Motley Fool Wealth Management LLC Sells 6,963 Shares of Crocs, Inc. (NASDAQ:CROX)

Motley Fool Wealth Management LLC reduced its holdings in Crocs, Inc. (NASDAQ:CROX) by 11.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,854 shares of the textile maker’s stock after selling 6,963 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Crocs were worth $6,068,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Empowered Funds LLC increased its position in Crocs by 42.0% in the 4th quarter. Empowered Funds LLC now owns 77,152 shares of the textile maker’s stock worth $8,450,000 after buying an additional 22,809 shares during the period. State of Alaska Department of Revenue increased its position in Crocs by 129.8% during the fourth quarter. State of Alaska Department of Revenue now owns 21,678 shares of the textile maker’s stock worth $2,373,000 after acquiring an additional 12,245 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new position in Crocs during the 3rd quarter valued at $17,122,000. Hancock Whitney Corp grew its position in Crocs by 67.9% in the 3rd quarter. Hancock Whitney Corp now owns 13,936 shares of the textile maker’s stock worth $2,018,000 after purchasing an additional 5,636 shares during the last quarter. Finally, Cinctive Capital Management LP acquired a new position in shares of Crocs during the third quarter valued at about $4,123,000. 93.44% of the stock is currently owned by institutional investors.

Insider Transactions at Crocs

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the transaction, the executive vice president now owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Shannon Sisler sold 4,659 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 29,299 shares of the company’s stock, 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. 2.72% of the stock is owned by company insiders.

Crocs Trading Up 1.5 %

CROX stock opened at $112.59 on Wednesday. The business has a fifty day moving average price of $102.39 and a 200 day moving average price of $113.19. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. Crocs, Inc. has a fifty-two week low of $88.25 and a fifty-two week high of $165.32. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 1.80 and a beta of 1.84.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. Analysts expect that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Analysts Set New Price Targets

CROX has been the topic of a number of recent research reports. Robert W. Baird decreased their target price on Crocs from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Barclays decreased their price target on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. KeyCorp dropped their price objective on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, Guggenheim decreased their target price 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. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Crocs presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.53.

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.