Crocs, Inc. (NASDAQ:CROX) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its stake in Crocs, Inc. (NASDAQ:CROX) by 10.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,491 shares of the textile maker’s stock after selling 1,963 shares during the period. Teacher Retirement System of Texas’ holdings in Crocs were worth $1,806,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in Crocs by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after buying an additional 577,467 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Crocs in the 3rd quarter valued at about $17,122,000. Motley Fool Wealth Management LLC acquired a new stake in shares of Crocs during the 3rd quarter worth about $9,097,000. Fort Washington Investment Advisors Inc. OH lifted its stake in Crocs by 34.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock worth $20,227,000 after purchasing an additional 46,890 shares during the last quarter. Finally, Rheos Capital Works Inc. increased its stake in Crocs by 30.6% in the fourth quarter. Rheos Capital Works Inc. now owns 192,200 shares of the textile maker’s stock valued at $21,052,000 after purchasing an additional 45,000 shares during the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Price Performance

Crocs stock opened at $110.59 on Friday. The company has a market cap of $6.20 billion, a P/E ratio of 6.92, 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 business has a fifty day moving average of $102.66 and a two-hundred day moving average of $113.14. 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 announced its quarterly earnings data 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 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.

Insider Activity at Crocs

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the sale, the executive vice president now owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $1,600,350.00. Following the transaction, the executive vice president now directly owns 89,323 shares of the company’s stock, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CROX. Loop Capital raised Crocs from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a report on Wednesday, March 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $129.00 price target on shares of Crocs in a research report on Thursday, February 13th. 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. UBS Group lifted their target price on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Finally, Guggenheim decreased their price target on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $143.53.

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.