Kirr Marbach & Co. LLC IN trimmed its stake in Crocs, Inc. (NASDAQ:CROX – Free Report) by 13.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,931 shares of the textile maker’s stock after selling 7,391 shares during the period. Kirr Marbach & Co. LLC IN owned 0.09% of Crocs worth $4,185,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Crocs by 4.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,435,466 shares of the textile maker’s stock worth $119,933,000 after buying an additional 67,216 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Crocs by 399.0% during the 3rd quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock valued at $105,841,000 after buying an additional 1,012,943 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Crocs by 5.8% during the 2nd quarter. Alliancebernstein L.P. now owns 1,180,405 shares of the textile maker’s stock valued at $119,551,000 after buying an additional 64,672 shares in the last quarter. LSV Asset Management grew its stake in shares of Crocs by 3.2% during the 3rd quarter. LSV Asset Management now owns 1,107,500 shares of the textile maker’s stock valued at $92,532,000 after acquiring an additional 34,380 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Crocs by 8.3% during the 3rd quarter. Invesco Ltd. now owns 767,541 shares of the textile maker’s stock valued at $64,128,000 after acquiring an additional 58,734 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.
Crocs Price Performance
CROX stock opened at $102.25 on Friday. Crocs, Inc. has a one year low of $73.21 and a one year high of $122.84. The company’s fifty day moving average price is $88.27 and its 200-day moving average price is $85.56. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.74 and a current ratio of 1.27. The company has a market capitalization of $5.14 billion, a PE ratio of -81.15, a price-to-earnings-growth ratio of 1.19 and a beta of 1.54.
Insider Buying and Selling at Crocs
In other news, EVP Anne Mehlman sold 12,145 shares of Crocs stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $100.06, for a total value of $1,215,228.70. Following the sale, the executive vice president directly owned 131,112 shares of the company’s stock, valued at approximately $13,119,066.72. The trade was a 8.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of research firms have commented on CROX. Seaport Research Partners upgraded shares of Crocs from a “neutral” rating to a “buy” rating and set a $135.00 target price on the stock in a research note on Tuesday. The Goldman Sachs Group upped their price target on shares of Crocs from $71.00 to $81.00 and gave the stock a “sell” rating in a research report on Friday, February 13th. Robert W. Baird set a $110.00 price objective on shares of Crocs in a research note on Friday, February 13th. UBS Group raised their price objective on shares of Crocs from $85.00 to $97.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Finally, Monness Crespi & Hardt lifted their target price on shares of Crocs from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $101.45.
Check Out Our Latest Stock Analysis on CROX
Crocs Company Profile
Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.
Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.
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