State of Alaska Department of Revenue Has $2.37 Million Stock Position in Crocs, Inc. (NASDAQ:CROX)

State of Alaska Department of Revenue lifted its position in shares of Crocs, Inc. (NASDAQ:CROX) by 129.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,678 shares of the textile maker’s stock after buying an additional 12,245 shares during the quarter. State of Alaska Department of Revenue’s holdings in Crocs were worth $2,373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in Crocs by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after purchasing an additional 577,467 shares in the last quarter. FMR LLC raised its stake in Crocs by 4.8% in the third quarter. FMR LLC now owns 8,907,591 shares of the textile maker’s stock valued at $1,289,908,000 after purchasing an additional 406,287 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in Crocs in the third quarter valued at about $17,122,000. Motley Fool Wealth Management LLC acquired a new position in Crocs in the third quarter valued at about $9,097,000. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in Crocs by 34.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 184,670 shares of the textile maker’s stock valued at $20,227,000 after purchasing an additional 46,890 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Activity at Crocs

In other Crocs news, CFO Susan L. Healy purchased 1,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were purchased at an average cost of $99.70 per share, with a total value of $99,700.00. Following the completion of the purchase, the chief financial officer now owns 22,652 shares in the company, valued at $2,258,404.40. This represents a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.72% of the stock is currently owned by company insiders.

Crocs Stock Performance

Shares of CROX stock opened at $90.76 on Tuesday. The business’s 50 day simple moving average is $106.69 and its 200 day simple moving average is $120.19. Crocs, Inc. has a one year low of $89.61 and a one year high of $165.32. The stock has a market capitalization of $5.29 billion, a PE ratio of 6.58, a PEG ratio of 1.67 and a beta of 1.93. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.90.

Analysts Set New Price Targets

A number of research analysts recently commented on CROX shares. Guggenheim dropped their price target on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. UBS Group lowered their target price on Crocs from $146.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. KeyCorp lowered their target price on Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. StockNews.com downgraded Crocs from a “buy” rating to a “hold” rating in a research note on Saturday, January 11th. Finally, Needham & Company LLC initiated coverage on Crocs in a research note on Friday, November 22nd. They set a “buy” rating and a $116.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $144.47.

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.