Loomis Sayles & Co. L P Sells 1,338 Shares of Crocs, Inc. (NASDAQ:CROX)

Loomis Sayles & Co. L P lessened its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 120,682 shares of the textile maker’s stock after selling 1,338 shares during the quarter. Loomis Sayles & Co. L P owned 0.21% of Crocs worth $13,218,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in shares of Crocs by 46.6% in the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after acquiring an additional 142 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Crocs during the 3rd quarter worth approximately $73,000. Jones Financial Companies Lllp raised its holdings in Crocs by 38.3% during the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock worth $81,000 after buying an additional 206 shares during the period. Whipplewood Advisors LLC bought a new position in Crocs in the fourth quarter valued at approximately $96,000. Finally, Quarry LP acquired a new position in shares of Crocs in the third quarter valued at approximately $104,000. 93.44% of the stock is currently owned by institutional investors.

Insider Transactions at Crocs

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

Crocs Price Performance

Shares of NASDAQ CROX opened at $105.99 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average price is $102.78 and its two-hundred day moving average price is $113.01. The company has a market cap of $5.94 billion, a PE ratio of 6.63, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a twelve month low of $88.25 and a twelve month high of $165.32.

Crocs (NASDAQ:CROX) last posted its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping 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%. On average, analysts predict that Crocs, Inc. will post 13.2 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Bank of America boosted 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. Needham & Company LLC reiterated a “buy” rating and set a $129.00 price objective on shares of Crocs in a report on Thursday, February 13th. Loop Capital raised Crocs from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Wednesday, March 12th. KeyCorp decreased their price target on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Four 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.