Teacher Retirement System of Texas Trims Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

Teacher Retirement System of Texas lessened its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 10.6% in the fourth quarter, HoldingsChannel reports. The firm owned 16,491 shares of the textile maker’s stock after selling 1,963 shares during the quarter. Teacher Retirement System of Texas’ holdings in Crocs were worth $1,806,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its stake in shares of Crocs by 46.6% during the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after purchasing an additional 142 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Crocs during the third quarter worth approximately $73,000. Jones Financial Companies Lllp grew its stake in Crocs by 38.3% in the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock worth $81,000 after acquiring an additional 206 shares during the period. Whipplewood Advisors LLC acquired a new position in Crocs in the 4th quarter valued at $96,000. Finally, Quarry LP purchased a new position in shares of Crocs during the 3rd quarter worth $104,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Performance

Crocs stock opened at $110.59 on Friday. 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, Inc. has a one year low of $88.25 and a one year high of $165.32. The stock’s 50 day moving average price is $102.66 and its 200 day moving average price is $113.14. The firm has a market capitalization of $6.20 billion, a PE ratio of 6.92, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84.

Crocs (NASDAQ:CROX) last released 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 net margin of 23.16% and a return on equity of 46.27%. As a group, sell-side analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CROX shares. KeyCorp dropped their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Barclays dropped their price objective on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. UBS Group raised their target price on shares of Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Bank of America increased their price target on shares of Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Needham & Company LLC restated a “buy” rating and set a $129.00 price objective on shares of Crocs in a report on Thursday, February 13th. Four equities 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.53.

Insider Buying and Selling

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 transaction of $511,325.25. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Adam Michaels sold 15,000 shares of the 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 owns 89,323 shares of the company’s stock, valued at approximately $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.