No Street GP LP Has $54.69 Million Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

No Street GP LP decreased its stake in Crocs, Inc. (NASDAQ:CROX) by 10.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 499,273 shares of the textile maker’s stock after selling 61,053 shares during the quarter. Crocs accounts for about 3.6% of No Street GP LP’s investment portfolio, making the stock its 12th largest holding. No Street GP LP owned 0.86% of Crocs worth $54,685,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CROX. UMB Bank n.a. lifted its stake in Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after buying an additional 142 shares in the last quarter. Allianz SE purchased a new stake in shares of Crocs in the 4th quarter valued at approximately $53,000. TD Waterhouse Canada Inc. lifted its position in shares of Crocs by 425.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker’s stock valued at $74,000 after acquiring an additional 549 shares in the last quarter. Jones Financial Companies Lllp boosted 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 purchasing an additional 206 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in Crocs during the 4th quarter worth approximately $96,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Trading Up 1.2%

Shares of Crocs stock opened at $120.26 on Wednesday. Crocs, Inc. has a 52-week low of $86.11 and a 52-week high of $165.32. The firm has a market capitalization of $6.74 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The company’s fifty day moving average price is $100.52 and its two-hundred day moving average price is $103.83.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.49. The business had revenue of $937.33 million for the quarter, compared to analysts’ expectations of $907.07 million. Crocs had a net margin of 23.16% and a return on equity of 46.27%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.02 earnings per share. On average, analysts expect that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Buying and Selling at Crocs

In other news, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of the transaction, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. The trade was a 13.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Adam Michaels sold 15,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $9,529,870.87. The trade was a 14.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,703 shares of company stock worth $2,464,444 over the last three months. Company insiders own 2.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on CROX shares. Needham & Company LLC increased their target price on Crocs from $118.00 to $129.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Guggenheim dropped their price target on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Bank of America raised their price objective on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Loop Capital lifted their target price on Crocs from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, April 1st. Finally, Robert W. Baird decreased their price target on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $139.79.

About Crocs

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.