Crocs, Inc. (NASDAQ:CROX) Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC boosted its holdings in Crocs, Inc. (NASDAQ:CROX) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,189 shares of the textile maker’s stock after acquiring an additional 1,330 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Crocs were worth $1,554,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of the sale, the executive vice president now owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. The trade was a 13.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Adam Michaels sold 15,000 shares of the stock in a transaction on 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 $9,529,870.87. The trade was a 14.38 % 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 Stock Performance

Shares of NASDAQ CROX opened at $95.97 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. Crocs, Inc. has a one year low of $88.25 and a one year high of $165.32. The business’s 50-day moving average price is $103.02 and its two-hundred day moving average price is $112.40. The company has a market capitalization of $5.38 billion, a P/E ratio of 6.00, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, beating 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%. Analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CROX shares. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $129.00 target price on shares of Crocs in a report on Thursday, February 13th. KeyCorp dropped their target price on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Robert W. Baird reduced their price target on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Finally, Loop Capital lifted their price objective on shares of Crocs from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Crocs has a consensus rating of “Moderate Buy” and an average target price of $144.53.

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.