Crocs, Inc. (NASDAQ:CROX) Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership decreased its stake in Crocs, Inc. (NASDAQ:CROX) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 376,420 shares of the textile maker’s stock after selling 21,783 shares during the period. Artisan Partners Limited Partnership owned approximately 0.65% of Crocs worth $41,229,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. grew its position 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 acquiring an additional 577,467 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Crocs during the 3rd quarter worth $17,122,000. Motley Fool Wealth Management LLC acquired a new position in Crocs in the 3rd quarter worth $9,097,000. Contrarius Group Holdings Ltd purchased a new position in Crocs in the 4th quarter valued at about $6,259,000. Finally, Vanguard Group Inc. increased its position in shares of Crocs by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker’s stock worth $599,959,000 after acquiring an additional 47,576 shares during the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Crocs Price Performance

Shares of NASDAQ:CROX opened at $105.99 on Friday. The firm’s 50 day moving average is $102.78 and its two-hundred day moving average is $113.01. The firm has a market capitalization of $5.94 billion, a P/E ratio of 6.63, a PEG ratio of 1.80 and a beta of 1.84. The company has a current ratio of 1.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. Crocs, Inc. has a 52 week low of $88.25 and a 52 week high of $165.32.

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

Analyst Ratings Changes

A number of brokerages have weighed in on CROX. Guggenheim lowered their price objective on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. StockNews.com downgraded shares of Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Barclays cut their target price 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. Robert W. Baird lowered their price objective on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $129.00 target price on shares of Crocs in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $143.53.

Insider Buying and Selling

In other Crocs news, EVP Adam Michaels sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the sale, the executive vice president now directly owns 89,323 shares in the company, valued at approximately $9,529,870.87. The trade was a 14.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Shannon Sisler sold 4,659 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were 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 owns 29,299 shares of the company’s stock, valued at $3,215,565.25. This trade represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.