Crocs, Inc. (NASDAQ:CROX) Shares Sold by Cerity Partners LLC

Cerity Partners LLC trimmed its holdings in Crocs, Inc. (NASDAQ:CROX) by 32.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,768 shares of the textile maker’s stock after selling 2,319 shares during the period. Cerity Partners LLC’s holdings in Crocs were worth $445,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Crocs by 185.0% in the 4th quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock worth $32,000 after buying an additional 222 shares during the last quarter. Mendota Financial Group LLC boosted its stake in Crocs by 50.6% in the 4th quarter. Mendota Financial Group LLC now owns 810 shares of the textile maker’s stock worth $76,000 after buying an additional 272 shares during the last quarter. CWM LLC boosted its stake in Crocs by 116.9% in the 3rd quarter. CWM LLC now owns 1,063 shares of the textile maker’s stock worth $94,000 after buying an additional 573 shares during the last quarter. NBC Securities Inc. acquired a new stake in Crocs in the 3rd quarter worth about $124,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Crocs in the 3rd quarter worth about $157,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Crocs news, Director Ian Bickley sold 16,785 shares of Crocs stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the sale, the director now directly owns 31,815 shares in the company, valued at approximately $3,819,390.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, President Michelle Poole sold 4,793 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $119.15, for a total value of $571,085.95. Following the completion of the sale, the president now directly owns 64,912 shares in the company, valued at approximately $7,734,264.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ian Bickley sold 16,785 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $120.05, for a total value of $2,015,039.25. Following the completion of the sale, the director now owns 31,815 shares of the company’s stock, valued at $3,819,390.75. The disclosure for this sale can be found here. Insiders have sold 39,867 shares of company stock worth $4,786,276 in the last three months. 2.69% of the stock is owned by insiders.

Crocs Stock Performance

Shares of NASDAQ:CROX opened at $123.51 on Friday. The company has a market cap of $7.47 billion, a P/E ratio of 9.64, a PEG ratio of 1.60 and a beta of 2.01. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.75 and a current ratio of 1.30. Crocs, Inc. has a one year low of $74.00 and a one year high of $150.28. The business’s 50-day simple moving average is $128.18 and its 200 day simple moving average is $107.18.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, February 15th. The textile maker reported $2.58 EPS for the quarter, beating the consensus estimate of $2.38 by $0.20. Crocs had a return on equity of 61.97% and a net margin of 20.00%. The business had revenue of $960.10 million for the quarter, compared to the consensus estimate of $958.39 million. During the same period last year, the business posted $2.65 EPS. The company’s revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts forecast that Crocs, Inc. will post 12.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on CROX. KeyCorp raised their price target on Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. B. Riley lifted their price objective on Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Raymond James lifted their price objective on Crocs from $120.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Friday, February 16th. Stifel Nicolaus lifted their price objective on Crocs from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, Bank of America lifted their price objective on Crocs from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Crocs presently has an average rating of “Moderate Buy” and an average price target of $145.17.

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.