Boston Partners Increases Stake in Crocs, Inc. (NASDAQ:CROX)

Boston Partners increased its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 24.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,808 shares of the textile maker's stock after buying an additional 11,889 shares during the period. Boston Partners owned 0.10% of Crocs worth $6,548,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its stake in shares of Crocs by 42.0% in the 4th 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 position in shares of Crocs by 129.8% in the fourth 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. Motley Fool Wealth Management LLC purchased a new position in Crocs in the 3rd quarter valued at about $9,097,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Crocs in the 3rd quarter worth about $17,122,000. Finally, Hancock Whitney Corp increased its stake in Crocs by 67.9% during the 3rd quarter. Hancock Whitney Corp now owns 13,936 shares of the textile maker's stock worth $2,018,000 after buying an additional 5,636 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CROX shares. Loop Capital raised Crocs from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research note on Wednesday, March 12th. Bank of America upped their target price on shares of Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a report on Friday, February 14th. UBS Group raised 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. StockNews.com cut shares of Crocs from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Robert W. Baird decreased their target price on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $143.53.

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Crocs Trading Down 2.7 %

NASDAQ CROX traded down $3.08 during trading hours on Wednesday, reaching $109.51. The company had a trading volume of 1,493,549 shares, compared to its average volume of 1,362,055. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $6.14 billion, a P/E ratio of 6.85, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. The stock has a 50-day moving average of $102.39 and a 200 day moving average of $113.19. Crocs, Inc. has a 1-year low of $88.25 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. As a group, research analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Transactions at Crocs

In other news, 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 sale, the executive vice president now owns 29,299 shares of the company's stock, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction 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. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.72% of the company's stock.

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.