Treasurer of the State of North Carolina Purchases 3,295 Shares of Crocs, Inc. (NASDAQ:CROX)

Treasurer of the State of North Carolina boosted its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,344 shares of the textile maker's stock after purchasing an additional 3,295 shares during the period. Treasurer of the State of North Carolina owned approximately 0.07% of Crocs worth $4,200,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Stifel Financial Corp lifted its holdings in Crocs by 5.0% during the 3rd quarter. Stifel Financial Corp now owns 10,994 shares of the textile maker's stock worth $1,592,000 after buying an additional 523 shares during the last quarter. M&T Bank Corp lifted its stake in Crocs by 4.3% during the third quarter. M&T Bank Corp now owns 5,601 shares of the textile maker's stock worth $811,000 after purchasing an additional 233 shares during the last quarter. World Investment Advisors LLC acquired a new position in Crocs in the third quarter worth $211,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Crocs during the third quarter worth $73,000. Finally, Tidal Investments LLC lifted its position in shares of Crocs by 64.5% in the 3rd quarter. Tidal Investments LLC now owns 21,674 shares of the textile maker's stock worth $3,139,000 after buying an additional 8,498 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Trading Up 2.3 %

Shares of NASDAQ CROX traded up $2.05 during mid-day trading on Friday, hitting $90.72. 1,385,259 shares of the company traded hands, compared to its average volume of 1,456,972. The business has a 50 day moving average of $101.62 and a two-hundred day moving average of $108.27. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 5.67, a PEG ratio of 1.80 and a beta of 1.62. Crocs, Inc. has a 1 year low of $86.11 and a 1 year high of $165.32. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74.

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

Insider Activity

In related news, EVP Adam Michaels sold 15,000 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Shannon Sisler sold 4,659 shares of Crocs stock in a transaction that occurred on 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 currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CROX shares. Barclays cut their price target on Crocs from $125.00 to $122.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Loop Capital boosted their target price on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Bank of America lifted their price target on Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a report on Friday, February 14th. Needham & Company LLC reiterated a "buy" rating and set a $129.00 price target on shares of Crocs in a research report on Thursday, February 13th. Finally, Robert W. Baird cut their price objective 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. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $140.00.

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.