Crocs, Inc. (NASDAQ:CROX) Shares Sold by Fmr LLC

FMR LLC lessened its stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 28.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,386,609 shares of the textile maker's stock after selling 2,520,982 shares during the quarter. FMR LLC owned about 10.96% of Crocs worth $699,525,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CROX. UMB Bank n.a. grew its stake in Crocs by 46.6% in the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker's stock worth $49,000 after acquiring an additional 142 shares during the period. Allianz SE acquired a new stake in shares of Crocs during the fourth quarter worth $53,000. Wilmington Savings Fund Society FSB acquired a new position in Crocs in the third quarter valued at $73,000. Jones Financial Companies Lllp increased its stake in Crocs by 38.3% in 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 during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in Crocs in the 4th quarter worth about $96,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. KeyCorp cut their price objective on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Robert W. Baird decreased their price target on shares of Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Bank of America boosted their price objective on shares of Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Loop Capital increased their target price on shares of Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. Finally, Needham & Company LLC reissued a "buy" rating and issued a $129.00 price objective on shares of Crocs in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.00.

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Crocs Stock Performance

CROX stock traded up $1.05 during mid-day trading on Monday, reaching $93.61. The company had a trading volume of 424,095 shares, compared to its average volume of 1,446,236. The stock's 50-day simple moving average is $101.91 and its two-hundred day simple moving average is $109.64. The stock has a market capitalization of $5.25 billion, a P/E ratio of 5.85, a P/E/G ratio of 1.80 and a beta of 1.62. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. Crocs, Inc. has a one year low of $86.11 and a one year high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last posted its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. Research analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Buying and Selling

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the business's stock in a transaction dated 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 approximately $9,529,870.87. The trade was a 14.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Shannon Sisler sold 4,659 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was 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 directly owns 29,299 shares of the company's stock, 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. Corporate insiders own 2.72% of the company's stock.

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.