Wellington Management Group LLP Sells 405,714 Shares of Crocs, Inc. (NASDAQ:CROX)

Wellington Management Group LLP trimmed its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 43.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 533,876 shares of the textile maker's stock after selling 405,714 shares during the period. Wellington Management Group LLP owned approximately 0.92% of Crocs worth $58,475,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Crocs by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock valued at $599,959,000 after acquiring an additional 47,576 shares during the period. Empowered Funds LLC lifted its stake in shares of Crocs by 42.0% in the fourth quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker's stock valued at $8,450,000 after buying an additional 22,809 shares during the period. State of Alaska Department of Revenue lifted its stake 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 buying an additional 12,245 shares during the period. Impax Asset Management Group plc bought a new stake in shares of Crocs in the fourth quarter valued at about $684,000. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Crocs by 39.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 17,236 shares of the textile maker's stock valued at $1,888,000 after buying an additional 4,862 shares during the period. 93.44% of the stock is currently owned by institutional investors.

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Insider Activity

In other news, EVP Shannon Sisler sold 4,659 shares of the 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 sale, the executive vice president now directly owns 29,299 shares of the company's stock, valued at $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Adam Michaels sold 15,000 shares of the 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 sale, 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 owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Loop Capital increased 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. UBS Group increased their price target on shares of Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Robert W. Baird dropped their price target 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. Barclays dropped their price target on shares of Crocs from $125.00 to $122.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Finally, KeyCorp dropped their price target on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $142.47.

Crocs Price Performance

Shares of CROX traded down $6.50 during mid-day trading on Thursday, hitting $93.09. 310,874 shares of the company traded hands, compared to its average volume of 1,434,900. Crocs, Inc. has a one year low of $86.11 and a one year high of $165.32. 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 business has a 50-day moving average of $102.03 and a 200 day moving average of $110.59. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 5.81, a PEG ratio of 1.80 and a beta of 1.62.

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

Crocs 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.