Portolan Capital Management LLC Has $8.92 Million Position in Crocs, Inc. (NASDAQ:CROX)

Portolan Capital Management LLC decreased its position in shares of Crocs, Inc. (NASDAQ:CROX) by 11.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 81,430 shares of the textile maker’s stock after selling 10,346 shares during the quarter. Portolan Capital Management LLC owned approximately 0.14% of Crocs worth $8,919,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CROX. UMB Bank n.a. boosted its holdings in Crocs by 46.6% in the fourth quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 142 shares during the last quarter. Allianz SE bought a new position in shares of Crocs in the 4th quarter valued at about $53,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Crocs during the 3rd quarter worth approximately $73,000. Jones Financial Companies Lllp raised its stake in shares of Crocs by 38.3% during 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 acquired a new position in Crocs in the fourth quarter valued at approximately $96,000. 93.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays dropped their target price on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Bank of America increased their target price on Crocs from $144.00 to $153.00 and gave the company a “buy” rating in a research note on Friday, February 14th. UBS Group boosted their target price on Crocs from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Guggenheim cut their price target on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Finally, Loop Capital lifted their price objective on shares of Crocs from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Crocs currently has an average rating of “Moderate Buy” and an average target price of $140.00.

Crocs Trading Down 3.1 %

NASDAQ CROX opened at $92.56 on Monday. Crocs, Inc. has a 52 week low of $86.11 and a 52 week high of $165.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.18. The stock’s 50 day moving average price is $101.91 and its two-hundred day moving average price is $109.64. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 5.79, a PEG ratio of 1.80 and a beta of 1.62.

Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping analysts’ consensus estimates 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, analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Transactions at Crocs

In related news, EVP Shannon Sisler sold 4,659 shares of the 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 completion of the transaction, the executive vice president now directly owns 29,299 shares of the company’s stock, valued at approximately $3,215,565.25. This represents a 13.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the transaction, the executive vice president now directly 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. Company insiders own 2.72% of the company’s stock.

About Crocs

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.