Crocs, Inc. (NASDAQ:CROX) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its holdings in Crocs, Inc. (NASDAQ:CROX) by 6.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,334 shares of the textile maker’s stock after selling 10,265 shares during the quarter. New York State Common Retirement Fund owned approximately 0.25% of Crocs worth $16,028,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CROX. FMR LLC boosted its holdings in shares of Crocs by 4.8% in the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock valued at $1,289,908,000 after purchasing an additional 406,287 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of 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. State Street Corp boosted its holdings in Crocs by 0.7% in the third quarter. State Street Corp now owns 1,812,493 shares of the textile maker’s stock valued at $262,467,000 after acquiring an additional 13,467 shares during the last quarter. Rheos Capital Works Inc. grew its position in Crocs by 30.6% during the fourth quarter. Rheos Capital Works Inc. now owns 192,200 shares of the textile maker’s stock valued at $21,052,000 after acquiring an additional 45,000 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH grew its position in Crocs by 34.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock valued at $20,227,000 after acquiring an additional 46,890 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Crocs

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 89,323 shares of the company’s stock, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $511,325.25. Following the completion of the transaction, the executive vice president now owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. The trade was a 13.72 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Wall Street Analyst Weigh In

CROX has been the topic of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $129.00 price objective on shares of Crocs in a research note on Thursday, February 13th. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research report on Thursday. Guggenheim decreased their price objective on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Raymond James downgraded shares of Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Finally, UBS Group upped their price target on shares of Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.53.

Crocs Price Performance

Shares of NASDAQ CROX opened at $107.60 on Monday. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. Crocs, Inc. has a fifty-two week low of $88.25 and a fifty-two week high of $165.32. The business has a 50 day moving average price of $105.39 and a two-hundred day moving average price of $118.65. The firm has a market cap of $6.03 billion, a PE ratio of 6.73, a price-to-earnings-growth ratio of 1.80 and a beta of 1.93.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share 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%. Sell-side analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

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.