Schonfeld Strategic Advisors LLC Acquires 75,582 Shares of Crocs, Inc. (NASDAQ:CROX)

Schonfeld Strategic Advisors LLC boosted its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 51.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,409 shares of the textile maker's stock after purchasing an additional 75,582 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.38% of Crocs worth $24,360,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CROX. Arrowstreet Capital Limited Partnership lifted its position 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 purchasing an additional 1,244,480 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Crocs by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock valued at $223,126,000 after buying an additional 577,467 shares in the last quarter. Norges Bank bought a new position in shares of Crocs in the 4th quarter valued at about $62,221,000. Altshuler Shaham Ltd grew its position in Crocs by 30,778.0% in the fourth quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker's stock worth $50,055,000 after acquiring an additional 455,515 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in Crocs by 49.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock worth $143,309,000 after acquiring an additional 429,994 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Price Performance

NASDAQ CROX opened at $96.10 on Wednesday. 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 company has a market cap of $5.39 billion, a PE ratio of 6.01, a P/E/G ratio of 1.80 and a beta of 1.62. The firm's 50 day moving average price is $100.11 and its 200-day moving average price is $105.98. Crocs, Inc. has a 52-week low of $86.11 and a 52-week high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. Sell-side analysts forecast that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Insider Transactions at Crocs

In other news, EVP Adam Michaels sold 15,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was 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 in the company, valued at $9,529,870.87. This trade represents a 14.38 % 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, EVP Shannon Sisler sold 4,659 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the sale, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.72% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CROX shares. Stifel Nicolaus cut their target price on Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Guggenheim cut their price objective on shares of Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. KeyCorp lowered their target price on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Piper Sandler cut 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. Finally, Barclays decreased their price objective on shares of Crocs from $125.00 to $122.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.

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