Amalgamated Bank Sells 111 Shares of Crocs, Inc. (NASDAQ:CROX)

Amalgamated Bank reduced its stake in Crocs, Inc. (NASDAQ:CROX) by 0.4% during the 4th quarter, HoldingsChannel reports. The firm owned 28,109 shares of the textile maker’s stock after selling 111 shares during the quarter. Amalgamated Bank’s holdings in Crocs were worth $3,079,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Avior Wealth Management LLC boosted its stake in Crocs by 109.5% in the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after buying an additional 208 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after purchasing an additional 142 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Crocs in the third quarter valued at about $73,000. Quarry LP acquired a new position in Crocs in the third quarter valued at about $104,000. Finally, Huntington National Bank increased its holdings in shares of Crocs by 178.5% during the third quarter. Huntington National Bank now owns 738 shares of the textile maker’s stock worth $107,000 after buying an additional 473 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Bank of America boosted their target price on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a report on Friday, February 14th. UBS Group increased their target price on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Barclays cut their price target on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Friday, February 14th. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Needham & Company LLC restated a “buy” rating and issued a $129.00 price objective on shares of Crocs in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and an average price target of $143.53.

Crocs Stock Performance

Shares of Crocs stock opened at $99.57 on Friday. The firm has a fifty day moving average of $104.78 and a two-hundred day moving average of $117.72. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 6.23, a PEG ratio of 1.80 and a beta of 1.93. Crocs, Inc. has a 52 week low of $88.25 and a 52 week high of $165.32.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. As a group, equities research analysts predict that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Buying and Selling at Crocs

In other Crocs news, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the transaction, the executive vice president now directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Shannon Sisler sold 4,659 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now owns 29,299 shares in the company, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Crocs Company 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.