Covestor Ltd Has $184,000 Holdings in Crocs, Inc. (NASDAQ:CROX)

Covestor Ltd boosted its position in Crocs, Inc. (NASDAQ:CROX) by 37.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,678 shares of the textile maker’s stock after buying an additional 453 shares during the period. Covestor Ltd’s holdings in Crocs were worth $184,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Crocs by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock valued at $599,959,000 after purchasing an additional 47,576 shares during the period. Pacer Advisors Inc. lifted its stake in 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. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Crocs by 1,516.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock worth $145,299,000 after buying an additional 1,244,480 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Crocs by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker’s stock worth $116,644,000 after buying an additional 15,037 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Crocs by 38.9% in the 4th quarter. Alliancebernstein L.P. now owns 966,769 shares of the textile maker’s stock valued at $105,890,000 after acquiring an additional 270,598 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Crocs Stock Performance

Shares of CROX stock opened at $95.50 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 $5.35 billion, a price-to-earnings ratio of 5.97, a P/E/G ratio of 1.80 and a beta of 1.62. Crocs, Inc. has a 52 week low of $86.11 and a 52 week high of $165.32. The firm’s 50-day simple moving average is $102.01 and its two-hundred day simple moving average is $110.25.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping analysts’ consensus estimates 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, equities analysts forecast that Crocs, Inc. will post 13.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Guggenheim reduced their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Loop Capital lifted their price target on shares of Crocs from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, April 1st. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Barclays dropped their price objective on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Finally, Stifel Nicolaus decreased their target price on shares of Crocs from $138.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.93.

Insider Activity

In related news, EVP Adam Michaels sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 directly owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This trade represents a 14.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $109.75, for a total transaction of $511,325.25. Following the completion of the transaction, the executive vice president now owns 29,299 shares of the company’s stock, valued at $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.