Crocs, Inc. (NASDAQ:CROX) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. increased its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 38.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 966,769 shares of the textile maker's stock after buying an additional 270,598 shares during the period. Alliancebernstein L.P. owned 1.66% of Crocs worth $105,890,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its position in shares of Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock worth $49,000 after purchasing an additional 142 shares during the last quarter. Allianz SE purchased a new stake in Crocs in the 4th quarter worth approximately $53,000. Wilmington Savings Fund Society FSB purchased a new position in Crocs during the third quarter valued at approximately $73,000. Jones Financial Companies Lllp boosted its position in shares of 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 purchasing an additional 206 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Crocs in the fourth quarter worth $96,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Crocs

In related news, EVP Adam Michaels sold 15,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was 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 represents a 14.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction dated 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 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. 2.72% of the stock is owned by corporate insiders.

Remove Ads

Analyst Ratings Changes

CROX has been the topic of several recent analyst reports. Robert W. Baird reduced their price objective on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Needham & Company LLC restated a "buy" rating and set a $129.00 price target on shares of Crocs in a report on Thursday, February 13th. UBS Group lifted their price objective 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. KeyCorp dropped their price target on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. 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. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Crocs currently has an average rating of "Moderate Buy" and a consensus price target of $144.53.

Crocs Stock Down 6.0 %

Crocs stock traded down $6.04 during midday trading on Monday, reaching $94.61. The company's stock had a trading volume of 1,581,790 shares, compared to its average volume of 1,419,918. The stock has a market capitalization of $5.30 billion, a P/E ratio of 5.94, a PEG ratio of 1.80 and a beta of 1.62. Crocs, Inc. has a 52-week low of $88.25 and a 52-week high of $165.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The stock's 50-day simple moving average is $102.96 and its 200-day simple moving average is $111.78.

Crocs (NASDAQ:CROX - Get Free Report) 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 return on equity of 46.27% and a net margin of 23.16%. On average, sell-side analysts expect that Crocs, Inc. will post 13.2 EPS for the current year.

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.