Blueshift Asset Management LLC Lowers Stake in Crocs, Inc. (NASDAQ:CROX)

Blueshift Asset Management LLC reduced its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 40.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,989 shares of the textile maker’s stock after selling 4,748 shares during the period. Blueshift Asset Management LLC’s holdings in Crocs were worth $766,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CROX. Victory Capital Management Inc. grew its position in Crocs by 40.2% during the 3rd quarter. Victory Capital Management Inc. now owns 20,907 shares of the textile maker’s stock worth $3,028,000 after purchasing an additional 5,995 shares during the last quarter. KBC Group NV boosted its holdings in shares of Crocs by 11.9% in the third quarter. KBC Group NV now owns 1,659 shares of the textile maker’s stock valued at $240,000 after acquiring an additional 177 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of Crocs by 17.1% in the third quarter. Natixis Advisors LLC now owns 12,221 shares of the textile maker’s stock valued at $1,770,000 after acquiring an additional 1,783 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Crocs in the third quarter valued at about $905,000. Finally, Pathstone Holdings LLC boosted its holdings in shares of Crocs by 24.2% in the third quarter. Pathstone Holdings LLC now owns 12,797 shares of the textile maker’s stock valued at $1,853,000 after acquiring an additional 2,491 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Crocs

In other news, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction dated 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 completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. This trade represents a 13.72 % 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.

Wall Street Analyst Weigh In

CROX has been the topic of several analyst reports. Guggenheim lowered their target price on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Loop Capital raised shares of Crocs from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a report on Wednesday, March 12th. Bank of America lifted their target price on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a report on Friday, February 14th. Robert W. Baird lowered their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. 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 research note on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $143.53.

Crocs Stock Performance

Shares of CROX opened at $106.98 on Thursday. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The stock has a market cap of $6.00 billion, a P/E ratio of 6.69, a PEG ratio of 1.80 and a beta of 1.84. The company has a 50-day moving average of $102.33 and a two-hundred day moving average of $114.19. Crocs, Inc. has a 12-month low of $88.25 and a 12-month high of $165.32.

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 net margin of 23.16% and a return on equity of 46.27%. As a group, research analysts predict that Crocs, Inc. will post 13.2 EPS 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.