No Street GP LP Reduces Stake in Crocs, Inc. (NASDAQ:CROX)

No Street GP LP lowered its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 499,273 shares of the textile maker's stock after selling 61,053 shares during the period. Crocs comprises approximately 3.6% of No Street GP LP's holdings, making the stock its 12th largest holding. No Street GP LP owned about 0.86% of Crocs worth $54,685,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Clear Harbor Asset Management LLC grew its stake in Crocs by 3.3% in the fourth quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker's stock valued at $341,000 after purchasing an additional 100 shares during the last quarter. Valmark Advisers Inc. grew its stake in Crocs by 1.8% in the fourth quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker's stock valued at $726,000 after purchasing an additional 117 shares during the last quarter. Manchester Capital Management LLC grew its stake in Crocs by 9.9% in the fourth quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker's stock valued at $157,000 after purchasing an additional 129 shares during the last quarter. UMB Bank n.a. grew its stake in Crocs by 46.6% in the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock valued at $49,000 after purchasing an additional 142 shares during the last quarter. Finally, Riverwater Partners LLC grew its stake in Crocs by 0.9% in the fourth quarter. Riverwater Partners LLC now owns 19,974 shares of the textile maker's stock valued at $2,188,000 after purchasing an additional 177 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Crocs Price Performance

Shares of Crocs stock traded up $0.28 on Friday, reaching $117.55. The company's stock had a trading volume of 923,854 shares, compared to its average volume of 1,494,763. The company has a market capitalization of $6.59 billion, a P/E ratio of 7.35, a PEG ratio of 1.80 and a beta of 1.46. Crocs, Inc. has a 52-week low of $86.11 and a 52-week high of $165.32. The stock has a 50-day moving average price of $101.60 and a 200-day moving average price of $103.83. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 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 analysts' expectations of $907.07 million. During the same period in the previous year, the business earned $3.02 earnings per share. The business's revenue was down .1% compared to the same quarter last year. Analysts expect that Crocs, Inc. will post 13.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays dropped their price target on Crocs from $122.00 to $119.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. UBS Group lifted their target price on Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Loop Capital lifted their target price on Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Piper Sandler decreased their target price on Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, StockNews.com downgraded Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $139.79.

Insider Activity at Crocs

In related news, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of the transaction, the executive vice president now directly owns 29,299 shares of the company's stock, valued at approximately $3,215,565.25. This represents a 13.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the transaction, the executive vice president now directly owns 89,323 shares of the company's stock, valued at approximately $9,529,870.87. This represents a 14.38% decrease in their ownership of the stock. 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 insiders.

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.