M&T Bank Corp Sells 766 Shares of Crocs, Inc. (NASDAQ:CROX)

M&T Bank Corp reduced its position in Crocs, Inc. (NASDAQ:CROX) by 21.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,777 shares of the textile maker’s stock after selling 766 shares during the quarter. M&T Bank Corp’s holdings in Crocs were worth $295,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Crocs by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock worth $599,959,000 after purchasing an additional 47,576 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Crocs by 1,516.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock worth $145,299,000 after acquiring an additional 1,244,480 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Crocs by 49.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker’s stock worth $143,309,000 after acquiring an additional 429,994 shares in the last quarter. Geode Capital Management LLC grew its position in Crocs by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker’s stock valued at $116,644,000 after buying an additional 15,037 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Crocs by 9.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,046,600 shares of the textile maker’s stock worth $114,632,000 after purchasing an additional 89,647 shares during the period. 93.44% of the stock is owned by institutional investors.

Insider Transactions at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $115.89, for a total transaction of $352,769.16. Following the completion of the transaction, the director directly owned 27,505 shares of the company’s stock, valued at approximately $3,187,554.45. This trade represents a 9.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

CROX has been the topic of a number of recent analyst reports. The Goldman Sachs Group started coverage on shares of Crocs in a research note on Wednesday, July 2nd. They issued a “sell” rating and a $88.00 target price on the stock. 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 report on Thursday, May 8th. Loop Capital boosted their target price on Crocs from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, April 1st. Barclays reduced their price target on shares of Crocs from $122.00 to $119.00 and set an “overweight” rating for the company in a research report on Friday, May 9th. Finally, Bank of America cut their price objective on Crocs from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, June 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Crocs presently has a consensus rating of “Moderate Buy” and an average price target of $135.13.

Crocs Stock Performance

NASDAQ CROX opened at $106.63 on Friday. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 6.53, a price-to-earnings-growth ratio of 2.14 and a beta of 1.38. 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 fifty-two week low of $86.11 and a fifty-two week high of $151.13. The business has a fifty day moving average of $105.57 and a 200-day moving average of $102.97.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.49. Crocs had a return on equity of 43.07% and a net margin of 23.35%. The company had revenue of $937.33 million during the quarter, compared to the consensus estimate of $907.07 million. During the same quarter in the prior year, the business earned $3.02 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. As a group, analysts predict that Crocs, Inc. will post 13.2 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.