Empirical Finance LLC Decreases Position in Crocs, Inc. (NASDAQ:CROX)

Empirical Finance LLC trimmed its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 13.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,606 shares of the textile maker’s stock after selling 1,366 shares during the period. Empirical Finance LLC’s holdings in Crocs were worth $943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Clear Harbor Asset Management LLC boosted its holdings in Crocs by 3.3% during the 4th quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker’s stock valued at $341,000 after acquiring an additional 100 shares during the period. Covestor Ltd lifted its position in Crocs by 10.3% in the third quarter. Covestor Ltd now owns 1,225 shares of the textile maker’s stock valued at $178,000 after purchasing an additional 114 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Crocs by 64.9% during the third quarter. UMB Bank n.a. now owns 305 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 120 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of Crocs by 83.0% in the third quarter. V Square Quantitative Management LLC now owns 313 shares of the textile maker’s stock worth $45,000 after purchasing an additional 142 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Crocs by 11.9% in the third quarter. KBC Group NV now owns 1,659 shares of the textile maker’s stock worth $240,000 after buying an additional 177 shares during the period. 93.44% of the stock is owned by institutional investors.

Crocs Price Performance

Shares of CROX opened at $90.76 on Tuesday. Crocs, Inc. has a twelve month low of $89.61 and a twelve month high of $165.32. The company has a market capitalization of $5.29 billion, a P/E ratio of 6.58, a price-to-earnings-growth ratio of 1.67 and a beta of 1.93. The firm has a 50 day moving average of $106.69 and a 200 day moving average of $120.19. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. UBS Group dropped their price target on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research report on Saturday, January 11th. Loop Capital lowered Crocs from a “buy” rating to a “hold” rating and dropped their price target for the company from $150.00 to $110.00 in a research report on Thursday, November 7th. KeyCorp decreased their price objective on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Finally, Monness Crespi & Hardt lowered their price objective on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $144.47.

Insider Buying and Selling at Crocs

In other Crocs news, CFO Susan L. Healy purchased 1,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were purchased at an average cost of $99.70 per share, with a total value of $99,700.00. Following the completion of the acquisition, the chief financial officer now directly owns 22,652 shares in the company, valued at $2,258,404.40. This trade represents a 4.62 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company 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.