Crocs, Inc. (NASDAQ:CROX) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 22.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,599 shares of the textile maker's stock after selling 44,960 shares during the period. New York State Common Retirement Fund owned 0.26% of Crocs worth $22,677,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Crocs by 1.4% in the first quarter. Vanguard Group Inc. now owns 5,572,643 shares of the textile maker's stock valued at $801,346,000 after acquiring an additional 76,460 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Crocs by 15.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,091,097 shares of the textile maker's stock valued at $159,235,000 after purchasing an additional 142,944 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Crocs by 1.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 901,973 shares of the textile maker's stock worth $131,634,000 after purchasing an additional 11,986 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Crocs by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 790,225 shares of the textile maker's stock worth $115,322,000 after buying an additional 89,610 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised its position in shares of Crocs by 6.7% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 521,726 shares of the textile maker's stock valued at $76,141,000 after buying an additional 32,984 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Insider Activity

In other Crocs news, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the sale, the director now directly owns 81,254 shares in the company, valued at $10,756,404.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Douglas J. Treff sold 10,594 shares of Crocs stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $132.38, for a total value of $1,402,433.72. Following the completion of the transaction, the director now directly owns 81,254 shares in the company, valued at approximately $10,756,404.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John B. Replogle bought 2,240 shares of Crocs stock in a transaction on Wednesday, October 30th. The shares were purchased at an average cost of $112.60 per share, for a total transaction of $252,224.00. Following the acquisition, the director now owns 9,304 shares in the company, valued at $1,047,630.40. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.72% of the company's stock.

Crocs Trading Down 1.0 %

Shares of CROX stock traded down $1.07 during mid-day trading on Tuesday, reaching $105.22. The company's stock had a trading volume of 1,614,659 shares, compared to its average volume of 1,334,707. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. Crocs, Inc. has a 12-month low of $77.16 and a 12-month high of $165.32. The firm has a market capitalization of $6.13 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 1.07 and a beta of 2.01. The company's 50 day simple moving average is $134.92 and its 200-day simple moving average is $138.26.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.50. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Crocs had a net margin of 20.50% and a return on equity of 49.70%. Crocs's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $3.25 earnings per share. On average, research analysts predict that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Piper Sandler reaffirmed an "overweight" rating and issued a $170.00 target price on shares of Crocs in a research note on Friday, August 23rd. Raymond James downgraded Crocs from an "outperform" rating to a "market perform" rating in a research report on Wednesday, October 30th. UBS Group reduced their target price on Crocs from $146.00 to $122.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th. Barclays lowered their price target on Crocs from $164.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, October 29th. Finally, Robert W. Baird dropped their price objective on shares of Crocs from $190.00 to $180.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Crocs has a consensus rating of "Moderate Buy" and a consensus price target of $154.00.

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.