Artisan Partners Limited Partnership Trims Stock Position in Crocs, Inc. (NASDAQ:CROX)

Artisan Partners Limited Partnership reduced its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 376,420 shares of the textile maker's stock after selling 21,783 shares during the period. Artisan Partners Limited Partnership owned 0.65% of Crocs worth $41,229,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. grew its position in Crocs by 39.6% during the 4th 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. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Crocs in the 3rd quarter valued at approximately $17,122,000. Motley Fool Wealth Management LLC acquired a new stake in Crocs in the 3rd quarter valued at approximately $9,097,000. Contrarius Group Holdings Ltd acquired a new stake in shares of Crocs in the fourth quarter valued at approximately $6,259,000. Finally, Vanguard Group Inc. lifted its position in shares of Crocs by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock worth $599,959,000 after purchasing an additional 47,576 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Crocs Stock Performance

Shares of NASDAQ:CROX traded up $0.21 during midday trading on Monday, hitting $106.20. The company had a trading volume of 1,728,168 shares, compared to its average volume of 1,384,782. The company has a fifty day moving average of $102.78 and a two-hundred day moving average of $112.81. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. Crocs, Inc. has a 12-month low of $88.25 and a 12-month high of $165.32. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 1.80 and a beta of 1.84.

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Crocs (NASDAQ:CROX - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 earnings per share 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, equities research analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly owns 29,299 shares in the company, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 stock was 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 in the company, valued at $9,529,870.87. This trade represents a 14.38 % 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.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Robert W. Baird decreased their price objective on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. KeyCorp lowered 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. Loop Capital raised shares of Crocs from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research report on Wednesday, March 12th. Barclays lowered their price target on Crocs from $125.00 to $122.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $129.00 price target on shares of Crocs in a report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Crocs presently has a consensus rating of "Moderate Buy" and a consensus price target of $143.53.

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.