Crocs, Inc. (NASDAQ:CROX) Stock Holdings Lifted by Walter Public Investments Inc.

Walter Public Investments Inc. raised its stake in Crocs, Inc. (NASDAQ:CROX) by 5.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 70,475 shares of the textile maker’s stock after acquiring an additional 3,736 shares during the period. Walter Public Investments Inc.’s holdings in Crocs were worth $7,484,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Crocs by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock valued at $599,959,000 after buying an additional 47,576 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Crocs by 1,516.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock worth $145,299,000 after purchasing an additional 1,244,480 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in 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 purchasing an additional 429,994 shares during the period. Geode Capital Management LLC raised its stake in Crocs by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker’s stock valued at $116,644,000 after purchasing an additional 15,037 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Crocs by 9.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,046,600 shares of the textile maker’s stock valued at $114,632,000 after purchasing an additional 89,647 shares during the period. Institutional investors own 93.44% of the company’s stock.

Crocs Trading Down 0.9%

Crocs stock opened at $106.35 on Tuesday. The company’s fifty day simple moving average is $104.84 and its 200-day simple moving average is $103.28. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 0.75. Crocs, Inc. has a 12 month low of $86.11 and a 12 month high of $151.13. The stock has a market cap of $5.96 billion, a P/E ratio of 6.52, a P/E/G ratio of 2.23 and a beta of 1.38.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, beating the consensus estimate 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 23.35% and a return on equity of 43.07%. Crocs’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $3.02 EPS. As a group, sell-side analysts forecast that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Insider Transactions at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $115.89, for a total transaction of $352,769.16. Following the completion of the sale, the director directly owned 27,505 shares in the company, valued at $3,187,554.45. This represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on CROX shares. Bank of America cut their target price on shares of Crocs from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday, June 30th. The Goldman Sachs Group started coverage on shares of Crocs in a research note on Wednesday, July 2nd. They set a “sell” rating and a $88.00 target price on the stock. Piper Sandler cut their target price on shares of Crocs from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Loop Capital boosted their target price on shares of Crocs from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, April 1st. Finally, Needham & Company LLC boosted their target price on shares of Crocs from $118.00 to $129.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.13.

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.