Crocs, Inc. (NASDAQ:CROX) Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its position in shares of Crocs, Inc. (NASDAQ:CROX) by 24.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,178 shares of the textile maker’s stock after selling 52,892 shares during the quarter. First Trust Advisors LP owned about 0.28% of Crocs worth $17,873,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Crocs by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock valued at $599,959,000 after buying an additional 47,576 shares during the period. Empowered Funds LLC raised its stake in shares of Crocs by 42.0% in the 4th quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker’s stock valued at $8,450,000 after acquiring an additional 22,809 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Crocs by 129.8% during the 4th quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker’s stock valued at $2,373,000 after acquiring an additional 12,245 shares in the last quarter. Impax Asset Management Group plc purchased a new stake in Crocs during the 4th quarter worth $684,000. Finally, Oppenheimer & Co. Inc. increased its holdings in Crocs by 39.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker’s stock valued at $1,888,000 after purchasing an additional 4,862 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Stock Down 1.1 %

NASDAQ:CROX opened at $97.68 on Friday. The stock has a 50-day simple moving average of $100.66 and a 200 day simple moving average of $106.57. Crocs, Inc. has a one year low of $86.11 and a one year high of $165.32. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 6.11, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. 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 earnings per share for the quarter, beating 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%. Sell-side analysts predict that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Barclays decreased their price target on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Friday, February 14th. UBS Group lifted their price objective on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. KeyCorp reduced their target price on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Bank of America raised their price target on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $140.00.

Insider Transactions at Crocs

In other Crocs news, 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 directly owns 29,299 shares in the company, valued at $3,215,565.25. The trade was a 13.72 % decrease in their ownership of the stock. The sale was disclosed in a legal 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 that occurred 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 of the company’s stock, valued at $9,529,870.87. This trade represents a 14.38 % 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 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.