Community Bank N.A. Decreases Holdings in Crocs, Inc. (NASDAQ:CROX)

Community Bank N.A. lessened its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 46.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 550 shares of the textile maker’s stock after selling 485 shares during the period. Community Bank N.A.’s holdings in Crocs were worth $60,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in Crocs by 40.2% during the third quarter. Victory Capital Management Inc. now owns 20,907 shares of the textile maker’s stock worth $3,028,000 after purchasing an additional 5,995 shares during the period. Natixis Advisors LLC boosted its position in Crocs by 17.1% during the third quarter. Natixis Advisors LLC now owns 12,221 shares of the textile maker’s stock worth $1,770,000 after purchasing an additional 1,783 shares during the period. Pathstone Holdings LLC boosted its position in Crocs by 24.2% during the third quarter. Pathstone Holdings LLC now owns 12,797 shares of the textile maker’s stock worth $1,853,000 after purchasing an additional 2,491 shares during the period. Avior Wealth Management LLC boosted its position in Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock worth $58,000 after purchasing an additional 208 shares during the period. Finally, Cerity Partners LLC boosted its position in Crocs by 36.6% during the third quarter. Cerity Partners LLC now owns 10,252 shares of the textile maker’s stock worth $1,485,000 after purchasing an additional 2,745 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Trading Down 0.8 %

CROX stock opened at $104.59 on Monday. The company has a market capitalization of $5.86 billion, a PE ratio of 6.54, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a one year low of $88.25 and a one year high of $165.32. The company’s 50 day moving average price is $102.14 and its two-hundred day moving average price is $113.48. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18.

Crocs (NASDAQ:CROX) last posted 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 net margin of 23.16% and a return on equity of 46.27%. As a group, analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the transaction, the executive vice president now directly owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of Crocs 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 completion of 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 disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CROX shares. Loop Capital upgraded shares of Crocs from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Wednesday, March 12th. UBS Group raised their price objective on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. KeyCorp cut their price objective on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Bank of America raised their price objective on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Robert W. Baird cut their price objective 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. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Crocs has a consensus rating of “Moderate Buy” and a consensus target price of $143.53.

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.