Timelo Investment Management Inc. Reduces Position in Crocs, Inc. (NASDAQ:CROX)

Timelo Investment Management Inc. lessened its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 76.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,000 shares of the textile maker's stock after selling 20,000 shares during the quarter. Crocs comprises approximately 0.5% of Timelo Investment Management Inc.'s holdings, making the stock its 10th largest position. Timelo Investment Management Inc.'s holdings in Crocs were worth $657,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Clear Harbor Asset Management LLC raised its holdings in Crocs by 3.3% in the 4th quarter. Clear Harbor Asset Management LLC now owns 3,114 shares of the textile maker's stock valued at $341,000 after buying an additional 100 shares during the last quarter. Valmark Advisers Inc. lifted its holdings in Crocs by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 6,626 shares of the textile maker's stock worth $726,000 after buying an additional 117 shares during the period. Manchester Capital Management LLC raised its position in shares of Crocs by 9.9% during the fourth quarter. Manchester Capital Management LLC now owns 1,437 shares of the textile maker's stock worth $157,000 after acquiring an additional 129 shares during the last quarter. UMB Bank n.a. boosted its holdings in Crocs by 46.6% in the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock valued at $49,000 after acquiring an additional 142 shares during the last quarter. Finally, Riverwater Partners LLC increased its position in Crocs by 0.9% during the 4th quarter. Riverwater Partners LLC now owns 19,974 shares of the textile maker's stock valued at $2,188,000 after purchasing an additional 177 shares during the period. Institutional investors own 93.44% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on CROX. UBS Group upped their price target on shares of Crocs from $122.00 to $132.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Needham & Company LLC reiterated a "buy" rating and issued a $129.00 target price on shares of Crocs in a report on Thursday, February 13th. Robert W. Baird dropped their price target on Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Bank of America raised their price objective on shares of Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus cut 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. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $140.00.

Crocs Stock Performance

Shares of CROX stock traded up $2.21 on Wednesday, hitting $95.80. 1,896,504 shares of the stock were exchanged, compared to its average volume of 1,463,708. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. Crocs, Inc. has a one year low of $86.11 and a one year high of $165.32. The firm has a market capitalization of $5.37 billion, a PE ratio of 5.99, a P/E/G ratio of 1.80 and a beta of 1.62. The firm's 50 day moving average is $101.05 and its two-hundred day moving average is $107.29.

Crocs (NASDAQ:CROX - Get Free Report) last announced its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share 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%. Sell-side analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Activity at Crocs

In other Crocs 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 owns 89,323 shares in the company, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Shannon Sisler sold 4,659 shares of the company's stock in a transaction dated 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 in the company, valued at $3,215,565.25. This 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 insiders.

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.