Retirement Systems of Alabama Acquires 12,326 Shares of Crocs, Inc. (NASDAQ:CROX)

Retirement Systems of Alabama increased its holdings in shares of Crocs, Inc. (NASDAQ:CROX) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 164,264 shares of the textile maker’s stock after acquiring an additional 12,326 shares during the quarter. Retirement Systems of Alabama owned approximately 0.28% of Crocs worth $17,992,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. First Dallas Securities Inc. purchased a new position in shares of Crocs in the 4th quarter worth about $312,000. Rheos Capital Works Inc. boosted its stake in Crocs by 30.6% in the fourth quarter. Rheos Capital Works Inc. now owns 192,200 shares of the textile maker’s stock valued at $21,052,000 after acquiring an additional 45,000 shares during the last quarter. JB Capital LLC grew its position in shares of Crocs by 13.1% during the 4th quarter. JB Capital LLC now owns 12,409 shares of the textile maker’s stock valued at $1,359,000 after acquiring an additional 1,440 shares during the period. Foster & Motley Inc. purchased a new stake in shares of Crocs during the 4th quarter worth approximately $286,000. Finally, Foster Victor Wealth Advisors LLC raised its holdings in shares of Crocs by 54.3% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 91,647 shares of the textile maker’s stock worth $9,162,000 after purchasing an additional 32,254 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CROX shares. Loop Capital lowered Crocs from a “buy” rating to a “hold” rating and reduced their price objective for the company from $150.00 to $110.00 in a report on Thursday, November 7th. Monness Crespi & Hardt decreased their price objective on Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Guggenheim dropped their price objective on shares of Crocs from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Monday. UBS Group reduced their target price on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Finally, Barclays decreased their price objective on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Crocs currently has a consensus rating of “Moderate Buy” and an average target price of $146.47.

Insider Buying and Selling at Crocs

In other news, CFO Susan L. Healy bought 1,000 shares of Crocs stock in a transaction on Wednesday, November 13th. The shares were purchased at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the acquisition, the chief financial officer now owns 22,652 shares of the company’s stock, valued at approximately $2,258,404.40. The trade was a 4.62 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.72% of the company’s stock.

Crocs Price Performance

Shares of Crocs stock opened at $95.52 on Friday. The business has a 50 day moving average of $107.31 and a 200 day moving average of $120.84. Crocs, Inc. has a 52 week low of $95.05 and a 52 week high of $165.32. The company has a market cap of $5.57 billion, a PE ratio of 6.93, a P/E/G ratio of 1.78 and a beta of 1.93. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

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.