Price T Rowe Associates Inc. MD Raises Stock Position in Crocs, Inc. (NASDAQ:CROX)

Price T Rowe Associates Inc. MD lifted its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 25.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 262,741 shares of the textile maker's stock after purchasing an additional 53,945 shares during the period. Price T Rowe Associates Inc. MD owned about 0.45% of Crocs worth $28,779,000 at the end of the most recent reporting period.

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

Crocs Trading Up 2.9 %

Shares of NASDAQ:CROX traded up $2.77 during trading hours on Friday, hitting $97.49. 1,200,113 shares of the company's stock traded hands, compared to its average volume of 1,478,178. The firm has a market capitalization of $5.47 billion, a P/E ratio of 6.10, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46. The business has a fifty day moving average price of $99.55 and a 200-day moving average price of $105.09. Crocs, Inc. has a 1 year low of $86.11 and a 1 year high of $165.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating 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 analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current year.

Insider Buying and Selling at Crocs

In other 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 transaction of $511,325.25. Following the transaction, the executive vice president now 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Adam Michaels sold 15,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the completion of the sale, the executive vice president now directly owns 89,323 shares of the company's stock, valued at approximately $9,529,870.87. This trade represents a 14.38 % 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.

Analyst Ratings Changes

A number of research firms recently commented on CROX. UBS Group boosted their price target on Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Needham & Company LLC cut their target price on shares of Crocs from $129.00 to $118.00 and set a "buy" rating for the company in a research note on Thursday. StockNews.com downgraded shares of Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Barclays dropped their price objective on shares of Crocs from $125.00 to $122.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Finally, Loop Capital boosted their target price on Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Crocs currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.21.

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.