State of Alaska Department of Revenue Purchases 2,558 Shares of Crocs, Inc. (NASDAQ:CROX)

State of Alaska Department of Revenue increased its position in shares of Crocs, Inc. (NASDAQ:CROXFree Report) by 39.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,103 shares of the textile maker’s stock after purchasing an additional 2,558 shares during the quarter. State of Alaska Department of Revenue’s holdings in Crocs were worth $1,308,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. WIT Partners Advisory Pte. Ltd. bought a new stake in Crocs during the fourth quarter worth about $266,431,000. Coatue Management LLC lifted its position in Crocs by 836.7% during the fourth quarter. Coatue Management LLC now owns 1,029,765 shares of the textile maker’s stock worth $96,190,000 after purchasing an additional 919,835 shares during the period. Norges Bank bought a new stake in Crocs during the fourth quarter worth about $72,211,000. Pacer Advisors Inc. lifted its position in Crocs by 13.4% during the fourth quarter. Pacer Advisors Inc. now owns 771,305 shares of the textile maker’s stock worth $72,048,000 after purchasing an additional 91,318 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Crocs by 46.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 770,281 shares of the textile maker’s stock worth $71,952,000 after purchasing an additional 245,240 shares during the period. Institutional investors own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Bank of America increased their target price on shares of Crocs from $160.00 to $187.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. B. Riley increased their target price on shares of Crocs from $95.00 to $122.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. KeyCorp increased their target price on shares of Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Stifel Nicolaus increased their target price on shares of Crocs from $140.00 to $158.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, Monness Crespi & Hardt increased their target price on shares of Crocs from $140.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Four investment analysts have rated the stock with a hold rating, eight have issued 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 price target of $154.83.

Read Our Latest Report on Crocs

Insider Buying and Selling at Crocs

In other Crocs news, CEO Andrew Rees sold 10,000 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $160.15, for a total transaction of $1,601,500.00. Following the completion of the sale, the chief executive officer now owns 79,748 shares of the company’s stock, valued at approximately $12,771,642.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Crocs news, EVP Shannon Sisler sold 1,404 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $149.96, for a total transaction of $210,543.84. Following the transaction, the executive vice president now directly owns 37,103 shares in the company, valued at approximately $5,563,965.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Rees sold 10,000 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $160.15, for a total value of $1,601,500.00. Following the transaction, the chief executive officer now owns 79,748 shares in the company, valued at $12,771,642.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,178 shares of company stock valued at $4,597,445. 2.72% of the stock is currently owned by company insiders.

Crocs Stock Performance

NASDAQ:CROX opened at $144.52 on Tuesday. The company has a market capitalization of $8.77 billion, a PE ratio of 11.19, a P/E/G ratio of 1.60 and a beta of 2.00. The company has a 50 day simple moving average of $146.49 and a two-hundred day simple moving average of $126.82. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.14 and a current ratio of 1.76. Crocs, Inc. has a fifty-two week low of $74.00 and a fifty-two week high of $165.32.

Crocs (NASDAQ:CROXGet Free Report) last released its earnings results on Tuesday, May 7th. The textile maker reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.25 by $0.77. The business had revenue of $938.60 million during the quarter, compared to the consensus estimate of $884.29 million. Crocs had a net margin of 19.80% and a return on equity of 56.33%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.61 EPS. Research analysts anticipate that Crocs, Inc. will post 12.7 earnings per share for the current year.

Crocs 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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