Mutual of America Capital Management LLC Has $3.50 Million Stock Position in Crocs, Inc. (NASDAQ:CROX)

Mutual of America Capital Management LLC decreased its position in shares of Crocs, Inc. (NASDAQ:CROX) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,446 shares of the textile maker’s stock after selling 2,631 shares during the period. Mutual of America Capital Management LLC’s holdings in Crocs were worth $3,498,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates boosted its position in Crocs by 235.8% during the fourth quarter. Raymond James & Associates now owns 58,514 shares of the textile maker’s stock valued at $5,466,000 after purchasing an additional 41,091 shares during the last quarter. BW Gestao de Investimentos Ltda. bought a new position in Crocs during the third quarter valued at about $17,646,000. Tealwood Asset Management Inc. bought a new position in Crocs during the fourth quarter valued at about $865,000. Teachers Retirement System of The State of Kentucky raised its holdings in Crocs by 27.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 38,609 shares of the textile maker’s stock valued at $3,407,000 after buying an additional 8,297 shares in the last quarter. Finally, WealthPlan Investment Management LLC bought a new position in Crocs during the third quarter valued at about $575,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Stifel Nicolaus raised their target price on Crocs from $132.00 to $140.00 and gave the company a “buy” rating in a report on Friday, February 16th. Piper Sandler raised their target price on Crocs from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Bank of America raised their target price on Crocs from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. KeyCorp lifted 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. Finally, Raymond James lifted their price objective on Crocs from $120.00 to $145.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 16th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Crocs has an average rating of “Moderate Buy” and an average target price of $147.09.

Crocs Trading Down 1.1 %

Shares of CROX opened at $119.33 on Thursday. Crocs, Inc. has a 12-month low of $74.00 and a 12-month high of $151.32. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 1.55 and a beta of 2.01. The stock’s 50-day moving average price is $126.50 and its 200 day moving average price is $105.74.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, February 15th. The textile maker reported $2.58 earnings per share (EPS) 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 firm had revenue of $960.10 million for the quarter, compared to analyst estimates of $958.39 million. During the same period in the previous year, the company posted $2.65 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, research analysts predict that Crocs, Inc. will post 12.46 earnings per share for the current year.

Insider Buying and Selling at Crocs

In other Crocs news, Director Ian Bickley sold 16,785 shares of Crocs stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the sale, the director now directly owns 31,815 shares of the company’s stock, valued at $3,819,390.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Crocs news, Director Ian Bickley sold 16,785 shares of Crocs stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the sale, the director now directly owns 31,815 shares of the company’s stock, valued at $3,819,390.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michelle Poole sold 4,793 shares of Crocs stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $119.15, for a total value of $571,085.95. Following the sale, the president now directly owns 64,912 shares in the company, valued at $7,734,264.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,867 shares of company stock valued at $4,786,276. 2.69% of the stock is currently owned by corporate insiders.

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.