Point72 Asia Singapore Pte. Ltd. Sells 3,902 Shares of Crocs, Inc. (NASDAQ:CROX)

Point72 Asia Singapore Pte. Ltd. decreased its position in Crocs, Inc. (NASDAQ:CROX - Free Report) by 66.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,999 shares of the textile maker's stock after selling 3,902 shares during the period. Point72 Asia Singapore Pte. Ltd.'s holdings in Crocs were worth $219,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of CROX. Vanguard Group Inc. grew its holdings in shares of Crocs by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock valued at $599,959,000 after acquiring an additional 47,576 shares in the last quarter. Pacer Advisors Inc. grew its stake in Crocs by 39.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock valued at $223,126,000 after purchasing an additional 577,467 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Crocs by 1,516.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock valued at $145,299,000 after purchasing an additional 1,244,480 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Crocs by 49.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock valued at $143,309,000 after purchasing an additional 429,994 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Crocs by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker's stock worth $116,644,000 after buying an additional 15,037 shares during the last quarter. Institutional investors own 93.44% of the company's stock.

Crocs Price Performance

NASDAQ CROX traded down $0.87 during trading hours on Thursday, hitting $111.95. The company had a trading volume of 382,766 shares, compared to its average volume of 1,499,139. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 6.99, 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 firm has a 50 day simple moving average of $102.39 and a 200 day simple moving average of $103.95.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.51 by $0.49. The firm had revenue of $937.33 million for the quarter, compared to the consensus estimate of $907.07 million. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.02 earnings per share. Equities research analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

CROX has been the topic of several research reports. Needham & Company LLC lifted their price objective on shares of Crocs from $118.00 to $129.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Piper Sandler lowered their price target on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. UBS Group increased their price objective on Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Bank of America boosted their target price on Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Robert W. Baird dropped their price target on Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Three 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 has a consensus rating of "Moderate Buy" and a consensus target price of $139.79.

Insider Activity

In related news, EVP Shannon Sisler sold 4,659 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value 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 trade represents a 13.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ian Bickley sold 3,044 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $115.89, for a total transaction of $352,769.16. Following the completion of the transaction, the director now directly owns 27,505 shares of the company's stock, valued at approximately $3,187,554.45. This represents a 9.96% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company's stock.

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.