Dimensional Fund Advisors LP Boosts Stake in Crocs, Inc. (NASDAQ:CROX)

Dimensional Fund Advisors LP increased its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 9.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,046,600 shares of the textile maker's stock after acquiring an additional 89,647 shares during the period. Dimensional Fund Advisors LP owned about 1.80% of Crocs worth $114,632,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Crocs by 0.9% during 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 during the last quarter. Pacer Advisors Inc. lifted its position in Crocs by 39.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock worth $223,126,000 after buying an additional 577,467 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Crocs by 1,516.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock worth $145,299,000 after buying an additional 1,244,480 shares in the last quarter. Geode Capital Management LLC grew its position in Crocs by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker's stock valued at $116,644,000 after acquiring an additional 15,037 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Crocs by 38.9% during the fourth quarter. Alliancebernstein L.P. now owns 966,769 shares of the textile maker's stock worth $105,890,000 after acquiring an additional 270,598 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

Crocs Price Performance

CROX opened at $97.68 on Friday. The stock's 50 day moving average price is $100.66 and its 200-day moving average price is $106.57. Crocs, Inc. has a 52-week low of $86.11 and a 52-week high of $165.32. The stock has a market capitalization of $5.48 billion, a PE ratio of 6.11, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus cut their price objective on shares of Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Robert W. Baird cut 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. KeyCorp decreased their price objective on Crocs from $150.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Needham & Company LLC restated a "buy" rating and set a $129.00 target price on shares of Crocs in a report on Thursday, February 13th. Finally, StockNews.com lowered Crocs from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.00.

Insider Buying and Selling

In related news, EVP Adam Michaels sold 15,000 shares of the company's stock in a transaction 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 sale, the executive vice president now directly owns 89,323 shares of the company's stock, valued at $9,529,870.87. This represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Shannon Sisler sold 4,659 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $109.75, for a total value of $511,325.25. Following the transaction, 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 position. The disclosure for this sale can be found here. 2.72% of the stock is owned by insiders.

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.

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