Caisse DE Depot ET Placement DU Quebec Raises Holdings in Crocs, Inc. (NASDAQ:CROX)

Caisse DE Depot ET Placement DU Quebec lifted its position in Crocs, Inc. (NASDAQ:CROX) by 215.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 372,450 shares of the textile maker’s stock after purchasing an additional 254,212 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Crocs were worth $40,794,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Crocs by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock valued at $599,959,000 after acquiring an additional 47,576 shares during the last quarter. Pacer Advisors Inc. lifted its position in Crocs by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after purchasing an additional 577,467 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Crocs by 1,516.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock worth $145,299,000 after buying an additional 1,244,480 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Crocs by 49.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker’s stock valued at $143,309,000 after buying an additional 429,994 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Crocs by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker’s stock worth $116,644,000 after acquiring an additional 15,037 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Up 2.9 %

NASDAQ:CROX opened at $97.49 on Friday. The firm has a market capitalization of $5.46 billion, a P/E ratio of 6.10, a PEG ratio of 1.80 and a beta of 1.62. The company’s fifty day moving average price is $99.55 and its 200-day moving average price is $105.31. Crocs, Inc. has a 1-year low of $86.11 and a 1-year high of $165.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70.

Crocs (NASDAQ:CROX) last released its quarterly earnings data 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 return on equity of 46.27% and a net margin of 23.16%. As a group, equities research analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CROX. KeyCorp lowered their price objective on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. UBS Group raised their price target on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Loop Capital boosted their price objective on shares of Crocs from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, April 1st. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Barclays reduced their price target on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Crocs has a consensus rating of “Moderate Buy” and an average target price of $139.21.

Insider Buying and Selling at Crocs

In other news, EVP Shannon Sisler sold 4,659 shares of the firm’s 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 directly owns 29,299 shares in the company, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the transaction, 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. 2.72% of the stock is currently owned by corporate insiders.

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.