Crocs, Inc. (NASDAQ:CROX) Holdings Lowered by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund trimmed its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,862 shares of the textile maker’s stock after selling 200 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Crocs were worth $1,299,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Avior Wealth Management LLC lifted its holdings in shares of Crocs by 109.5% during the third 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. UMB Bank n.a. lifted its holdings in shares of Crocs by 46.6% during the fourth 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. Wilmington Savings Fund Society FSB purchased a new stake in shares of Crocs during the third quarter valued at $73,000. Quarry LP purchased a new stake in Crocs in the 3rd quarter worth about $104,000. Finally, Huntington National Bank lifted its stake in Crocs by 178.5% in the 3rd quarter. Huntington National Bank now owns 738 shares of the textile maker’s stock worth $107,000 after acquiring an additional 473 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Loop Capital downgraded Crocs from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. KeyCorp reduced their price objective on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Barclays reduced their price objective on Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Robert W. Baird reduced their price objective on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $129.00 price objective on shares of Crocs in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $143.53.

Crocs Stock Performance

Shares of NASDAQ CROX opened at $99.57 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 6.23, a P/E/G ratio of 1.80 and a beta of 1.93. The business’s 50-day simple moving average is $104.78 and its 200-day simple moving average is $117.72. Crocs, Inc. has a 52 week low of $88.25 and a 52 week high of $165.32.

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

Insider Activity

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the firm’s 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 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Shannon Sisler sold 4,659 shares of the firm’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 completion of the sale, the executive vice president now directly owns 29,299 shares in the company, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by insiders.

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.