Empirical Finance LLC Sells 1,366 Shares of Crocs, Inc. (NASDAQ:CROX)

Empirical Finance LLC trimmed its position in shares of Crocs, Inc. (NASDAQ:CROX) by 13.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,606 shares of the textile maker’s stock after selling 1,366 shares during the quarter. Empirical Finance LLC’s holdings in Crocs were worth $943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CROX. Financial Management Professionals Inc. increased its position in Crocs by 11,200.0% during the third quarter. Financial Management Professionals Inc. now owns 226 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 224 shares during the last quarter. UMB Bank n.a. increased its position in shares of Crocs by 64.9% during the 3rd quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 120 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Crocs by 83.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after purchasing an additional 142 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of 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 last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Crocs during the third quarter valued at approximately $73,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Susan L. Healy bought 1,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average cost of $99.70 per share, for a total transaction of $99,700.00. Following the transaction, the chief financial officer now owns 22,652 shares of the company’s stock, valued at $2,258,404.40. The trade was a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.72% of the company’s stock.

Crocs Stock Performance

CROX opened at $90.76 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 1.67 and a beta of 1.93. The company has a fifty day moving average of $106.69 and a 200 day moving average of $120.19. Crocs, Inc. has a fifty-two week low of $89.61 and a fifty-two week high of $165.32.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Loop Capital downgraded shares of Crocs from a “buy” rating to a “hold” rating and decreased their price target for the stock from $150.00 to $110.00 in a research report on Thursday, November 7th. Raymond James cut Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Barclays cut their price target on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a research note on Saturday, January 11th. Finally, Guggenheim cut their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $144.47.

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.