Invests $9.27 Million in Crocs, Inc. (NASDAQ:CROX)

Natixis bought a new stake in Crocs, Inc. (NASDAQ:CROX - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 84,657 shares of the textile maker's stock, valued at approximately $9,272,000. Natixis owned 0.15% of Crocs at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Crocs by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock valued at $599,959,000 after purchasing an additional 47,576 shares during the period. Pacer Advisors Inc. increased its position in shares of Crocs by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock worth $223,126,000 after acquiring an additional 577,467 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Crocs by 1,516.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock worth $145,299,000 after acquiring an additional 1,244,480 shares during the last quarter. Geode Capital Management LLC lifted its position in Crocs by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker's stock valued at $116,644,000 after acquiring an additional 15,037 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Crocs by 9.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,046,600 shares of the textile maker's stock valued at $114,632,000 after purchasing an additional 89,647 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Insider Activity at Crocs

In other news, EVP Adam Michaels sold 15,000 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 89,323 shares of the company's stock, valued at $9,529,870.87. This represents a 14.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction on Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares of the company's stock, valued at $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is owned by corporate insiders.

Crocs Stock Performance

Shares of CROX stock traded down $1.05 during trading on Friday, reaching $97.68. 1,302,505 shares of the company's stock traded hands, compared to its average volume of 1,468,519. The firm's 50-day moving average is $100.66 and its 200 day moving average is $106.76. The company has a market capitalization of $5.48 billion, a P/E ratio of 6.11, a PEG ratio of 1.80 and a beta of 1.62. Crocs, Inc. has a 1 year low of $86.11 and a 1 year high of $165.32. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX - Get Free Report) last posted its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Equities research analysts expect that Crocs, Inc. will post 13.2 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CROX shares. Needham & Company LLC restated a "buy" rating and issued a $129.00 target price on shares of Crocs in a report on Thursday, February 13th. StockNews.com downgraded shares of Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Robert W. Baird reduced their target price on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Piper Sandler dropped their price target on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, KeyCorp decreased their price objective on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $140.00.

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.