Crocs, Inc. (NASDAQ:CROX) Shares Sold by Blueshift Asset Management LLC

Blueshift Asset Management LLC trimmed its position in Crocs, Inc. (NASDAQ:CROX) by 40.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,989 shares of the textile maker’s stock after selling 4,748 shares during the quarter. Blueshift Asset Management LLC’s holdings in Crocs were worth $766,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 142 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Crocs by 109.5% in the 3rd quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker’s stock valued at $58,000 after purchasing an additional 208 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Crocs in the 3rd quarter valued at about $73,000. Jones Financial Companies Lllp raised its stake in shares of Crocs by 38.3% in the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock valued at $81,000 after acquiring an additional 206 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Crocs in the 4th quarter valued at approximately $96,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Price Performance

Shares of CROX opened at $106.98 on Thursday. Crocs, Inc. has a twelve month low of $88.25 and a twelve month high of $165.32. The firm’s fifty day simple moving average is $102.33 and its 200-day simple moving average is $114.19. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 1.80 and a beta of 1.84. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74.

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

Analysts Set New Price Targets

CROX has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $129.00 price target on shares of Crocs in a research note on Thursday, February 13th. KeyCorp reduced their price target on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. UBS Group boosted their price target on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Bank of America boosted their price target on shares of Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Guggenheim reduced their price target on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Crocs presently has a consensus rating of “Moderate Buy” and an average target price of $143.53.

Insider Activity at Crocs

In related news, EVP Shannon Sisler sold 4,659 shares of the 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 transaction, the executive vice president now directly owns 29,299 shares of the company’s stock, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Adam Michaels sold 15,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were 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 $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. Insiders own 2.72% of the company’s stock.

About Crocs

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.