Amalgamated Bank Has $3.08 Million Holdings in Crocs, Inc. (NASDAQ:CROX)

Amalgamated Bank decreased its holdings in Crocs, Inc. (NASDAQ:CROX) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,109 shares of the textile maker’s stock after selling 111 shares during the period. Amalgamated Bank’s holdings in Crocs were worth $3,079,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CROX. Crossmark Global Holdings Inc. increased its stake in Crocs by 55.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock valued at $5,820,000 after buying an additional 14,387 shares during the period. Meeder Asset Management Inc. grew its holdings in shares of Crocs by 585.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock valued at $3,526,000 after acquiring an additional 20,797 shares in the last quarter. Catalyst Capital Advisors LLC increased its stake in shares of Crocs by 2,775.6% in the third quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock worth $1,145,000 after acquiring an additional 7,633 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Crocs during the third quarter worth $2,024,000. Finally, International Assets Investment Management LLC acquired a new stake in Crocs during the third quarter valued at $2,076,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on CROX. Robert W. Baird dropped their target price on Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Barclays dropped their price objective on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Loop Capital cut shares of Crocs from a “buy” rating to a “hold” rating and reduced their target price for the company from $150.00 to $110.00 in a research note on Thursday, November 7th. KeyCorp decreased their target price on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Finally, Needham & Company LLC restated a “buy” rating and set a $129.00 price target on shares of Crocs in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $143.53.

Insider Buying and Selling at Crocs

In other news, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total transaction 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 approximately $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares in the company, valued at approximately $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.

Crocs Price Performance

NASDAQ CROX opened at $99.57 on Friday. The stock has a 50-day simple moving average of $104.78 and a 200 day simple moving average of $117.72. Crocs, Inc. has a twelve month low of $88.25 and a twelve month high of $165.32. The stock has a market capitalization of $5.58 billion, a PE ratio of 6.23, a P/E/G ratio of 1.80 and a beta of 1.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Research analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

Crocs 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.