Crocs, Inc. (NASDAQ:CROX) Stock Holdings Lowered by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership trimmed its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 5.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 376,420 shares of the textile maker’s stock after selling 21,783 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Crocs were worth $41,229,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CROX. UMB Bank n.a. lifted its stake in 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 buying an additional 142 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Crocs in the 3rd quarter valued at approximately $73,000. Quarry LP acquired a new position in Crocs in the 3rd quarter worth approximately $104,000. Jones Financial Companies Lllp grew its position in Crocs by 38.3% during the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock worth $81,000 after purchasing an additional 206 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in Crocs during the 4th quarter valued at $96,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

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 shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the sale, the executive vice president now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 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 approximately $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. Company insiders own 2.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CROX. Barclays dropped their price target on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. UBS Group raised their price target on shares of Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Bank of America upped their price objective on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Guggenheim decreased their target price 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. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $143.53.

Crocs Stock Performance

Shares of NASDAQ CROX opened at $105.99 on Friday. The business’s 50-day simple moving average is $102.78 and its 200-day simple moving average is $113.01. 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, Inc. has a 52 week low of $88.25 and a 52 week high of $165.32. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 6.63, a P/E/G ratio of 1.80 and a beta of 1.84.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating 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%. As a group, equities research analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

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.