Swiss National Bank Sells 1,800 Shares of Crocs, Inc. (NASDAQ:CROX)

Swiss National Bank lowered its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,800 shares of the textile maker’s stock after selling 1,800 shares during the quarter. Swiss National Bank owned about 0.20% of Crocs worth $12,793,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. raised its holdings in Crocs by 39.6% during 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 in the last quarter. FMR LLC raised its stake in shares of 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Crocs in the 3rd quarter worth approximately $17,122,000. Motley Fool Wealth Management LLC bought a new stake in Crocs during the third quarter worth approximately $9,097,000. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings 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 valued at $20,227,000 after purchasing an additional 46,890 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CROX has been the subject of several recent analyst reports. KeyCorp decreased their price objective on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Loop Capital upgraded shares of Crocs from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Wednesday, March 12th. Guggenheim dropped their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Bank of America increased their target price on Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, UBS Group upped their price target on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.53.

Crocs Trading Up 3.4 %

Shares of CROX opened at $106.98 on Thursday. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The stock has a market cap of $6.00 billion, a PE ratio of 6.69, a PEG ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a 1 year low of $88.25 and a 1 year high of $165.32. The stock has a 50 day simple moving average of $102.33 and a 200-day simple moving average of $114.19.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. On average, sell-side analysts predict that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Insider Buying and Selling at Crocs

In other Crocs news, 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 completion of the transaction, the executive vice president now owns 89,323 shares in the company, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the business’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 completion of the transaction, the executive vice president now directly owns 29,299 shares in the company, 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. Company insiders own 2.72% of the company’s stock.

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.