Polaris Capital Management LLC Lowers Holdings in Crocs, Inc. (NASDAQ:CROX)

Polaris Capital Management LLC decreased its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 3.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 343,177 shares of the textile maker’s stock after selling 11,500 shares during the period. Crocs accounts for about 1.8% of Polaris Capital Management LLC’s portfolio, making the stock its 22nd largest position. Polaris Capital Management LLC owned 0.59% of Crocs worth $37,588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CROX. Crossmark Global Holdings Inc. boosted its position in shares of Crocs by 55.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock worth $5,820,000 after purchasing an additional 14,387 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Crocs by 585.5% in the third quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock valued at $3,526,000 after purchasing an additional 20,797 shares during the period. Catalyst Capital Advisors LLC lifted its holdings in shares of Crocs by 2,775.6% during the third quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock worth $1,145,000 after purchasing an additional 7,633 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Crocs in the third quarter worth $2,024,000. Finally, International Assets Investment Management LLC acquired a new stake in Crocs during the 3rd quarter worth about $2,076,000. 93.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Robert W. Baird decreased their target price on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday. Needham & Company LLC initiated coverage on Crocs in a research report on Friday, November 22nd. They set a “buy” rating and a $116.00 price target on the stock. Monness Crespi & Hardt cut their price objective on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Guggenheim cut their price target on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, Raymond James lowered shares of Crocs from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $144.47.

Insider Buying and Selling

In other Crocs news, CFO Susan L. Healy bought 1,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was bought at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the completion of the transaction, the chief financial officer now owns 22,652 shares in the company, valued at approximately $2,258,404.40. The trade was a 4.62 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.72% of the stock is currently owned by insiders.

Crocs Stock Performance

NASDAQ CROX opened at $90.76 on Tuesday. The company has a fifty day moving average of $106.69 and a two-hundred day moving average of $120.19. Crocs, Inc. has a 1 year low of $89.61 and a 1 year high of $165.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90. The company has a market capitalization of $5.29 billion, a PE ratio of 6.58, a P/E/G ratio of 1.67 and a beta of 1.93.

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.