Natixis Makes New Investment in Crocs, Inc. (NASDAQ:CROX)

Natixis purchased a new stake in Crocs, Inc. (NASDAQ:CROX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 84,657 shares of the textile maker’s stock, valued at approximately $9,272,000. Natixis owned approximately 0.15% of Crocs at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership lifted its holdings in Crocs by 1,516.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock valued at $145,299,000 after acquiring an additional 1,244,480 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Crocs by 39.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after purchasing an additional 577,467 shares during the last quarter. Norges Bank acquired a new position in shares of Crocs in the 4th quarter valued at $62,221,000. Altshuler Shaham Ltd grew its holdings in shares of Crocs by 30,778.0% during the 4th quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker’s stock worth $50,055,000 after purchasing an additional 455,515 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Crocs by 38.9% during the 4th quarter. Alliancebernstein L.P. now owns 966,769 shares of the textile maker’s stock worth $105,890,000 after purchasing an additional 270,598 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insiders Place Their Bets

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of the business’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 transaction, the executive vice president now directly owns 29,299 shares in the company, valued at approximately $3,215,565.25. The trade was a 13.72 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by insiders.

Crocs Stock Performance

Shares of CROX stock opened at $90.72 on Monday. Crocs, Inc. has a 1 year low of $86.11 and a 1 year high of $165.32. 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 $5.09 billion, a price-to-earnings ratio of 5.67, a PEG ratio of 1.80 and a beta of 1.62. The stock’s 50-day moving average is $101.62 and its two-hundred day moving average is $107.83.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, beating 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%. Analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $129.00 price target on shares of Crocs in a research report on Thursday, February 13th. UBS Group lifted their target price on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Barclays decreased their price target on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, KeyCorp decreased their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $140.00.

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.