T. Rowe Price Investment Management Inc. Grows Position in Crocs, Inc. (NASDAQ:CROX)

T. Rowe Price Investment Management Inc. grew its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 167.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 490,544 shares of the textile maker's stock after acquiring an additional 307,185 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 0.84% of Crocs worth $53,730,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Clear Harbor Asset Management LLC increased its stake in Crocs by 3.3% during the 4th 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 in the last quarter. Valmark Advisers Inc. grew its holdings in shares of Crocs by 1.8% during the fourth quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker's stock valued at $726,000 after buying an additional 117 shares during the last quarter. Manchester Capital Management LLC increased its position in shares of Crocs by 9.9% during the fourth quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker's stock valued at $157,000 after acquiring an additional 129 shares in the last quarter. UMB Bank n.a. raised its holdings in Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock worth $49,000 after acquiring an additional 142 shares during the last quarter. Finally, Riverwater Partners LLC lifted its position in Crocs by 0.9% in the 4th quarter. Riverwater Partners LLC now owns 19,974 shares of the textile maker's stock valued at $2,188,000 after acquiring an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Crocs Stock Performance

Shares of NASDAQ:CROX traded down $1.26 during mid-day trading on Thursday, reaching $95.16. 359,187 shares of the company traded hands, compared to its average volume of 1,472,276. Crocs, Inc. has a 52 week low of $86.11 and a 52 week high of $165.32. The firm has a market cap of $5.33 billion, a PE ratio of 5.97, a PEG ratio of 1.80 and a beta of 1.62. The company's 50 day moving average price is $99.89 and its 200-day moving average price is $105.92. 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 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on CROX. 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. Stifel Nicolaus reduced their price objective on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Barclays decreased their target price on Crocs from $125.00 to $122.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. UBS Group raised their target price on shares of Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. 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 note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.21.

Insider Activity

In related news, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction that occurred 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 owns 29,299 shares of the company's stock, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their position. The sale was disclosed in a document filed 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 that occurred on 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 owns 89,323 shares of the company's stock, valued at $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.72% of the company's stock.

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.