Gotham Asset Management LLC Raises Position in Crocs, Inc. (NASDAQ:CROX)

Gotham Asset Management LLC increased its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 108.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,052 shares of the textile maker’s stock after buying an additional 19,803 shares during the quarter. Gotham Asset Management LLC’s holdings in Crocs were worth $4,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Focus Partners Wealth grew its stake in shares of Crocs by 72.9% during the fourth quarter. Focus Partners Wealth now owns 7,774 shares of the textile maker’s stock worth $852,000 after acquiring an additional 3,278 shares during the last quarter. Fund 1 Investments LLC purchased a new stake in Crocs during the 4th quarter worth approximately $18,456,000. Ethic Inc. purchased a new stake in Crocs during the 4th quarter worth approximately $283,000. Ensign Peak Advisors Inc increased its stake in Crocs by 124.4% during the 4th quarter. Ensign Peak Advisors Inc now owns 98,979 shares of the textile maker’s stock valued at $10,841,000 after purchasing an additional 54,868 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Crocs by 30.6% in the fourth quarter. Deutsche Bank AG now owns 4,585 shares of the textile maker’s stock worth $502,000 after buying an additional 1,074 shares during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Crocs news, 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 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 approximately $9,529,870.87. This represents a 14.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $511,325.25. Following the transaction, the executive vice president now owns 29,299 shares in the company, valued at approximately $3,215,565.25. The trade was a 13.72% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,703 shares of company stock worth $2,464,444. 2.72% of the stock is owned by corporate insiders.

Crocs Stock Performance

NASDAQ CROX opened at $118.26 on Thursday. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 7.40, a PEG ratio of 1.80 and a beta of 1.46. The stock has a 50-day moving average of $100.89 and a 200 day moving average of $103.93. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $165.32.

Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.49. Crocs had a return on equity of 46.27% and a net margin of 23.16%. The business had revenue of $937.33 million during the quarter, compared to analysts’ expectations of $907.07 million. During the same period in the previous year, the business earned $3.02 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. Sell-side analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Piper Sandler cut their price objective on Crocs from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Barclays cut their price target on shares of Crocs from $122.00 to $119.00 and set an “overweight” rating on the stock in a report on Friday, May 9th. Guggenheim decreased their price objective on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Bank of America increased 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. Finally, UBS Group boosted their target price on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Crocs currently has an average rating of “Moderate Buy” and a consensus price target of $139.79.

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.