Alaska Permanent Fund Corp Raises Holdings in Crocs, Inc. (NASDAQ:CROX)

Alaska Permanent Fund Corp boosted its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 282.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,478 shares of the textile maker's stock after purchasing an additional 11,428 shares during the quarter. Alaska Permanent Fund Corp's holdings in Crocs were worth $2,226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Rise Advisors LLC bought a new stake in shares of Crocs in the 1st quarter valued at about $25,000. Mather Group LLC. purchased a new stake in Crocs during the first quarter worth $255,000. Goldman Sachs Group Inc. lifted its holdings in Crocs by 46.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 770,281 shares of the textile maker's stock worth $71,952,000 after buying an additional 245,240 shares during the period. Virtu Financial LLC bought a new stake in Crocs during the 4th quarter valued at $1,655,000. Finally, Aurora Investment Counsel increased its holdings in shares of Crocs by 33.9% in the 4th quarter. Aurora Investment Counsel now owns 11,595 shares of the textile maker's stock valued at $1,083,000 after acquiring an additional 2,936 shares during the period. 93.44% of the stock is owned by institutional investors.

Insider Activity at Crocs

In related news, CEO Andrew Rees sold 10,000 shares of Crocs stock in a transaction on Monday, June 17th. The shares were sold at an average price of $160.15, for a total value of $1,601,500.00. Following the sale, the chief executive officer now owns 79,748 shares of the company's stock, valued at approximately $12,771,642.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Anne Mehlman sold 7,150 shares of the company's stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $159.01, for a total value of $1,136,921.50. Following the completion of the sale, the executive vice president now directly owns 143,075 shares in the company, valued at $22,750,355.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Rees sold 10,000 shares of the business's stock in a transaction on Monday, June 17th. The stock was sold at an average price of $160.15, for a total value of $1,601,500.00. Following the transaction, the chief executive officer now directly owns 79,748 shares in the company, valued at approximately $12,771,642.20. The disclosure for this sale can be found here. Insiders sold a total of 30,178 shares of company stock worth $4,597,445 in the last three months. Company insiders own 2.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CROX shares. Williams Trading reaffirmed a "hold" rating and set a $125.00 price objective (down previously from $135.00) on shares of Crocs in a research report on Tuesday, April 16th. B. Riley lifted their price objective on shares of Crocs from $95.00 to $122.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 10th. Wedbush increased their target price on shares of Crocs from $156.00 to $170.00 and gave the company an "outperform" rating in a research report on Monday, May 13th. OTR Global raised shares of Crocs from a "mixed" rating to a "positive" rating in a report on Thursday, April 11th. Finally, KeyCorp raised their price objective on Crocs from $130.00 to $149.00 and gave the stock an "overweight" rating in a research report on Thursday, March 21st. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Crocs presently has a consensus rating of "Moderate Buy" and an average price target of $154.83.

Crocs Stock Performance

CROX traded down $3.11 during midday trading on Friday, hitting $154.74. 1,765,366 shares of the company were exchanged, compared to its average volume of 1,353,158. The company's 50 day simple moving average is $141.21 and its 200 day simple moving average is $123.21. The firm has a market capitalization of $9.39 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 1.80 and a beta of 1.97. Crocs, Inc. has a 1-year low of $74.00 and a 1-year high of $165.32. The company has a current ratio of 1.76, a quick ratio of 1.14 and a debt-to-equity ratio of 1.08.

Crocs (NASDAQ:CROX - Get Free Report) last posted its earnings results on Tuesday, May 7th. The textile maker reported $3.02 EPS for the quarter, topping the consensus estimate of $2.25 by $0.77. The firm had revenue of $938.60 million for the quarter, compared to analyst estimates of $884.29 million. Crocs had a return on equity of 56.33% and a net margin of 19.80%. Crocs's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $2.61 earnings per share. As a group, sell-side analysts predict that Crocs, Inc. will post 12.66 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.