Voya Investment Management LLC Sells 3,868 Shares of Crocs, Inc. (NASDAQ:CROX)

Voya Investment Management LLC lowered its stake in shares of Crocs, Inc. (NASDAQ:CROX) by 9.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,487 shares of the textile maker’s stock after selling 3,868 shares during the period. Voya Investment Management LLC’s holdings in Crocs were worth $3,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. increased its holdings in Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 142 shares during the last quarter. Allianz SE bought a new stake in shares of Crocs in the fourth quarter worth about $53,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Crocs in the third quarter worth about $73,000. TD Waterhouse Canada Inc. boosted its stake in Crocs by 425.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker’s stock valued at $74,000 after buying an additional 549 shares during the last quarter. Finally, Jones Financial Companies Lllp grew 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 valued at $81,000 after buying an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Down 1.8 %

Shares of CROX opened at $94.72 on Friday. The firm has a market capitalization of $5.31 billion, a P/E ratio of 5.92, a P/E/G ratio of 1.80 and a beta of 1.62. Crocs, Inc. has a 12-month low of $86.11 and a 12-month high of $165.32. The firm has a fifty day moving average price of $99.66 and a 200-day moving average price of $105.61. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74.

Crocs (NASDAQ:CROX) last issued its 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%. Equities research analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Bank of America upped their price objective on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Robert W. Baird decreased their price target on shares of Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Loop Capital lifted their price objective on shares of Crocs from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, April 1st. Barclays reduced their target price on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, Stifel Nicolaus lowered their price target on shares of Crocs from $138.00 to $127.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Crocs has an average rating of “Moderate Buy” and an average target price of $139.21.

Insider Buying and Selling at Crocs

In other news, EVP Shannon Sisler sold 4,659 shares of the company’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 owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the transaction, the executive vice president now directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. The trade was a 14.38 % 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 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.