New York State Common Retirement Fund Has $3.05 Million Position in Crocs, Inc. $CROX

New York State Common Retirement Fund trimmed its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 34.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,500 shares of the textile maker’s stock after selling 19,400 shares during the quarter. New York State Common Retirement Fund owned 0.07% of Crocs worth $3,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Allworth Financial LP grew its position in Crocs by 120.7% in the second quarter. Allworth Financial LP now owns 448 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 245 shares during the period. Ameritas Advisory Services LLC acquired a new position in Crocs in the second quarter worth $48,000. Employees Retirement System of Texas bought a new stake in Crocs during the 2nd quarter worth about $49,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Crocs during the second quarter worth approximately $58,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Crocs by 159.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 746 shares of the textile maker’s stock worth $79,000 after buying an additional 459 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CROX has been the subject of a number of research reports. Zacks Research lowered Crocs from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Robert W. Baird reissued a “neutral” rating and set a $100.00 price target on shares of Crocs in a research report on Wednesday, January 7th. Wall Street Zen cut Crocs from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Barclays boosted their price objective on shares of Crocs from $81.00 to $86.00 and gave the company an “equal weight” rating in a research report on Friday, October 31st. Finally, Weiss Ratings cut Crocs from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Crocs presently has an average rating of “Hold” and a consensus target price of $94.64.

Crocs Stock Up 1.6%

Crocs stock opened at $85.81 on Friday. The company’s 50-day moving average is $86.68 and its 200-day moving average is $85.17. The firm has a market capitalization of $4.46 billion, a PE ratio of 27.95 and a beta of 1.56. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.40 and a quick ratio of 0.83. Crocs, Inc. has a fifty-two week low of $73.21 and a fifty-two week high of $122.84.

Insider Buying and Selling at Crocs

In other Crocs news, Director John B. Replogle purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were acquired at an average price of $74.50 per share, for a total transaction of $223,500.00. Following the purchase, the director owned 18,417 shares in the company, valued at approximately $1,372,066.50. The trade was a 19.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.00% of the company’s stock.

Crocs Profile

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.