Distillate Capital Partners LLC Takes Position in Crocs, Inc. (NASDAQ:CROX)

Distillate Capital Partners LLC bought a new position in Crocs, Inc. (NASDAQ:CROX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 138,286 shares of the textile maker's stock, valued at approximately $15,146,000. Distillate Capital Partners LLC owned 0.24% of Crocs at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Crocs by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock valued at $599,959,000 after acquiring an additional 47,576 shares in the last quarter. Empowered Funds LLC boosted its holdings in Crocs by 42.0% during the fourth quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker's stock valued at $8,450,000 after purchasing an additional 22,809 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Crocs by 129.8% in the 4th quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker's stock valued at $2,373,000 after purchasing an additional 12,245 shares during the period. Impax Asset Management Group plc acquired a new position in shares of Crocs in the 4th quarter worth approximately $684,000. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Crocs by 39.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker's stock worth $1,888,000 after buying an additional 4,862 shares during the period. Institutional investors and hedge funds own 93.44% of the company's stock.

Remove Ads

Crocs Trading Down 1.0 %

Crocs stock traded down $0.87 during trading hours on Tuesday, reaching $89.93. 1,371,391 shares of the company's stock traded hands, compared to its average volume of 1,453,551. Crocs, Inc. has a fifty-two week low of $86.11 and a fifty-two week high of $165.32. The firm's 50 day moving average is $101.68 and its 200-day moving average is $109.13. 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 capitalization of $5.04 billion, a price-to-earnings ratio of 5.62, a PEG ratio of 1.80 and a beta of 1.62.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating 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%. On average, analysts predict that Crocs, Inc. will post 13.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CROX has been the subject of several recent analyst reports. Piper Sandler dropped their price objective on Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Friday. Bank of America boosted their price target on shares of Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research report on Friday, February 14th. KeyCorp dropped 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. StockNews.com downgraded Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Stifel Nicolaus dropped their price target on 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 assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $140.00.

Insiders Place Their Bets

In other news, EVP Adam Michaels sold 15,000 shares of the business's stock in a transaction 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 owns 89,323 shares of the company's stock, valued at $9,529,870.87. The trade was a 14.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares in the company, valued at $3,215,565.25. This trade 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.

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.