Blueshift Asset Management LLC Cuts Stake in Crocs, Inc. (NASDAQ:CROX)

Blueshift Asset Management LLC reduced its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 40.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,989 shares of the textile maker's stock after selling 4,748 shares during the quarter. Blueshift Asset Management LLC's holdings in Crocs were worth $766,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in shares of Crocs by 46.6% during 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. Avior Wealth Management LLC boosted its stake in Crocs by 109.5% during the third quarter. Avior Wealth Management LLC now owns 398 shares of the textile maker's stock worth $58,000 after acquiring an additional 208 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Crocs in the third quarter worth about $73,000. Jones Financial Companies Lllp increased its stake in shares of Crocs by 38.3% during the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock valued at $81,000 after purchasing an additional 206 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in shares of Crocs during the fourth quarter valued at approximately $96,000. Institutional investors own 93.44% of the company's stock.

Crocs Stock Performance

Shares of CROX stock traded up $6.33 during mid-day trading on Monday, reaching $110.92. 1,909,567 shares of the company's stock traded hands, compared to its average volume of 1,359,725. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The firm has a market capitalization of $6.22 billion, a PE ratio of 6.94, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a 12 month low of $88.25 and a 12 month high of $165.32. The firm has a 50 day moving average price of $102.24 and a two-hundred day moving average price of $113.31.

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Crocs (NASDAQ:CROX - Get Free Report) last issued 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 return on equity of 46.27% and a net margin of 23.16%. On average, research analysts forecast that Crocs, Inc. will post 13.2 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Adam Michaels sold 15,000 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Shannon Sisler sold 4,659 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the sale, 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 disclosure for this sale can be found here. 2.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Guggenheim cut their target price on Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Loop Capital raised shares of Crocs from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research report on Wednesday, March 12th. Robert W. Baird lowered their price objective on Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. UBS Group lifted their target price on Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Finally, Barclays dropped their price objective on Crocs from $125.00 to $122.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Crocs currently has a consensus rating of "Moderate Buy" and an average 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.