Ontario Teachers Pension Plan Board Invests $526,000 in Crocs, Inc. (NASDAQ:CROX)

Ontario Teachers Pension Plan Board bought a new position in Crocs, Inc. (NASDAQ:CROXFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,636 shares of the textile maker’s stock, valued at approximately $526,000.

Several other large investors have also added to or reduced their stakes in the business. Journey Strategic Wealth LLC bought a new position in Crocs during the 4th quarter valued at $210,000. Assetmark Inc. raised its holdings in shares of Crocs by 1.6% in the fourth quarter. Assetmark Inc. now owns 8,828 shares of the textile maker’s stock valued at $825,000 after purchasing an additional 142 shares during the last quarter. Quest Partners LLC bought a new position in shares of Crocs during the fourth quarter valued at about $53,000. Trexquant Investment LP grew its position in Crocs by 35.7% in the 4th quarter. Trexquant Investment LP now owns 26,447 shares of the textile maker’s stock worth $2,470,000 after purchasing an additional 6,958 shares in the last quarter. Finally, Corient Private Wealth LLC purchased a new stake in Crocs in the 4th quarter valued at about $598,000. Institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

CROX has been the subject of several recent analyst reports. Piper Sandler upped their target price on Crocs from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Williams Trading reaffirmed a “hold” rating and set a $125.00 target price (down from $135.00) on shares of Crocs in a research report on Tuesday, April 16th. Wedbush increased their price target on shares of Crocs from $156.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. OTR Global raised shares of Crocs from a “mixed” rating to a “positive” rating in a research report on Thursday, April 11th. Finally, Bank of America increased their target price on shares of Crocs from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.75.

View Our Latest Research Report on Crocs

Insider Activity at Crocs

In other news, Director John B. Replogle bought 1,972 shares of the stock in a transaction on Thursday, March 14th. The shares were acquired at an average cost of $126.75 per share, for a total transaction of $249,951.00. Following the purchase, the director now directly owns 3,153 shares of the company’s stock, valued at approximately $399,642.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, President Michelle Poole sold 5,074 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $124.98, for a total transaction of $634,148.52. Following the completion of the transaction, the president now owns 52,966 shares of the company’s stock, valued at $6,619,690.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John B. Replogle bought 1,972 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average cost of $126.75 per share, for a total transaction of $249,951.00. Following the completion of the purchase, the director now directly owns 3,153 shares of the company’s stock, valued at $399,642.75. The disclosure for this purchase can be found here. 2.72% of the stock is owned by corporate insiders.

Crocs Trading Up 4.4 %

NASDAQ:CROX opened at $148.92 on Monday. Crocs, Inc. has a 1 year low of $74.00 and a 1 year high of $150.71. The stock’s fifty day moving average price is $134.15 and its two-hundred day moving average price is $115.01. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.76 and a quick ratio of 1.14. The company has a market cap of $9.04 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.69 and a beta of 2.03.

Crocs (NASDAQ:CROXGet Free Report) last issued its earnings results on Tuesday, May 7th. The textile maker reported $3.02 EPS for the quarter, topping the consensus estimate of $2.25 by $0.77. The business had revenue of $938.60 million during the quarter, compared to the consensus estimate of $884.29 million. Crocs had a return on equity of 56.33% and a net margin of 19.80%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.61 EPS. As a group, analysts expect that Crocs, Inc. will post 12.66 EPS for the current year.

Crocs Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding CROX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crocs, Inc. (NASDAQ:CROXFree Report).

Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

Receive News & Ratings for Crocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crocs and related companies with MarketBeat.com's FREE daily email newsletter.