Arrowstreet Capital Limited Partnership Purchases 1,244,480 Shares of Crocs, Inc. (NASDAQ:CROX)

Arrowstreet Capital Limited Partnership grew its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 1,516.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,326,564 shares of the textile maker's stock after buying an additional 1,244,480 shares during the period. Arrowstreet Capital Limited Partnership owned 2.28% of Crocs worth $145,299,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Pacer Advisors Inc. lifted its position in Crocs by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock worth $223,126,000 after acquiring an additional 577,467 shares during the last quarter. Norges Bank bought a new position in shares of Crocs during the fourth quarter worth approximately $62,221,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Crocs during the 3rd quarter worth approximately $17,122,000. Motley Fool Wealth Management LLC bought a new stake in Crocs in the 3rd quarter valued at $9,097,000. Finally, Contrarius Group Holdings Ltd acquired a new position in Crocs in the 4th quarter valued at $6,259,000. 93.44% of the stock is currently owned by institutional investors.

Crocs Trading Up 4.9 %

CROX stock traded up $4.68 during mid-day trading on Friday, reaching $100.65. The company's stock had a trading volume of 4,695,361 shares, compared to its average volume of 1,416,268. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 6.29, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. Crocs, Inc. has a 12 month low of $88.25 and a 12 month high of $165.32. The business's 50 day moving average price is $102.96 and its 200 day moving average price is $112.16. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74.

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Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly 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%. On average, equities research analysts predict that Crocs, Inc. will post 13.2 EPS for the current year.

Insiders Place Their Bets

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was 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 directly owns 29,299 shares of the company's stock, valued at approximately $3,215,565.25. The trade was a 13.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $9,529,870.87. This represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company's stock.

Analyst Ratings Changes

CROX has been the subject of a number of recent research reports. Barclays reduced their target price on shares of Crocs from $125.00 to $122.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. KeyCorp reduced their price target on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. UBS Group lifted their target price on Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Robert W. Baird cut their target price 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. Finally, Guggenheim dropped their price target on Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $144.53.

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.