Motley Fool Wealth Management LLC Sells 6,963 Shares of Crocs, Inc. (NASDAQ:CROX)

Motley Fool Wealth Management LLC reduced its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,854 shares of the textile maker's stock after selling 6,963 shares during the quarter. Motley Fool Wealth Management LLC owned 0.10% of Crocs worth $6,068,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CROX. UMB Bank n.a. increased its holdings in shares of Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock valued at $49,000 after purchasing an additional 142 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Crocs during the third quarter valued at approximately $73,000. Quarry LP acquired a new position in Crocs in the 3rd quarter valued at approximately $104,000. Jones Financial Companies Lllp lifted its position in Crocs by 38.3% in the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock worth $81,000 after buying an additional 206 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Crocs during the 4th quarter valued at $96,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insider Activity

In other news, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction 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 transaction, the executive vice president now directly owns 89,323 shares of the company's stock, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the executive vice president now owns 29,299 shares of the company's stock, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

CROX has been the subject of several recent research reports. Barclays cut their price objective on Crocs from $125.00 to $122.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Loop Capital raised Crocs from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research note on Wednesday, March 12th. KeyCorp lowered their price target on Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. 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 report on Monday, February 10th. Finally, StockNews.com downgraded shares of Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $143.53.

Crocs Price Performance

Shares of Crocs stock traded down $4.60 during midday trading on Friday, reaching $105.99. The company had a trading volume of 1,675,043 shares, compared to its average volume of 1,383,411. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 6.63, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. Crocs, Inc. has a 1-year low of $88.25 and a 1-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 stock has a fifty day simple moving average of $102.78 and a 200 day simple moving average of $112.92.

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

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.