California State Teachers Retirement System Reduces Stock Holdings in Crocs, Inc. (NASDAQ:CROX)

California State Teachers Retirement System decreased its holdings in Crocs, Inc. (NASDAQ:CROXFree Report) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,119 shares of the textile maker’s stock after selling 3,272 shares during the quarter. California State Teachers Retirement System owned about 0.11% of Crocs worth $6,083,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Byrne Asset Management LLC raised its holdings in Crocs by 60.0% in the fourth quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock worth $30,000 after purchasing an additional 120 shares in the last quarter. Blue Trust Inc. raised its holdings in Crocs by 185.0% in the fourth quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock worth $32,000 after purchasing an additional 222 shares in the last quarter. Quest Partners LLC bought a new position in Crocs in the fourth quarter worth $53,000. Harvest Fund Management Co. Ltd bought a new position in Crocs in the fourth quarter worth $56,000. Finally, Manchester Capital Management LLC raised its holdings in Crocs by 1,673.5% in the fourth quarter. Manchester Capital Management LLC now owns 603 shares of the textile maker’s stock worth $56,000 after purchasing an additional 569 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

CROX has been the subject of a number of research reports. Barclays increased their price objective on Crocs from $167.00 to $169.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. 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. Piper Sandler raised their price target on Crocs from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Williams Trading restated a “hold” rating and set a $125.00 price target (down from $135.00) on shares of Crocs in a report on Tuesday, April 16th. Finally, UBS Group raised their price target on Crocs from $124.00 to $148.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $151.75.

View Our Latest Stock Report on CROX

Insiders Place Their Bets

In other news, Director John B. Replogle bought 1,972 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were acquired at an average cost of $126.75 per share, with a total value of $249,951.00. Following the completion of the transaction, the director now owns 3,153 shares of the company’s stock, valued at approximately $399,642.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Thomas J. Smach sold 10,174 shares of Crocs stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $140.32, for a total transaction of $1,427,615.68. Following the transaction, the director now directly owns 115,339 shares of the company’s stock, valued at approximately $16,184,368.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John B. Replogle acquired 1,972 shares of the stock in a transaction dated Thursday, March 14th. The shares were bought at an average cost of $126.75 per share, for a total transaction of $249,951.00. Following the completion of the transaction, the director now owns 3,153 shares in the company, valued at $399,642.75. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 13,028 shares of company stock valued at $1,859,024. Insiders own 2.72% of the company’s stock.

Crocs Trading Up 4.8 %

Crocs stock opened at $154.08 on Tuesday. The stock has a market capitalization of $9.35 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 1.66 and a beta of 1.97. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.76 and a quick ratio of 1.14. The business’s fifty day moving average is $136.53 and its 200 day moving average is $119.55. Crocs, Inc. has a one year low of $74.00 and a one year high of $158.11.

Crocs (NASDAQ:CROXGet Free Report) last announced its earnings results on Tuesday, May 7th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.77. The business had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $884.29 million. Crocs had a return on equity of 56.33% and a net margin of 19.80%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $2.61 earnings per share. On average, sell-side analysts predict that Crocs, Inc. will post 12.66 EPS for the current year.

Crocs Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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