Crocs, Inc. (NASDAQ:CROX) Shares Purchased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board boosted its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 240.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,619 shares of the textile maker's stock after acquiring an additional 7,500 shares during the period. Ontario Teachers Pension Plan Board's holdings in Crocs were worth $1,163,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Crocs by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock valued at $599,959,000 after buying an additional 47,576 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Crocs by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker's stock valued at $223,126,000 after buying an additional 577,467 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings 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 acquiring an additional 1,244,480 shares during the last quarter. Geode Capital Management LLC grew its position in Crocs by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,064,644 shares of the textile maker's stock worth $116,644,000 after acquiring an additional 15,037 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in 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 during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Crocs Trading Up 2.3 %

Shares of CROX traded up $2.05 during midday trading on Friday, reaching $90.72. The company had a trading volume of 1,385,259 shares, compared to its average volume of 1,456,972. 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 1-year low of $86.11 and a 1-year high of $165.32. The firm has a 50 day simple moving average of $101.62 and a 200-day simple moving average of $108.27. The stock has a market cap of $5.09 billion, a PE ratio of 5.67, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62.

Crocs (NASDAQ:CROX - Get Free Report) last announced its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share 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%. Research analysts forecast that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CROX has been the subject of several analyst reports. Needham & Company LLC restated a "buy" rating and issued a $129.00 target price on shares of Crocs in a report on Thursday, February 13th. UBS Group raised their price target on shares of Crocs from $122.00 to $132.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. KeyCorp decreased their price target on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. StockNews.com downgraded Crocs from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Robert W. Baird dropped their price target on Crocs from $180.00 to $150.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $140.00.

Insider Activity

In other Crocs news, EVP Shannon Sisler sold 4,659 shares of Crocs 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 transaction, the executive vice president now owns 29,299 shares of the company's stock, valued at $3,215,565.25. The trade was a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 value of $1,600,350.00. Following the completion of the transaction, the executive vice president now owns 89,323 shares in the company, valued at $9,529,870.87. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company's stock.

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.