New York State Teachers Retirement System Has $7.93 Million Stake in Crocs, Inc. (NASDAQ:CROX)

New York State Teachers Retirement System trimmed its position in Crocs, Inc. (NASDAQ:CROX) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,899 shares of the textile maker’s stock after selling 6,669 shares during the quarter. New York State Teachers Retirement System owned 0.14% of Crocs worth $7,930,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Crocs by 0.6% during the first quarter. JPMorgan Chase & Co. now owns 160,588 shares of the textile maker’s stock worth $12,269,000 after acquiring an additional 972 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Crocs by 91.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 25,493 shares of the textile maker’s stock worth $1,948,000 after acquiring an additional 12,173 shares in the last quarter. HighTower Advisors LLC raised its stake in Crocs by 156.1% during the first quarter. HighTower Advisors LLC now owns 21,233 shares of the textile maker’s stock worth $1,623,000 after acquiring an additional 12,941 shares in the last quarter. Private Advisor Group LLC raised its stake in Crocs by 9.7% during the first quarter. Private Advisor Group LLC now owns 7,180 shares of the textile maker’s stock worth $549,000 after acquiring an additional 634 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Crocs by 2.7% during the first quarter. Rhumbline Advisers now owns 161,078 shares of the textile maker’s stock worth $12,306,000 after acquiring an additional 4,287 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, President Michelle Poole sold 4,793 shares of Crocs stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $119.15, for a total value of $571,085.95. Following the sale, the president now owns 64,912 shares of the company’s stock, valued at approximately $7,734,264.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, President Michelle Poole sold 4,793 shares of Crocs stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $119.15, for a total value of $571,085.95. Following the sale, the president now owns 64,912 shares of the company’s stock, valued at approximately $7,734,264.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John B. Replogle bought 1,972 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of $126.75 per share, for a total transaction of $249,951.00. Following the transaction, the director now owns 3,153 shares in the company, valued at approximately $399,642.75. The disclosure for this purchase can be found here. Insiders have sold 39,867 shares of company stock worth $4,786,276 in the last 90 days. Corporate insiders own 2.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CROX shares. KeyCorp increased their price objective on Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Raymond James raised their price target on Crocs from $120.00 to $145.00 and gave the company a “strong-buy” rating in a report on Friday, February 16th. Barclays began coverage on Crocs in a report on Monday, April 1st. They issued an “overweight” rating and a $167.00 price target on the stock. OTR Global upgraded Crocs from a “mixed” rating to a “positive” rating in a report on Thursday. Finally, B. Riley raised their target price on Crocs from $95.00 to $122.00 and gave the stock a “neutral” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Crocs currently has a consensus rating of “Moderate Buy” and an average target price of $149.30.

Crocs Trading Up 0.9 %

NASDAQ:CROX opened at $129.41 on Friday. Crocs, Inc. has a fifty-two week low of $74.00 and a fifty-two week high of $151.32. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 0.75. The stock has a market capitalization of $7.83 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 1.67 and a beta of 2.01. The business’s 50-day simple moving average is $124.59 and its 200-day simple moving average is $104.58.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, February 15th. The textile maker reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.20. Crocs had a return on equity of 61.97% and a net margin of 20.00%. The business had revenue of $960.10 million for the quarter, compared to analysts’ expectations of $958.39 million. During the same quarter in the previous year, the business posted $2.65 EPS. Crocs’s revenue for the quarter was up 1.6% on a year-over-year basis. Sell-side analysts expect that Crocs, Inc. will post 12.44 earnings per share for the current fiscal year.

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.