Alberta Investment Management Corp Makes New Investment in Crocs, Inc. (NASDAQ:CROX)

Alberta Investment Management Corp bought a new stake in shares of Crocs, Inc. (NASDAQ:CROX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,500 shares of the textile maker’s stock, valued at approximately $1,260,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its stake in shares of 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 period. FMR LLC raised its stake in Crocs by 4.8% in the 3rd quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock valued at $1,289,908,000 after acquiring an additional 406,287 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new position in Crocs during the third quarter worth about $17,122,000. Motley Fool Wealth Management LLC purchased a new position in shares of Crocs in the third quarter worth about $9,097,000. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in shares of Crocs by 34.0% in 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 in the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Trading Down 1.2 %

Shares of CROX stock opened at $107.60 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The business has a 50-day moving average of $105.39 and a 200 day moving average of $118.75. The stock has a market capitalization of $6.03 billion, a PE ratio of 6.73, a P/E/G ratio of 1.83 and a beta of 1.93. Crocs, Inc. has a 1-year low of $88.25 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX) last issued its 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, sell-side analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current year.

Insider Activity

In other news, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction that occurred 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 sale, the executive vice president now directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. This trade represents a 14.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of the company’s stock in a transaction that occurred 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 owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Barclays cut their price objective on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Robert W. Baird lowered their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a research report on Thursday. Bank of America boosted their target price on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $129.00 price target on shares of Crocs in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.53.

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.