Retirement Systems of Alabama Increases Position in Crocs, Inc. (NASDAQ:CROX)

Retirement Systems of Alabama lifted its stake in Crocs, Inc. (NASDAQ:CROX) by 8.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 164,264 shares of the textile maker’s stock after purchasing an additional 12,326 shares during the quarter. Retirement Systems of Alabama’s holdings in Crocs were worth $17,992,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. grew its stake in shares of Crocs by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock worth $223,126,000 after acquiring an additional 577,467 shares during the last quarter. FMR LLC boosted its stake in Crocs by 4.8% in the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock worth $1,289,908,000 after purchasing an additional 406,287 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Crocs during the 3rd quarter valued at about $17,122,000. Motley Fool Wealth Management LLC bought a new stake in Crocs during the 3rd quarter valued at about $9,097,000. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in Crocs by 34.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock worth $20,227,000 after buying an additional 46,890 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insiders Place Their Bets

In other Crocs news, CFO Susan L. Healy acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average price of $99.70 per share, with a total value of $99,700.00. Following the completion of the purchase, the chief financial officer now directly owns 22,652 shares in the company, valued at approximately $2,258,404.40. The trade was a 4.62 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.72% of the stock is currently owned by company insiders.

Crocs Stock Down 1.5 %

Shares of CROX stock opened at $95.52 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. Crocs, Inc. has a one year low of $95.05 and a one year high of $165.32. The company’s fifty day moving average price is $107.31 and its 200-day moving average price is $120.84. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 6.93, a PEG ratio of 1.78 and a beta of 1.93.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CROX. Barclays reduced their price target on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Robert W. Baird reduced their target price on Crocs from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. KeyCorp lowered their price target on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. UBS Group reduced their price objective on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, Loop Capital cut shares of Crocs from a “buy” rating to a “hold” rating and lowered their target price for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $146.47.

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.