Crocs, Inc. (NASDAQ:CROX) Stock Position Lifted by Vestcor Inc

Vestcor Inc lifted its position in shares of Crocs, Inc. (NASDAQ:CROX) by 16.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,931 shares of the textile maker’s stock after acquiring an additional 1,700 shares during the period. Vestcor Inc’s holdings in Crocs were worth $1,307,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. UMB Bank n.a. grew its holdings in shares of Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 142 shares during the last quarter. Avior Wealth Management LLC increased its position in Crocs by 109.5% in the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after buying an additional 208 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Crocs in the third quarter valued at $73,000. Jones Financial Companies Lllp boosted its holdings in shares of Crocs by 38.3% during the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock valued at $81,000 after acquiring an additional 206 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Crocs in the 4th quarter worth about $96,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CROX has been the subject of several recent analyst reports. Robert W. Baird decreased their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Guggenheim decreased their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 3rd. UBS Group boosted their price target on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. StockNews.com lowered Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, KeyCorp reduced their price objective on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $143.53.

Insiders Place Their Bets

In other news, EVP Shannon Sisler sold 4,659 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 29,299 shares of the company’s stock, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the transaction, the executive vice president now directly owns 89,323 shares in the company, 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. Corporate insiders own 2.72% of the company’s stock.

Crocs Trading Down 1.4 %

Shares of NASDAQ:CROX opened at $98.60 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 6.17, a PEG ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a 1-year low of $88.25 and a 1-year high of $165.32. The company has a 50 day moving average price of $102.70 and a 200 day moving average price of $115.03.

Crocs (NASDAQ:CROX) last announced its earnings results 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 return on equity of 46.27% and a net margin of 23.16%. On average, research analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal 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.