138,286 Shares in Crocs, Inc. (NASDAQ:CROX) Purchased by Distillate Capital Partners LLC

Distillate Capital Partners LLC acquired a new position in Crocs, Inc. (NASDAQ:CROX) during the 4th quarter, HoldingsChannel reports. The fund acquired 138,286 shares of the textile maker’s stock, valued at approximately $15,146,000.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Crocs by 0.9% during 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 last quarter. Empowered Funds LLC boosted its position in Crocs by 42.0% during the fourth quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker’s stock worth $8,450,000 after acquiring an additional 22,809 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Crocs by 129.8% during the 4th quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker’s stock valued at $2,373,000 after acquiring an additional 12,245 shares in the last quarter. Impax Asset Management Group plc purchased a new stake in Crocs during the 4th quarter valued at about $684,000. Finally, Oppenheimer & Co. Inc. raised its holdings in Crocs by 39.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker’s stock valued at $1,888,000 after acquiring an additional 4,862 shares during the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Stock Performance

NASDAQ:CROX opened at $92.56 on Friday. Crocs, Inc. has a fifty-two week low of $86.11 and a fifty-two week high of $165.32. 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 company has a 50 day moving average price of $101.91 and a 200 day moving average price of $109.90. The stock has a market capitalization of $5.19 billion, a P/E ratio of 5.79, a PEG ratio of 1.80 and a beta of 1.62.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Guggenheim dropped their price target on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Stifel Nicolaus dropped their target price on Crocs from $138.00 to $127.00 and set a “buy” rating for the company in a report on Thursday. Bank of America raised their target price on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Barclays cut their price objective on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $140.00.

Insider Activity at Crocs

In other news, EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the transaction, the executive vice president now owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This trade represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by company insiders.

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.