State of Alaska Department of Revenue Acquires 12,245 Shares of Crocs, Inc. (NASDAQ:CROX)

State of Alaska Department of Revenue boosted its holdings in Crocs, Inc. (NASDAQ:CROX) by 129.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,678 shares of the textile maker’s stock after acquiring an additional 12,245 shares during the quarter. State of Alaska Department of Revenue’s holdings in Crocs were worth $2,373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cetera Investment Advisers grew its holdings in Crocs by 46.6% during the second quarter. Cetera Investment Advisers now owns 13,073 shares of the textile maker’s stock worth $1,908,000 after buying an additional 4,158 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Crocs by 64.9% in the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock worth $44,000 after acquiring an additional 120 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Crocs by 11.8% in the third quarter. Exchange Traded Concepts LLC now owns 14,488 shares of the textile maker’s stock valued at $2,098,000 after purchasing an additional 1,531 shares during the last quarter. Oliver Luxxe Assets LLC lifted its position in shares of Crocs by 113.7% during the third quarter. Oliver Luxxe Assets LLC now owns 16,462 shares of the textile maker’s stock valued at $2,384,000 after purchasing an additional 8,758 shares in the last quarter. Finally, Creative Planning grew its position in Crocs by 7.6% in the 3rd quarter. Creative Planning now owns 5,388 shares of the textile maker’s stock worth $780,000 after purchasing an additional 382 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Needham & Company LLC began coverage on Crocs in a research note on Friday, November 22nd. They issued a “buy” rating and a $116.00 target price on the stock. Guggenheim dropped their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Loop Capital lowered 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. Monness Crespi & Hardt decreased their price objective on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Robert W. Baird dropped their price objective on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $144.47.

Crocs Stock Down 2.8 %

CROX opened at $90.76 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The business’s fifty day simple moving average is $106.69 and its 200 day simple moving average is $120.19. Crocs, Inc. has a 52 week low of $89.61 and a 52 week high of $165.32. The stock has a market cap of $5.29 billion, a PE ratio of 6.58, a P/E/G ratio of 1.67 and a beta of 1.93.

Insiders Place Their Bets

In other news, CFO Susan L. Healy purchased 1,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were acquired at an average price of $99.70 per share, with a total value of $99,700.00. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.72% of the stock is currently owned by insiders.

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.