Portolan Capital Management LLC Cuts Holdings in Crocs, Inc. (NASDAQ:CROX)

Portolan Capital Management LLC lowered its holdings in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 11.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 81,430 shares of the textile maker's stock after selling 10,346 shares during the period. Portolan Capital Management LLC owned 0.14% of Crocs worth $8,919,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. lifted its holdings in shares of Crocs by 46.6% during 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 bought a new position in shares of Crocs in the fourth quarter valued at approximately $53,000. Wilmington Savings Fund Society FSB purchased a new position in Crocs in the third quarter worth $73,000. Jones Financial Companies Lllp increased its position in Crocs by 38.3% in the fourth quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker's stock worth $81,000 after buying an additional 206 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in Crocs during the 4th quarter valued at $96,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Crocs

In related news, 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 value of $511,325.25. Following the transaction, the executive vice president now directly owns 29,299 shares in the company, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Adam Michaels sold 15,000 shares of Crocs stock in a transaction on 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 sale, the executive vice president now owns 89,323 shares in the company, valued at $9,529,870.87. This represents 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 corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. KeyCorp lowered their target price on shares of Crocs from $150.00 to $120.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Loop Capital increased 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. Bank of America lifted their price target on shares of Crocs from $144.00 to $153.00 and gave the company a "buy" rating in a report on Friday, February 14th. Piper Sandler reduced their target price on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Guggenheim reduced their price objective on Crocs from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Crocs currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.00.

Crocs Trading Up 2.3 %

Shares of NASDAQ:CROX traded up $2.05 during trading on Friday, hitting $90.72. The company had a trading volume of 1,385,259 shares, compared to its average volume of 1,454,018. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. Crocs, Inc. has a one year low of $86.11 and a one year high of $165.32. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 5.67, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. The company has a fifty day simple moving average of $101.58 and a two-hundred day simple moving average of $108.62.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly 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%. As a group, equities analysts forecast that Crocs, Inc. will post 13.2 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.