Gotham Asset Management LLC Purchases 19,803 Shares of Crocs, Inc. (NASDAQ:CROX)

Gotham Asset Management LLC boosted its position in shares of Crocs, Inc. (NASDAQ:CROX) by 108.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,052 shares of the textile maker’s stock after buying an additional 19,803 shares during the period. Gotham Asset Management LLC owned approximately 0.07% of Crocs worth $4,168,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in Crocs by 46.6% during the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 142 shares in the last quarter. Allianz SE purchased a new stake in shares of Crocs during the 4th quarter valued at about $53,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Crocs by 425.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 678 shares of the textile maker’s stock valued at $74,000 after acquiring an additional 549 shares during the last quarter. Jones Financial Companies Lllp grew its position in Crocs by 38.3% in the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock worth $81,000 after acquiring an additional 206 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in Crocs during the fourth quarter worth approximately $96,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Performance

Shares of NASDAQ:CROX opened at $118.26 on Thursday. The firm’s 50 day simple moving average is $100.89 and its 200-day simple moving average is $103.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. Crocs, Inc. has a one year low of $86.11 and a one year high of $165.32. The firm has a market cap of $6.63 billion, a PE ratio of 7.40, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46.

Crocs (NASDAQ:CROX) last issued its earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.49. Crocs had a return on equity of 46.27% and a net margin of 23.16%. The business had revenue of $937.33 million during the quarter, compared to analyst estimates of $907.07 million. During the same period in the previous year, the company posted $3.02 EPS. Crocs’s revenue was down .1% on a year-over-year basis. As a group, equities analysts predict that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Buying and Selling at Crocs

In other news, Director Ian Bickley sold 3,044 shares of Crocs stock in a transaction on Monday, May 12th. The stock was sold at an average price of $115.89, for a total value of $352,769.16. Following the transaction, the director now directly owns 27,505 shares in the company, valued at approximately $3,187,554.45. This trade represents a 9.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of the company’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 sale, the executive vice president now owns 29,299 shares of the company’s stock, valued at $3,215,565.25. This trade represents a 13.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,703 shares of company stock valued at $2,464,444. Company insiders own 2.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Barclays dropped their target price on Crocs from $122.00 to $119.00 and set an “overweight” rating for the company in a report on Friday, May 9th. StockNews.com cut shares of Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. UBS Group lifted their price target on shares of Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Stifel Nicolaus reduced their price objective on shares of Crocs from $138.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, Guggenheim decreased their price objective on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $139.79.

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.