Community Bank N.A. Trims Stock Position in Crocs, Inc. (NASDAQ:CROX)

Community Bank N.A. reduced its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 46.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 550 shares of the textile maker’s stock after selling 485 shares during the quarter. Community Bank N.A.’s holdings in Crocs were worth $60,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CROX. Victory Capital Management Inc. increased 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 valued at $3,028,000 after purchasing an additional 5,995 shares during the period. Natixis Advisors LLC increased its position in Crocs by 17.1% during the 3rd quarter. Natixis Advisors LLC now owns 12,221 shares of the textile maker’s stock valued at $1,770,000 after purchasing an additional 1,783 shares during the period. Pathstone Holdings LLC boosted its holdings in shares of Crocs by 24.2% during the 3rd quarter. Pathstone Holdings LLC now owns 12,797 shares of the textile maker’s stock valued at $1,853,000 after buying an additional 2,491 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Crocs by 109.5% during the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after buying an additional 208 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Crocs by 36.6% during the 3rd quarter. Cerity Partners LLC now owns 10,252 shares of the textile maker’s stock valued at $1,485,000 after buying an additional 2,745 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CROX has been the topic of a number of research reports. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. KeyCorp dropped their target price on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. UBS Group boosted their target price on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Guggenheim dropped 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. Finally, Bank of America boosted 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. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and an average target price of $143.53.

Insider Activity

In other news, EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the sale, the executive vice president now owns 29,299 shares of the company’s stock, valued at $3,215,565.25. This represents a 13.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Adam Michaels sold 15,000 shares of the company’s 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 sale, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at $9,529,870.87. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Crocs Price Performance

Shares of NASDAQ:CROX opened at $104.59 on Monday. Crocs, Inc. has a fifty-two week low of $88.25 and a fifty-two week high of $165.32. The business has a 50-day simple moving average of $102.14 and a two-hundred day simple moving average of $113.48. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 6.54, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping 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%. On average, analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current 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.