84,657 Shares in Crocs, Inc. (NASDAQ:CROX) Acquired by Natixis

Natixis bought a new stake in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 84,657 shares of the textile maker's stock, valued at approximately $9,272,000. Natixis owned 0.15% of Crocs as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Crocs by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock worth $599,959,000 after acquiring an additional 47,576 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Crocs by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock worth $223,126,000 after acquiring an additional 577,467 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Crocs by 1,516.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock valued at $145,299,000 after purchasing an additional 1,244,480 shares in the last quarter. Geode Capital Management LLC lifted its stake in Crocs by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker's stock valued at $116,644,000 after purchasing an additional 15,037 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Crocs by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,046,600 shares of the textile maker's stock valued at $114,632,000 after buying an additional 89,647 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Shannon Sisler sold 4,659 shares of the firm's stock in a transaction 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 $3,215,565.25. This trade represents a 13.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Adam Michaels sold 15,000 shares of the 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 transaction, the executive vice president now owns 89,323 shares of the company's stock, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CROX has been the topic of several recent research reports. Guggenheim cut their price objective on Crocs from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. UBS Group lifted their target price on shares of Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Loop Capital upped their price target on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Piper Sandler cut their price target on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Bank of America boosted their price objective on shares of Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $140.00.

Crocs Stock Down 1.1 %

Shares of NASDAQ CROX traded down $1.05 during mid-day trading on Friday, reaching $97.68. 1,302,356 shares of the company's stock traded hands, compared to its average volume of 1,465,831. Crocs, Inc. has a 1-year low of $86.11 and a 1-year high of $165.32. The stock has a market cap of $5.48 billion, a P/E ratio of 6.11, a PEG ratio of 1.80 and a beta of 1.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The business has a 50-day simple moving average of $100.86 and a 200 day simple moving average of $107.03.

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